LiveDeal, Inc. Appoints Jon Isaac as President and CEO for $1 Per Year Salary

LAS VEGAS--(BUSINESS WIRE)-- LiveDeal, Inc. (NASDAQ: LIVE), a provider of web-based customer acquisition and related products for small and local businesses, announced today that it has appointed Jon Isaac, head of Isaac Capital Group (www.isaac.com), a privately held investment company in San Diego, California, as its President and Chief Executive Officer, effective as of January 12, 2012. Mr. Isaac has served on LiveDeal's Board of Directors since December 12, 2011.

"As a measure of my confidence in LiveDeal and its significant growth potential, I have agreed to a take a salary of $1.00 per year," commented Mr. Isaac. "As a fellow shareholder in the Company, I have a vested interest in driving the success of the Company. My primary goal is to achieve profitability and increase shareholder value. My plan is to focus on increasing sales of LiveDeal's existing product lines, while developing new products and reducing overall expenses. With this new plan, the company can possibly achieve a turnaround to profitability within a short period of time. I hope that my fellow shareholders will share in my excitement for the next chapter of LiveDeal, Inc."

Read More

LiveDeal Announces Receipt of NASDAQ Compliance Determination

LAS VEGAS--(BUSINESS WIRE)-- LiveDeal, Inc. (NASDAQ: LIVE), a provider of web-based customer acquisition and related products for small local businesses, today announced that it has received written notification from The NASDAQ Stock Market LLC ("NASDAQ") indicating that the Company's securities will continue to be listed on The NASDAQ Capital Market based upon the Company's compliance with all applicable requirements for continued listing on The NASDAQ Capital Market, including the $1 million market value of publicly held shares requirement. In that regard, as of the close of business on December 27, 2011, the Company evidenced a market value of publicly held shares of approximately $4.7 million, and had evidenced a market value of publicly held shares in excess of $1 million for 10 consecutive business days. Accordingly, the matter is now closed.

Read More

LiveDeal Regains Compliance with NASDAQ Equity Requirement

LAS VEGAS--(BUSINESS WIRE)-- LiveDeal, Inc. (NASDAQ:LIVE), a provider of web-based customer acquisition and related products for small local businesses, today announced that it has received written notification from The NASDAQ Stock Market LLC ("NASDAQ") indicating that the Company's securities will continue to be listed on The NASDAQ Capital Market based upon the Company's compliance with the terms of a NASDAQ Listing Qualifications Panel decision, which required the Company to evidence compliance with the applicable minimum stockholders' equity requirement of $2.5 million by December 12, 2011. Accordingly, the NASDAQ hearing process is now closed.

Read More

LiveDeal Completes Equity Financing

Anticipates Compliance with NASDAQ Listing Requirements

LAS VEGAS--(BUSINESS WIRE)-- LiveDeal, Inc. (NASDAQ: LIVE), which provides Internet-based local customer acquisition services and related products for small local businesses to extend their marketing reach, today announced that five unaffiliated investors purchased equity for an aggregate cash purchase price of $2.0 million. The Company issued a total of 1,612,899 new shares of its common stock in connection with the transaction at a price of $1.24 per share, which was equal to the closing bid price of the common stock as reported on NASDAQ on the date of the transaction.

Kevin Hall, LiveDeal CEO, said, "We are extremely pleased to welcome our new investors to LiveDeal, Inc. We look forward to a long and profitable working relationship. Our new investors bring impressive skills and experience in formulating viable business strategies and building profitable businesses."

Read More

NASDAQ Panel Grants LiveDeal's Request for Continued Listing

LAS VEGAS--(BUSINESS WIRE)-- LiveDeal, Inc. (NASDAQ: LIVE), a provider of web-based customer acquisition and related products for small local businesses, today announced that, on October 19, 2011, the Company received notice that the NASDAQ Listing Qualifications Panel (the "Panel") determined to grant the company's request for continued listing on The NASDAQ Capital Market, subject to the company's demonstration of compliance with the applicable minimum stockholders' equity requirement of $2.5 million by November 30, 2011.

