INCX Interchange

Interchange Corp. (Nasdaq:INCX), owner of Local.com, a leading local-search engine, today announced the appointment of Lee Siegfried as the company's vice president of Engineering. In his new role, Siegfried will lead the engineering organization of the company and define, build and support all online and account management systems, as well as manage ongoing local-search R&D. He will report directly to the company's COO, Bruce Crair. Siegfried brings over 25 years of experience in development, product and operational experience to the management team. Most recently, he was COO at Future Trade, a web-based electronic stock broker where he was responsible for engineering, QA, product management, operations and IT. Previously, he was vice president of technology at DHL Worldwide Express, where he was responsible for building their U.S. domestic business, including the integration of Airborne Express after its acquisition in 2003. Before DHL, he spent nine years at Instinet where he served as senior vice president of global client and technology services and managed their IT and client services organizations. "Local search is a rapidly evolving market and I am excited about the challenges and opportunities to help Interchange create and deliver new Local.com products and services," Siegfried said. "We have several products and continual system enhancements under development and Lee's role is to ensure that our technology platform supports our growth plans," said Crair. "Lee's track record makes him the ideal candidate to lead our technology strategy and initiatives, and we welcome him to the team." Siegfried holds a B.S. degree in business administration from California State University, Hayward. About Interchange Interchange Corp. (Nasdaq:INCX) owns Local.com (www.local.com), a leading local-search engine that has grown to over 8 million visitors per month and is powered by the company's proprietary Keyword DNA(TM) and local-web indexing technologies. The company serves local and national Internet, wireless and operator-assisted local-search markets in the United States and Europe. Interchange generates revenue principally from paid-search advertising. The company recently launched a domain syndication network in the United States, and has launched Local.com in the U.K. and plans to expand in various global markets during 2006. The company has headquarters in Irvine, with European headquarters in Stockholm, Sweden. For more information on Interchange, please visit: www.interchangeusa.com.