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Interchange Launches SMS LOCAL Wireless Local-Search and Nationwide Directory

14 January 2005

Interchange Corporation (NASDAQ:INCX - News), a leading provider of local and national paid-search services, today launched its new SMS LOCAL(TM) wireless local-search beta. SMS LOCAL enables consumers to quickly and easily search for products, services and businesses by location using text-message (SMS) enabled mobile phones and devices.


Using the shortcode 56225 (L-0-C-A-L on most phones), SMS LOCAL provides fast access to millions of national and local U.S. business listings by product, service, business name, and location, including proximity to landmarks. SMS LOCAL returns listings containing business name, address, phone number and distance.

"SMS LOCAL is designed to allow wireless users to search for local businesses, products and services easily. It brings the power and flexibility of our proprietary Keyword DNA(TM) local-search technology directly to consumers via their text-message enabled mobile phone or device," said Heath Clarke, Interchange CEO. "This represents a strategic step in our mission to enable consumers and businesses to find and connect with each other -- anytime, anywhere. Not only is SMS LOCAL much more flexible than current 411 directory assistance services, it represents a substantial cost saving to consumers each time they use it. Our goal is to make the easy to remember LOCAL shortcode as ubiquitous to SMS directory assistance in the future as 411 is today."

How to use SMS LOCAL:

Simply enter the product, service or business you need with location and text-message it to LOCAL (56225). For example, sending "parking near LAX" to 56225 will result in the nearest businesses to LAX that provide that service. Visit www.smslocal.com for more information.

The LOCAL shortcode (56225) is currently available on text-message enabled mobile phones and devices on the Verizon and Nextel networks, with additional network carrier coverage planned. SMS LOCAL is provided to consumers free of charge by Interchange (carrier charges may apply).

Once released from beta, SMS LOCAL will be available on a private-label basis and as an addition to Interchange's Local Direct(TM) search and advertising platform, thereby providing Local Direct clients with both Internet and nationwide wireless local-search and directory assistance services.

About Interchange

Interchange Corporation (NASDAQ:INCX - News) provides paid-search services that enable businesses to reach consumers through targeted online advertising. Interchange serves the sponsored listings of local and national advertisers in response to consumer search requests from its Search Distribution Network. Interchange's Local Direct(TM) search and advertising platform delivers geographically-targeted search results to consumers. Local Direct can be licensed to websites and search engines that provide local business information and serve local advertisers. Local Direct is powered by Interchange's Keyword DNA technology.

Interchange's search services are available at www.epilot.com and www.smslocal.com. For more information, visit Interchange's corporate website at www.interchangeusa.com.

Forward-Looking Statements: All statements other than statements of historical fact included in this document regarding our anticipated financial position, business strategy and plans and objectives of our management for future operations, are forward-looking statements. When used in this report, words such as "anticipate," "believe," "estimate," "plans," "expect," "intend" and similar expressions, as they relate to Interchange or our management, identify forward-looking statements. Any forward-looking statements are based on the beliefs of our management as well as assumptions made by and information currently available to our management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including, but not limited to, our plans to develop our ePilot products and develop sales, marketing, finance and administrative functions, dependence on major advertisers, competitive factors and pricing pressures, our ability to successfully integrate our expanded infrastructure, changes in legal and regulatory requirements, and general economic conditions. Any forward-looking statements reflect our current views with respect to future events and are subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. All subsequent written and oral forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by this paragraph.



--------------------------------------------------------------------------------
Contact:
Interchange Corporation
Cameron Triebwasser, 949-789-5242 (Media Relations)
Fax: 949-784-0880
ctriebwasser@interchangeusa.com
or
BPC Financial Marketing
John Baldissera, 800-368-1217 (Investor Relations)



--------------------------------------------------------------------------------
Source: Interchange Corporation

Source: Business Wire via Yahoo



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