Company Initiates Acquisition Strategy
Targeting Profitable, Revenue-Producing Companies
LAS VEGAS, May 20, 2015 /PRNewswire/ - LiveDeal Inc.
(NASDAQ:LIVE) ("LiveDeal" or the "Company"), a publicly traded
company that operates livedeal.com, a geo-location based mobile
marketing platform for consumer products and "real-time" and
"instant dining offers" to nearby consumers, today announces it
anticipates double-digit revenue increases throughout the rest of
2015.
Based on the company's successful transition from its
50-locality focus to a more nationwide approach, and based on
current revenue trends, the company believes that revenues will
increase significantly on a year-over-year basis. At the same
time, it has initiated an acquisition strategy to help maintain
this aggressive increase by targeting companies that are already
revenue producing and profitable with the untapped potential for
growth using e-commerce.
"We are very confident that the steps we have taken to date will
result in significant revenue growth, and believe we are already
seeing these results. However, we also believe LiveDeal to
still be undervalued in the market and are taking strategic steps
to increase shareholder value and demonstrate our longevity in the
industry," said Jon Isaac, CEO of
LiveDeal. "Our approach for acquisitions is to identify
profitable, revenue-positive assets to acquire, which will bolster
our already increasing revenues, and create a LiveDeal that
investors and customers alike will continue seek out, buy from and
invest in."
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 may contain "forward-looking" information within the
meaning of the Private Securities Litigation Reform Act of
1995. In accordance with the safe harbor provisions of
this Act, statements contained herein that look forward in time
that include everything other than historical information, involve
risks and uncertainties that may affect the Company's actual
results. There can be no assurance that such statements
will prove to be accurate and there are a number of important
factors that could cause actual results to differ materially from
those expressed in any forward-looking statements made by the
Company, including, but not limited to, plans and objectives of
management for future operations or products, the market acceptance
or future success of our products, and our future financial
performance. The Company cautions that these
forward-looking statements are further qualified by other factors
including, but not limited to, those set forth in the Company's
Annual Report on Form 10-K for the fiscal year ended September 30, 2014, most recent Quarterly Report
on Form 10-Q, and other filings with the U S. Securities and
Exchange Commission (available at http://www.sec.gov). The Company
undertakes no obligation to publicly update or revise any
statements in this release, whether as a result of new information,
future events, or otherwise.
SOURCE LiveDeal Inc.