December 20th, 2004

SpeculatingStocks.com Stock Pick: Interchange Corp (INCX)

Price: $22.11 (short-term strong buy)

Interchange Corporation is a leading provider of local and national paid-search services. Their Local Direct(TM) search and advertising platform delivers geographically targeted search results to consumers.

INCX has begun to form a base at $22.00 after hitting $31.00 in late November. When volume starts to pick up once again, INCX will easily trump its all time high of $31.77.

INCX currently has a market cap of $154 million with 7 million shares outstanding and only 3.2 million shares in the float. This company is in a hot industry, local search, and appears to be very undervalued. Local search is the next great frontier for paid-search and Interchange has the solution.

The company's revenue for the third quarter was $5.38 million up 150% from the same period last year. Net income was $288,000. Interchange is growing rapidly and profitably.

SpeculatingStocks.com Target Price: We expect INCX to exceed $32.00 within the next 1-2 months.