By The Canadian Press

LONDON, Ont. - Visual data company iLookabout Corp. (TSXV:ILA) credits news sales agreements for more than doubling third-quarter revenues and helping to narrow its quarterly loss.

The company posted a loss of $408,684 for the period ended Sept. 30, an improvement over the $1.5 million it lost in the corresponding period in 2008. Per share figures were not given.

ILookabout said revenues for the quarter were $569,526, up from $212,233 in the year-ago period.

"The company's success to date in 2009 in securing new sales agreements has driven revenue from $579,666 for the nine months ended Sept. 30, 2008, to $1,551,927 for the same period in 2009, representing 168 per cent growth," iLookabout said in a news release.

Losses for the first nine months of 2009 totalled $1,496,267 compared with $3.1 million for the first nine months of 2008.

During 2009, iLookabout evolved its business by completing the capture of a "critical mass" of data for the Canadian market, maturing its StreetScape technology platform, implementing aggressive cost containment measures, and recently completing an equity private placement yielding gross cash proceeds of $2.2 million and net proceeds of $1.9 million.

"The company is now in a position to shift its primary focus to sales, channel and partnership activities with the goal of driving significant revenue over the next year," it said.

iLookabout is a visual data intelligence company serving commercial enterprise in the real estate, insurance, municipal, utility, assessment and appraisal sectors in North America and Europe.

The company's shares were off one cent at 54 cents in early afternoon trading Wednesday on the TSX Venture Exchange.