LiveDeal Announces Higher-Than-Expected Usage Metrics From Breakthrough
Reports 65% of All Visitors Are Mobile, and 30% of Users Return Daily
to livedeal.com; Over 15% of all Restaurants in San Diego Have Agreed
to Participate on livedeal.com; Plans to Expand to Other Major
Metropolitan Cities in Current Quarter
LAS VEGAS, NV -- (Marketwired) -- 10/15/13 -- LiveDeal Inc.
(NASDAQ: LIVE) ("LiveDeal" or the "Company"), a publicly traded
company that operates livedeal.com, an innovative platform using
geo-location to enable businesses to communicate real-time and
instant offers to nearby consumers, today announced an update on its
newly launched livedeal.com business. The Company is pleased to
provide a number of key metrics in the first few weeks since launch,
-- Significantly higher time spent on its site by its visitors than
-- 30% of LiveDeal's user-base is returning to the site on a daily basis;
-- Over 65% of its visitors are mobile users, complementing the ability
to "geotag" a user and deliver the best dining choices to the
-- LiveDeal is now also in demand by well-known, high-quality restaurants
in San Diego.
The Company also announced that it released an update to both desktop
and mobile versions of livedeal.com on October 11 based on feedback
received from both users and restaurants. The Company expects to
expand to four major metropolitan cities by the end of 2013, and
believes that these other cities could have a similar adoption rate
based on LiveDeal's success in the San Diego market.
Jon Isaac, CEO of LiveDeal, stated, "We are elated over our initial
success in our rollout city of San Diego. We are thrilled with the
way restaurants, including well-respected local chains and popular
brands who would not usually run a daily deal, have embraced
livedeal.com. We are also extremely pleased with the percentage of
users who return to our site every day, which we believe demonstrates
that livedeal.com provides a high value proposition for users. We are
entirely committed to seeing livedeal.com expand and succeed, which
will benefit consumers, businesses, and ultimately our shareholders.
We will continue to provide the investment community with frequent
updates on our progress."
What is livedeal.com?
livedeal.com is a unique, real-time "deal
engine" connecting merchants with consumers. The Company believes
that it has developed a first-of-its-kind web/mobile platform
providing restaurants with full control and flexibility to instantly
publish customized offers whenever they wish to attract customers.
The website includes a number of user and restaurant-friendly
-- An intuitive interface enabling restaurants to create limited-time
offers and publish them immediately, or on a preset schedule that is
-- State-of-the-art scheduling technology giving restaurants the freedom
to choose the days, times and duration of the offers, enabling them to
create offers that entice consumers to visit their establishment
during their slower periods;
-- Advanced publishing options allowing restaurants to manage traffic by
limiting the number of available vouchers to consumers;
-- Superior geo-location technology allowing multi-location restaurants
to segment offers by location, attracting customers to slower
locations while eliminating potential over-crowding at busier sites;
-- A user-friendly mobile and desktop web interface allowing consumers to
easily browse, download, and instantly redeem "live" offers found on
livedeal.com based on their location.
Restaurants can sign up to use the LiveDeal platform at the Company's
About LiveDeal Inc.
LiveDeal Inc. provides marketing solutions that
boost customer awareness and merchant visibility on the Internet.
LiveDeal operates a deal engine, which is a service that connects
merchants and consumers via an innovative platform that uses
geo-location, enabling businesses to communicate real-time and
instant offers to nearby consumers. 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. LiveDeal continues to actively develop, revise, and evaluate
these products and services and its marketing strategies and
procedures. For more information, visit www.livedeal.com.
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.
Constellation Asset Advisors, Inc.
Senior Vice President
The Equity Group Inc.
Senior Vice President
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