Read More

LiveDeal Announces Fiscal Year 2011 Third Quarter Earnings Call

Conference Call Scheduled for Thursday, August 25, 2011

LAS VEGAS--(BUSINESS WIRE)-- LiveDeal, Inc. (NASDAQ: LIVE), a provider of web-based customer acquisition and related products for small local businesses, announced on August 15 its financial results for the fiscal year 2011 third quarter. LiveDeal will host a conference call Thursday, August 25 at 4:15 p.m. EDT (1:15 p.m. PDT) to discuss these results. Dial-in information is provided below.

Read More

LiveDeal Secures Additional Commitments from Foreign Equity Investors

Company Submits Plan to Regain Compliance with NASDAQ Listing Rules

LAS VEGAS--(BUSINESS WIRE)-- LiveDeal, Inc. (NASDAQ: LIVE), a provider of web-based customer acquisition and related products for small local businesses, announced today its receipt of an executed term sheet from a prospective investor based in Japan ("Investor"), setting forth certain terms and conditions of a proposed $1,500,000 investment in LiveDeal.

The term sheet, which is legally non-binding, provides that Investor and certain co-investors would purchase an aggregate of 600,000 newly issued shares of LiveDeal's common stock at a purchase price of $2.50 per share.

Read More

LiveDeal, Inc. Announces Fiscal Year 2011 Second Quarter Earnings Call

Conference Call Scheduled for Thursday, May 19, 2011

LAS VEGAS--(BUSINESS WIRE)-- LiveDeal, Inc. (NASDAQ: LIVE), a provider of web-based customer acquisition and related products for small local businesses, announced yesterday its financial results for the fiscal year 2011 second quarter. LiveDeal will host a conference call Thursday, May 19 at 4:15 p.m. EDT (1:15 p.m. PDT) to discuss these results. Dial-in information is provided below.

Fiscal 2011 Second Quarter Financial Results

For the second quarter of fiscal 2011, total revenue was $1.118 million, compared to $1.102 million in the same quarter of fiscal 2010. The Company reported a net loss for the quarter of $2.314 million, or a net loss of $3.70 per fully diluted share.

Read More

LiveDeal Announces the Appointment of Kevin Hall as Chief Executive Officer

LAS VEGAS--(BUSINESS WIRE)-- LiveDeal, Inc. (NASDAQ: LIVE), a provider of web-based advertising and marketing services for small and medium-sized local businesses (SMB), announced today that it has appointed Kevin Hall as its new Chief Executive Officer (CEO). Mr. Hall previously held the position of President and Chief Operating Officer.

"Kevin's demonstrated strong leadership, combined with his knowledge and vision for the company, fully support his appointment as LiveDeal's CEO. Kevin's broad business experience will be integral as Kevin navigates the path that will lead LiveDeal on the road forward to a brighter future," said Tom Clarke, Director and Chairman of the Compensation Committee. "The Board and I look forward to working with Mr. Hall in his new capacity to execute LiveDeal's plans in increasing shareholder value."

"It is extremely exciting to be in a position to lead LiveDeal to the next level," said Kevin Hall, the new Chief Executive Officer. "I appreciate the Board's confidence in me, and look forward to helping the Company pursue the growth opportunities now available to it, and bringing the Company back to profitability."
 

Read More

LiveDeal Secures Additional Commitments from Foreign Equity Investors

LAS VEGAS--(BUSINESS WIRE)-- LiveDeal, Inc. (NASDAQ: LIVE), a provider of web-based advertising and marketing services for small and medium-sized local businesses (SMB), announced today that it has appointed Kevin Hall as its new Chief Executive Officer (CEO). Mr. Hall previously held the position of President and Chief Operating Officer.

"Kevin's demonstrated strong leadership, combined with his knowledge and vision for the company, fully support his appointment as LiveDeal's CEO. Kevin's broad business experience will be integral as Kevin navigates the path that will lead LiveDeal on the road forward to a brighter future," said Tom Clarke, Director and Chairman of the Compensation Committee. "The Board and I look forward to working with Mr. Hall in his new capacity to execute LiveDeal's plans in increasing shareholder value."

Read More

Annual Stockholders Meeting Adjourned until April 22, 2011

LAS VEGAS--(BUSINESS WIRE)-- LiveDeal, Inc. (NASDAQ: LIVE), a Las Vegas-based provider of Internet marketing services for small businesses, announced today that it has secured additional commitments from foreign equity investors to invest up to $150,000 in the Company over the next three months.

