LiveDeal Announces Launch of livedeal.com in Los Angeles
December 11 2013 - 8:00AM
Marketwired
LiveDeal Announces Launch of livedeal.com in Los Angeles
LAS VEGAS, NV--(Marketwired - Dec 11, 2013) -
- livedeal.com now has approximately 1,000 participating
restaurants in initial launch city of San Diego, Calif.,
representing over 20% of the local market
- Company to target large LA market of over 22,000
restaurants
- Company plans to launch livedeal.com in four major U.S. cities
by end of 2013
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
that the Company has launched livedeal.com in the Los Angeles
market.
The expansion marks the second U.S. city where livedeal.com has
launched, with the first being San Diego, Calif., in September
2013. The Company has been testing the livedeal.com platform in Los
Angeles in recent weeks, and has signed up hundreds of
participating locations as of today's official launch. The Company
intends to provide Los Angeles restaurants with the ability to
control their own customized offers to customers via livedeal.com's
unique, real-time "deal engine." According to recent U.S. Census
information (2009), there are over 22,375 restaurants in Los
Angeles County.
The Company believes it can cost-effectively expand into other
cities due to the scalability of the livedeal.com platform, as
restaurants can curate deals through LiveDeal's account managers or
create specials on their own. In addition, individual customers
transact directly with the restaurant, eliminating the need for
LiveDeal to act as an intermediary in the sale.
Jon Isaac, President and CEO of LiveDeal, stated, "We are
pleased with the Company's progress to date, and more importantly
with the adoption rate and feedback from consumers and restaurants.
We achieved an incredible response in our initial launch city of
San Diego, with over 20% of restaurants in the city now
participating. Though we have taken a very deliberate approach to
our expansion, we are seeing better-than-expected results in return
visitors, and larger restaurant chains are now providing LiveDeal
with exclusive deals previously unavailable to the public. We
believe all of this will continue to drive traffic to livedeal.com
and create greater awareness as we build our brand."
Mr. Isaac continued, "We feel we have created a model that makes
sense in an industry reliant on real-time information. The daily
consumer is interested in finding value, and equally important,
restaurants are interested in a cost-effective, controlled method
of increasing traffic and growing a loyal customer base at their
restaurants. We believe livedeal.com is a one-of-a-kind solution in
the marketplace. The Los Angeles market provides us with a great
opportunity to expand our brand awareness and drive additional
users to livedeal.com. We have continued to take an aggressive yet
mindful approach to our roll-out. We recognize the need for scale
to increase our value proposition to restaurants and feel that by
selectively entering new markets we can bring more users to
livedeal.com. We are currently testing in other U.S. cities and
expect to have launched in four by the end of 2013, including San
Diego and Los Angeles. Given the adoption rate in San Diego, we are
optimistic about our potential success in Los Angeles."
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 features, including:
- an intuitive interface enabling restaurants to create
limited-time offers and publish them immediately, or on a preset
schedule that is fully customizable;
- 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; and
- 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 website (www.livedeal.com).
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™ 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. 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.
Contact: Investor Relations The Equity Group Inc.
Carolyne Yu Senior Associate (415) 568-2255
Email Contact Adam Prior Senior Vice President (212) 836-9606 Email
Contact
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