the end, page-4

As always smuggler. you have proven to be 100% wrong !
Since your previuosly misguided and malice post Looksmart have achieved the following.

* They bought back $22 million worth of their own stock to leave approx 16 million shares in the company.

* Terri Dial (a director of Looksmart) bought $245,000.00. worth of stock on the open market in late February.

*Institutional ownership is a record high of 75%

*After the buy back of shares they still have $36 million in cash and NO debt.

*They still have two assets that do not currently contribute to earnings but are worth 10's of millions (wisenut & Furl.net) that are up for sale (which will boost cash reserves even further.

*They just recorded record sales for Q1 of $17.5 million UP 33% from 2007.

* New business model in a industry that still has ten years of growth ahead of it (looksmart is no longer a search engine).

The sad thing is, you and your mate quiktrade have spent countless hours bashing Looksmart on the Yahoo forum only to give yourselves a bad name in the investment community.
Looksmart are coming off a very low earnings base in a market where advertisers are looking for alternatives to Googles adsense, I have no doubt the stock will double in price in 2008, and does have the potential to hit $20 per share inside two years.

LookSmart Announces Preliminary First Quarter 2008 Revenue Results
Wednesday April 9, 4:05 pm ET


SAN FRANCISCO--(BUSINESS WIRE)--LookSmart, Ltd. (NASDAQ: LOOK - News), an online search advertising network and technology solutions company, today announced that, based on a preliminary evaluation of the first quarter of 2008, the Company expects to report total revenue of between $17.4 million and $17.7 million, which represents a 32% - 34% increase over first quarter 2007 revenue of $13.2 million (which included $1.3m derived from certain of the Company’s consumer assets sold or retired in 2007). This result is preliminary and therefore subject to change. The Company is still in the process of completing its review of first quarter operating results, and therefore does not yet have visibility into other results of operations information.
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“We are very pleased with our preliminary first quarter 2008 revenue results which reflect the strong growth in paid clicks delivered on our Advertiser Network, as well as on behalf of our publisher clients, particularly in light of the recent results reported for the broader industry and for comparable search advertising networks,” commented Ted West, President and Chief Executive Officer. “We attribute our strong relative performance, in a challenging market environment, to LookSmart’s focus on delivering superior value to search advertisers.”

Mr. West continued, “While we are pleased with the strong first quarter growth rate, we cannot predict whether this growth rate will continue.”

The revenue growth was largely driven by a growth in total paid clicks of approximately 62% year-over-year and 30% sequentially over the fourth quarter of 2007. The Company’s Advertiser Network delivered total paid clicks of approximately 152 million in the first quarter of 2008. LookSmart continues to manage the Advertiser Network to establish an optimal balance between paid click growth, traffic acquisition costs, and revenue per click. During the first quarter of 2008, the Company focused on expanding the scope of the Advertiser Network in order to maximize top line revenue growth and to increase gross contribution. As such, the Company made a deliberate operating decision to grow paid clicks, while accepting somewhat lower cost per click within the Advertiser Network, in order to achieve these objectives.

LookSmart First Quarter 2008 Earnings Call

The Company expects to report its financial results for the first quarter ended March 31, 2008, on Tuesday, May 6, 2008, at which time the Company will hold its quarterly conference call to discuss results. Details for the call will be announced shortly.