LiveDeal Announces Recent $1 Million Investment by Isaac Capital Group, LLC
LAS VEGAS, NV -- (Marketwired) -- 05/14/13 -- LiveDeal, Inc.
(NASDAQ: LIVE), a provider of marketing solutions that boost customer
awareness and merchant visibility on the Internet, announced today
that Jon Isaac, the Company's President and Chief Executive Officer,
invested $1 million in the Company's common stock during the
quarterly period that ended on March 30, 2013.
Mr. Isaac's investments were made through Isaac Capital Group, LLC
("ICG") using his personal funds. Including the recent purchases,
which were made through the conversion of promissory notes issued by
the Company pursuant to a previously disclosed Note and Warrant
Purchase Agreement, Mr. Isaac has now invested more than $2 million
in LiveDeal since December 2011. He has not sold any shares of the
Company's common stock to date.
As President and CEO of the Company and a member of its Board of
Directors, Mr. Isaac has played a central role in the research,
development, and implementation of LiveDeal's Velocity Local brand,
the nation's first Internet Marketing solution offered under a
pay-as-you-go managed service model. The comprehensive Velocity Local
service includes search engine marketing, social media marketing,
website design and maintenance. Also included in the service is
custom branded mobile app development complete with a broad range of
interactive features -- from mapping to mobile click-to-call.
"We will continue in our drive toward corporate growth and expansion
throughout 2013, with a strong leadership team in place," Mr. Isaac
explained. "This investment will support the next phase of growth for
the Velocity Local brand including an aggressive national marketing
and sales campaign. It will also be used to advance development
initiatives for innovative technologies that help small businesses
better compete in the changing marketing and advertising landscape."
The Company continues to evaluate its business strategy to align its
products and services with the dynamic needs of small- and
medium-sized businesses. "I am confident and optimistic about the
direction the Company is heading in the months and years ahead," Mr.
About LiveDeal, Inc.
LiveDeal, Inc. provides marketing s
olutions that boost customer
awareness and merchant visibility on the Internet. LiveDeal recently
launched two new business lines under new management after a period
of re-evaluating the company's sales program, products, distribution
methods, and vendor programs. In November 2012, LiveDeal commenced
the sale of marketing tools that help local businesses manage their
online presence under the company's Velocity Local(TM) brand, which
LiveDeal refers to as online presence marketing. Previously, in
August 2012, LiveDeal commenced sourcing local deal and activities to
strategic publishing partners under its LiveDeal(R) brand, which the
company refers to as promotional marketing. LiveDeal continues to
actively develop, revise, and evaluate these products and services
and its marketing strategies and procedures. For more information,
Forward-Looking and Cautionary Statements
This press release contains "forward-looking" statements that are
based on present circumstances and on LiveDeal's predictions with
respect to events that have not occurred, that may not occur, or that
may occur with different consequences and timing than those now
assumed or anticipated. Such forward-looking statements, including
any statements regarding the plans and objectives of management for
future operations or products, the market acceptance or future
success of our products, and our future financial performance, are
not guarantees of future performance or results and involve risks and
uncertainties that could cause actual events or results to differ
materially from the events or results described in the
Forward-looking statements are made only as of the date of this
release and LiveDeal does not undertake and specifically declines any
obligation to update any forward-looking statements. Readers should
not place undue reliance on these forward-looking statements.
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