July 17, 2012

LookSmart Announces Display Capabilities

Search Marketing Network Adds Display to Product Suite

SAN FRANCISCO, July 17, 2012 (GLOBE NEWSWIRE) -- Today LookSmart (Nasdaq:LOOK) announced the addition of display advertising capabilities to its roster of performance-based search marketing offerings. By leveraging performance data from its search network, LookSmart's display offering will enable advertisers to extend the reach of their performance campaigns, and achieve higher ROI than typical display campaigns that do not benefit from deep conversion data.

Advertisers can buy display advertising on a CPM or CPC basis, and leverage the full power of LookSmart's managed services team to manage real-time bidding, and deep campaign optimization. Existing search network advertisers will benefit from having historical campaign performance data, which will enable LookSmart campaign managers to quickly optimize display campaigns towards performance goals. Advertisers can also buy display only, and benefit from LookSmart's historical platform data to get rapid results.

"We are truly excited about adding display to our advertising solutions," stated LookSmart CEO Jean-Yves Dexmier. "Most of our advertisers rely on display advertising to influence search behavior, generate more queries, and get ROI lift. Now, our delivery team can run display and search campaigns simultaneously, which has the added benefit of starting with rich conversion data to create a higher probability that KPI goals are achieved more quickly."

LookSmart's plans on introducing its display capabilities to its existing advertising base, who can immediately take advantage of historical data to target audiences with a high probability of conversion. With access to the majority of exchange inventory, extensive first party data, and a broad range of third party audience segments, LookSmart's campaign optimization team will model its proprietary search performance data to achieve performance quickly.

"Adding display capabilities is the first of many exciting initiatives we have planned for the company," added Dexmier. "With our robust performance platform, access to billions of daily search queries, and exceptional account and campaign management teams, we are well positioned to deliver performance at scale for direct response advertisers."

About LookSmart, Ltd

LookSmart is an online advertising network solutions company that provides performance solutions for online advertisers and online publishers. LookSmart offers advertisers targeted, performance based advertising via its Advertiser Networks; and an Ad Center platform for customizable private-label advertiser solutions for online publishers. LookSmart is based in San Francisco, California. For more information, visit www.looksmart.com or call 415-348-7500.

The LookSmart, Ltd. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8717

CONTACT: Bill O'Kelly, Senior Vice President Operations and

         Chief Financial Officer

         (415) 348-7208

         bo'kelly@looksmart.net



         ICR, Inc.

         John Mills, Senior Managing Director

         (310) 954-1100

         john.mills@icrinc.com

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Source: LookSmart, Ltd.

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