The six new investors, which are Japanese investment entities, each agreed to purchase $25,000 worth of newly issued common stock from LiveDeal by a specified date under a stock purchase agreement entered into on March 22, 2011. The number of shares to be issued by the company to each investor will depend on the average closing price of LiveDeal's common stock for the 90-day period immediately preceding the investment. The actual purchase price will be a premium to that 90-day average.

Kevin A. Hall, LiveDeal's President and Chief Operating Officer, stated, "We appreciate our investors' continued confidence in LiveDeal and our management team. These additional investments will provide liquidity and working capital as we continue our efforts to improve the company's operating results in 2011." 

Read More

LiveDeal Secures Additional Commitments from Foreign Equity Investors

Annual Stockholders Meeting Adjourned until April 22, 2011

LAS VEGAS--(BUSINESS WIRE)-- LiveDeal, Inc. (NASDAQ: LIVE), a Las Vegas-based provider of Internet marketing services for small businesses, announced today that it has secured additional commitments from foreign equity investors to invest up to $150,000 in the Company over the next three months.

The six new investors, which are Japanese investment entities, each agreed to purchase $25,000 worth of newly issued common stock from LiveDeal by a specified date under a stock purchase agreement entered into on March 22, 2011. The number of shares to be issued by the company to each investor will depend on the average closing price of LiveDeal's common stock for the 90-day period immediately preceding the investment. The actual purchase price will be a premium to that 90-day average.

Kevin A. Hall, LiveDeal's President and Chief Operating Officer, stated, "We appreciate our investors' continued confidence in LiveDeal and our management team. These additional investments will provide liquidity and working capital as we continue our efforts to improve the company's operating results in 2011." 

Read More

Local Marketing Experts Exhibits at Catersource 2011

LAS VEGAS--(BUSINESS WIRE)--Local Marketing Experts, a subsidiary of LiveDeal Inc. (NASDAQ:LIVE), exhibited at the Catersource 2011 Conference & Tradeshow, held on March 1 & 2 at the Las Vegas Convention Center in Las Vegas, Nevada. The 18th annual Catering Tradeshow brought together more than 8,000 catering and event professionals, operators, industry leaders, and suppliers in search of the newest, latest and best products on the market. At the show, Local Marketing Experts introduced event-goers to a variety of cutting-edge web marketing products from custom website design to display advertising, search engine marketing and social media tools to online video solutions, and more.

"Catersource was a terrific experience for us and we certainly enjoyed attending one of the nation's top catering industry events," says Kevin Hall, LiveDeal President & COO. "Our goal is to make online marketing simple for small businesses. We were excited to share our success helping catering companies grow their business." 

Read More

Velocity Marketing Concepts’ InstantProfile Passes 5,000 Customer Milestone

Small Business Customer Base Shows Strong Growth

LAS VEGAS--(BUSINESS WIRE)--Velocity Marketing Concepts, Inc., a subsidiary of LiveDeal Inc. (NASDAQ: LIVE) and provider of on-demand, self-service marketing solutions for the small to medium business, reported it now provides services to more than 5,000 new customers. These results were achieved since sales began in November 2010 of its InstantProfile® product.

"We are proud of InstantProfile’s success and rapid customer growth," said Kevin Hall, President and COO of LiveDeal. "We are even prouder of the tremendous value and outstanding service we provide our clients. InstantProfile serves as our entry level, subscription product for the business owner seeking to publish and control information about their services across a growing network of the most popular online properties and navigational devices.” InstantProfile syndicates business information to top search engines, navigational devices and local online destinations. Businesses can also manage their social network presence and use convenient cloud-based productivity tools to collaborate and share information.

Read More

LiveDeal Announces Strategic Reduction in Force of Sales and Marketing Personnel

Decision is Part of Ongoing Restructuring Efforts as Company Focuses Resources on Core Business

LAS VEGAS, Dec 6, 2010 (BUSINESS WIRE) -- LiveDeal, Inc. (NASDAQ: LIVE), a Las Vegas-based provider of Internet marketing services for small businesses, announced today that it has eliminated 36 positions, all of which were held by personnel responsible for the sales and marketing of the company's InstantPromote product through its subsidiary Local Marketing Experts, Inc.

