This promotion recognizes the considerable contribution Bruce has made to our company's transition to local search since joining us in the third quarter of 2005. He has put in place the structure needed to achieve our goal of being #1 in local search. Our team has a much tighter focus and the authority and accountability they need to achieve our objectives.

Most importantly of all, Bruce has built a talented and complete leadership team capable of executing our long-term vision, with a focus on delivering value to our shareholders.