Americantowns.com Reaches Milestone: Features 10 Million Community Events Online In 2007

FAIRFIELD, CT – Nov. 26, 2007 – AmericanTowns.com, the national network of hyperlocal, community-based websites, today announced that it has published its 10 millionth online community event of 2007. The milestone testifies to the Company’s extraordinary strength in hyperlocal media, where it also provides information on more than 100,000 community organizations as part of the “shared community webspace” it now provides to each of 15,000 towns in the United States.

“A rich and extensive community calendar is at the heart of our service to each local community,” explained Jim Maglione, AmericanTowns co-President, Community. “Achieving this milestone was one of our fundamental goals of 2007, supporting our vision of a national network of truly local community webspaces where residents can find and share the local information most important to their daily lives.”

Having previously built a regional network of such community sites outside New York City, AmericanTowns received $4.3 million of new capital in 2007, including a $3.3 million strategic investment from Idearc Media Corp, the NYSE-listed publisher of the Verizon Yellow Pages and Superpages.com®. This funding and the Idearc relationship are being used to enrich content for users, to offer new tools to help community organizations, and to expand reach nationally. Traffic growth has been 50% per quarter in 2007, and local residents have posted over 100,000 articles and events to the sites in 2007 alone.

In this growth phase, AmericanTowns has also been reaching out to other best-in-class partners. “Our mission is to put the best local resources and information at the fingertips of local citizens, while letting the community add to that,” stressed Ted Buerger, chairman of AmericanTowns, who also is responsible for the Company’s strategic relationships. “We’ll share our content with other pro-community sites and let them share their best content with our users. Sharing is what community is all about.”

About AmericanTowns
AmericanTowns is a national network of community-based websites where residents can find and share local information, and includes the nation's most extensive online database of community events, community groups, local resources and special tools for organizations. For each of 15,000 US towns (total population: 270 million), AmericanTowns has created a "community webspace" to connect citizens, community organizations and locally-focused businesses and to strengthen the bonds of the local community. With its national growth in 2007, AmericanTowns has featured more than 10 million community events, and offers powerful tools to help more than 100,000 listed community organizations interact more effectively with local citizens. Founded in 2000, AmericanTowns is headquartered in Fairfield, Connecticut. Visit www.AmericanTowns.com.