"In the last several weeks, sales of our InstantProfile product, our subscription-based 360-degree solution, designed to give small and medium-sized businesses the ability to advertise on the Internet and communicate with their customers, have increased substantially and demonstrated tremendous potential," stated Kevin A. Hall, President and Chief Operating Officer of LiveDeal. "Making these cuts will allow us to focus additional resources on the further development and expansion of our core InstantProfile product and its companions while we continue to service our existing InstantPromote customers."

Read More

LiveDeal Secures Financial Commitment from Foreign Equity Investor

LAS VEGAS, Dec 3, 2010 (BUSINESS WIRE) -- LiveDeal, Inc. (NASDAQ: LIVE), a Las Vegas-based provider of Internet marketing services for small businesses, announced today that it has secured a commitment from a new investor to invest up to $200,000 in the Company over the next three months.

The new investor, a Japanese investment entity, has agreed to purchase up to $200,000 worth of newly issued common stock from LiveDeal in four installments of $50,000 each. The number of shares to be issued by the company in each installment will depend on the average closing price of LiveDeal's common stock for the 90-day period immediately preceding the date on which the applicable installment is completed. The actual purchase price will be a premium to that 90-day average. In the first installment, the company will issue 8,000 shares of common stock for an aggregate purchase price of $50,000 (equal to $6.25 per share). The final three installments are scheduled to close on or before December 25, 2010, January 25, 2011, and February 25, 2011, respectively.

Read More

LiveDeal launches Custom Video option as part of its InstantVideo solution

LAS VEGAS, Oct 14, 2010 (BUSINESS WIRE) -- LiveDeal, Inc. (NASDAQ: LIVED), a Las Vegas based provider of Internet marketing services for small businesses launches a custom video option as an enhancement to its InstantVideo® solution.

The custom InstantVideo solution delivers a 60 to 90 second website video based on video filmed at a small business’s office or job site. This enhanced, custom InstantVideo package delivers two hours of on-site filming and up to three interviews or filming based on script and also includes music and professional talent voice over and video editing to produce the final polished video. This customized video product is supported by being posted on the small business’s website and YouTube and gives the customer the ability to share the video with customers, friends and family.

Read More

LiveDeal Regains Compliance with Rules for Continued Listing on NASDAQ Capital Market

LAS VEGAS, Sep 29, 2010 (BUSINESS WIRE) -- LiveDeal, Inc. , a provider of Internet marketing services for small businesses, announced today that it has regained compliance with the $1.00 per share minimum bid price requirement set forth in the rules for continued listing of the company's common stock on the NASDAQ Capital Market.

As previously disclosed, on April 8, 2010, LiveDeal received notice from NASDAQ that the bid price of its common stock had fallen below $1.00 for 30 consecutive business days and was, therefore, not in compliance with NASDAQ Listing Rule 5550(a)(2). LiveDeal was provided a 180-day grace period, scheduled to expire on October 5, 2010, to regain compliance by posting a closing bid price of $1.00 per share or higher for a minimum of 10 consecutive business days. The company implemented a 1-for-10 reverse stock split, which became effective on September 7, 2010, to regain compliance. On September 21, 2010, NASDAQ notified LiveDeal that the company had regained compliance with Listing Rule 5550(a)(2) by posting a closing bid price per share of $1.00 or greater from September 7, 2010 to September 20, 2010. NASDAQ also confirmed that the matter is now closed.

Read More

LiveDeal Launches InstantDisplay As Part Of Its InstantAgency Suite Of Products

LAS VEGAS, Sep 16, 2010 (The Street) -- LiveDeal, Inc. (NASDAQ: LIVED), a Las Vegas-based provider of Internet marketing services for small businesses, launches InstantDisplay as one more way to deliver hassle-free, agency quality products to the small business customer at a price point they can afford.

Display Advertising is defined as paid ad placements using graphical or rich media ad units within a web page to achieve the goals of delivering brand awareness, familiarity, and purchase intent . InstantDisplay, LiveDeal’s Display Advertising product, serves attractive banner ads that are targeted by location to drive local buyers to small business customers’ websites. The package includes the creation of the banner ads in addition to the ad placement. Display advertising, through InstantDisplay, is one of the best ways to brand a small business with potential customers or previous website visitors. It is an essential companion product to the InstantPromote Search Engine Marketing package. Display Advertising coupled with Search Engine Marketing lifts Search conversion rates 22% over Search Engine Marketing alone according to the Atlas Institute.

