Crair Named President & COO of Interchange

Interchange Corporation (Nasdaq:INCX), owner and
operator of Local.com, a leading local Internet search site, announced
today that Bruce Crair has been named President of the company in
addition to his existing post as Chief Operating Officer.
   Crair is responsible for overseeing the company's day-to-day
operations, including technology and product development, marketing,
business development and implementing the strategic plan. He continues
to report to Heath Clarke, Interchange Chairman and Chief Executive
Officer.
   "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," Clarke said. "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," Clarke added.
   Prior to joining Interchange last July, Crair was co-founder and
COO of ZeroDegrees, Inc., which was purchased by IAC/InterActiveCorp
in 2004 with Crair remaining active in the company until April 2005.
Prior to ZeroDegrees, Crair served as CEO of Technology
Transformation, a management consulting company. From 1999 to 2001,
Crair was president and COO for eVoice, Inc., an integrated IP
telephony services company, which was purchased by America Online in
2001. Prior to eVoice, Crair served as president and COO of Micro
General, a public spin-off of Fidelity National Financial, Inc.
   Crair earned his bachelor's degree in physics from the United
States Naval Academy and his MBA in corporate strategy and
international business from the University of California, Berkeley.

   About Interchange

   Interchange Corporation (Nasdaq:INCX) owns and operates Local.com
(www.local.com), a leading local-search engine that now draws more
than 8 million visitors per month seeking information on local
businesses, products and services. Local.com 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 associated with its local web searches. The company
recently launched a domain syndication network in the United States,
launched Local.com in the United Kingdom and plans to expand into
additional markets during 2006.
   The company is headquartered in Irvine, California, with European
headquarters in Stockholm, Sweden. For more information on
Interchange, please visit: www.interchangeusa.com.