LiveSafe Announces $6.5M Series A Financing Led by IAC

  LiveSafe Announces $6.5M Series A Financing Led by IAC

Business Wire

ARLINGTON, Va. -- March 25, 2014

LiveSafe, a mobile safety technology company (www.livesafemobile.com), today
announced $6.5 million in Series A financing led by IAC (NASDAQ:IACI). Barry
Diller, Chairman and Senior Executive, IAC, will join the Board of Directors
of the company.

LiveSafe is a two-way communication platform that crowd-sources personal
safety and leverages the proliferation of smartphones to help prevent and
respond to dangerous threats to individuals and the general public.

“We now have the technology and infrastructure to make life safer for people
as they go about their daily lives,” says Barry Diller, Chairman and Senior
Executive, IAC. “LiveSafe is an excellent platform for putting safety directly
in people’s hands, and has the potential for making individuals and
communities far safer than they are today.”

“We are thrilled to have IAC’s financial investment and strategic guidance as
we work to scale the impact of LiveSafe’s mobile safety application,” says
LiveSafe’s CEO and President, Jenny Abramson. “It is a true honor to welcome
Barry Diller to our board.”

About LiveSafe, Inc.

LiveSafe provides a comprehensive safety solution that empowers individuals to
make themselves and their communities safer. Through a personal safety
smartphone app linked to a cloud-based command center, LiveSafe enables
increased safety by creating a new two-way channel of communication between
the community and safety officials whether they be in schools, malls, sporting
events, public transportation, or even local communities. LiveSafe also
provides users a suite of emergency services for real time location tracking
in distress situations. With LiveSafe, safety officials are able to better
identify and assess threats, prevent crimes, and save lives, thus helping to
enhance overall safety. For more information, visit
http://www.livesafemobile.com/ or download the LiveSafe app found in iTunes
store and Google Play.

About IAC

IAC (NASDAQ:IACI) is a leading media and internet company comprised of more
than 150 brands and products, including Ask.com, About.com, Match.com,
HomeAdvisor and Vimeo. Focused in the areas of search, applications, online
dating, local and media, IAC's family of websites is one of the largest in the
world, with more than a billion monthly visits across more than 100
countries.The Company is headquartered in New York City with offices in
various locations throughout the U.S. and internationally. To view a full list
of IAC's companies, please visit our website at www.iac.com.

Contact:

Media:
LiveSafeMobile.com
Roxanne Trust, (202) 297-9721
Roxanne@LiveSafeMobile.com
 
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