Fairfield, Conn. - AmericanTowns.com, a network of local community-oriented websites, has received a strategic investment of undisclosed amount from Idearc Media, the Dallas-based publisher of Verizon Yellow Pages.

In connection with the deal, Idearc has acquired the LocalSearch.com URL for $3.3 million.

AmericanTowns.com was founded in 2000.

The company plans to use the investment proceeds from Idearc to continue growing its database, which is projected to feature over 10 million local events this year.

AmericanTowns.com will expand its hyper-local offering to more than 22,000 U.S. towns this year, Idearc said.

Related Links:
http://www.idearc.com

http://www.americantowns.com