“InstantDisplay just makes sense in terms of the next set of products we want to offer the small business. The average consumer spends 32.7 hours per week on the Internet versus 16.4 hours watching TV or 3.9 hours reading newspapers and magazines, according to the International Data Corp. Small businesses need to advertise online and to enhance that advertising in order to reach the maximum potential customers in their local area,” explained Kevin Hall, President and COO of LiveDeal.

For more information on additional products and services, visit us at www.livedeal.com. This press release may include statements that constitute “forward-looking statements,” which are often characterized by the terms “may,” “believes,” “projects,” “expects,” or “anticipates,” and do not reflect historical facts. Forward-looking statements involve risks, uncertainties and other factors that may cause actual results, performance or achievements of LiveDeal, Inc. and its subsidiaries to be materially different from those expressed or implied by such forward-looking statements.

Read More

LiveDeal Announces Reverse Stock Split

Initial Case Studies Show LiveDeal Customer's Online Marketing Performance is up 40%

LAS VEGAS, Sep 07, 2010 (BUSINESS WIRE) -- LiveDeal, Inc. (NASDAQ: LIVE), a provider of web-based customer acquisition services for small businesses, announced today that, effective as of the opening of trading this morning, the company has completed a 1-for-10 reverse stock split. Accordingly, every 10 shares of the company's common stock have been combined into one share of common stock. Any fractional share that results from the reverse stock split will be rounded to the next whole share.

The reverse stock split affects all of LiveDeal's outstanding common stock. In addition, the number of shares of common stock that LiveDeal is authorized to issue was reduced to 10 million in connection with the reverse stock split.

The impact of the reverse stock split will be reflected in the company's share price beginning today. LiveDeal's common stock will trade under the symbol "LIVED" for a period of 20 trading days as a result of the reverse stock split. LiveDeal's common stock will also trade under a new CUSIP number.

LiveDeal's shareholders of record will receive instructions from its transfer agent, Registrar and Transfer Company, regarding the procedures for exchanging their stock certificates in connection with the reverse stock split. Shareholders are encouraged to surrender their stock certificates in connection with the reverse stock split. Those shareholders who hold their LiveDeal common stock in "street name" will receive instructions from their broker if they need to take any action in connection with the reverse stock split.

The company's Board of Directors approved the reverse stock split to help LiveDeal regain compliance with the $1.00 minimum bid price requirement for continued listing on the NASDAQ Capital Market.

Read More
 

LiveDeal Announces Customer Success with InstantPromote(R)

Initial Case Studies Show LiveDeal Customer's Online Marketing Performance is up 40%

LAS VEGAS, Aug 19, 2010 (BUSINESS WIRE) -- LiveDeal, Inc. (NASDAQ: LIVE), a Las Vegas based provider of Internet marketing services for small businesses, reports customers using the new InstantPromote(R) product are seeing click to call rates on average of 10.73%. Industry average is 7-10%.

"Our business had just relocated from Honda to the Dallas, TX area. Upon going with Local Marketing Experts (LME), our business has grown so much that I am putting in 10-12 hour days. My customers tell me that Abel Appliance (Repair) is popping up everywhere on the Internet. Thank you LME!" said Larry Garner, Owner of Abel Appliance Repair.

For small business owners looking for more than basic advertising and trying to figure out how to eliminate wading through a complex and confusing array of advertising choices, InstantPromote acts like an agency at a fraction of the cost with agency-level access to online advertising. InstantPromote provides the marketing expertise to reach and retain customers at a fraction of the price of individually purchased products and services. The InstantPromote package includes Search Engine Marketing (SEM) services, a website (if needed) and a website video.

Read More
 

LiveDeal Launches InstantVideo As Part of Its InstantAgency Suite of Products

LAS VEGAS, Aug 05, 2010 (BUSINESS WIRE) -- LiveDeal, Inc. (NASDAQ: LIVE), a Las Vegas based provider of Internet marketing services for small businesses, launches InstantVideo as one more way to deliver agency quality products to the small business customer.

InstantVideo delivers hassle-free website video production and hosting at a price point a small business can afford. The package includes a 30-second, custom video as well as listings on social websites such as YouTube, Google Video or Veoh as part of the video package. InstantVideo also includes: professional voice talent, relevant stock photos or photos provided by the customer, and the ability to share the video with friends.

Read More

LiveDeal Announces the Selection of One of Its Board Members, Sheryle Bolton, as a 2010 Director to Watch by Directors & Boards Magazine

LAS VEGAS, Jul 19, 2010 (BUSINESS WIRE) -- LiveDeal, Inc. (NASDAQ: LIVE), a Las Vegas-based provider of Internet marketing services for small businesses, is pleased to announce that one of its members of the Board of Directors, Sheryle Bolton, has been selected as a 2010 Director to Watch by Directors & Boards Magazine. Bolton has been a member of the Board of Directors of LiveDeal since October of 2008.

"The LiveDeal management and staff congratulate Sheryle Bolton on this accomplishment and acknowledgement of her outstanding leadership in corporate governance," explained Kevin Hall, President and COO of LiveDeal.

Read More

Local Marketing Experts Joins Local Leaders at the Las Vegas Chamber Business Expo

LAS VEGAS, Jun 22, 2010 (BUSINESS WIRE) -- Local Marketing Experts, Inc. a subsidiary of LiveDeal, Inc. (NASDAQ: LIVE), will join the Las Vegas Chamber on June 23, 2010, from noon to 5 p.m. for the annual Las Vegas Chamber Business Expo at the World Market Expo Center. Event attendance is expected to exceed 1,700, and there will be over 200 booths and exhibits representing a wide cross section of the Chamber's member businesses. Only Las Vegas Chamber of Commerce members in good standing can exhibit at Business Expo, making it an exclusive opportunity.

"Our goal is to make online marketing simple for local businesses, and it just makes sense to start by becoming more involved with our own local community," said Kevin Hall, LiveDeal President and COO.

Read More

LiveDeal Announces InstantAgency® for Small Businesses

Access to Agency Quality at Affordable Price

LAS VEGAS, Jun 08, 2010 (BUSINESS WIRE) -- LiveDeal, Inc. (NASDAQ: LIVE), a Las Vegas-based provider of Internet marketing services for small businesses, announces the launch of InstantAgency®, a suite of powerful online advertising and marketing tools that give small businesses access to agency quality at an affordable price. InstantAgency simplifies online marketing while increasing marketing presence.

LiveDeal customers are small business owners who work 24/7 to deliver real value to their customers in their own communities with little time left over to craft the powerful, multi-faceted, online marketing and advertising programs that today's world demands. LiveDeal has stepped up to this challenge, drawing from a decade of experience as a directory provider, to launch the first two products in InstantAgency's suite, InstantProfile® and InstantPromote®.

Read More

LiveDeal Names Kevin Hall as President and Chief Operating Officer

Board Endorses New Management Team

LAS VEGAS, May 20, 2010 (BUSINESS WIRE) -- LiveDeal, Inc. (NASDAQ: LIVE ), a provider of web-based customer acquisition services for small businesses, announced today that Kevin Hall, previously named interim COO, has been officially named President and Chief Operating Officer, effective immediately. The Board of Directors is proud to announce their endorsement of Kevin Hall.

"Kevin Hall has brought a great amount of stability and overall vision to the company in a short amount of time. We are excited that Kevin has taken on this role and believe he will drive the company forward in a positive and methodical manner," said Sheryle Bolton, a member of the LiveDeal Board of Directors.

Larry Tomsic continues to lead the company as Chief Financial Officer. "Together, we believe we have the right leadership in place to drive the company forward," Bolton added.

About Kevin Hall

Mr. Hall, 46, had served as LiveDeal's General Counsel and Vice President of Human Resources and Business Development since April 2009. Prior to that time, Mr. Hall was a partner in the San Francisco, California and New York, New York offices of Reed Smith LLP, an international law firm with more than 1,500 attorneys worldwide, from 2006 until 2008. Previously, he was a senior associate and later a partner in the New York, New York office of Linklaters, a London-based global law firm, from 1998 until 2006. Mr. Hall, who is admitted to practice law in California and New York, specializes in general corporate law, finance, structured finance, and other complex commercial and financial transactions (including mergers and acquisitions). He holds a B.A. in History and French Literature from Columbia College, a Master's Degree in International Affairs from Columbia University, and a law degree from Cornell School of Law.

Read More