LiveDeal, Inc. (NASDAQ: LIVE), a provider of web-based customer acquisition and related products for small local businesses, today announced that it has received written notification from The NASDAQ Stock Market LLC (“NASDAQ”) indicating that the Company’s securities will continue to be listed on The NASDAQ Capital Market based upon the Company’s compliance with all applicable requirements for continued listing on The NASDAQ Capital Market, including the $1 million market value of publicly held shares requirement. In that regard, as of the close of business on December 27, 2011, the Company evidenced a market value of publicly held shares of approximately $4.7 million, and had evidenced a market value of publicly held shares in excess of $1 million for 10 consecutive business days. Accordingly, the matter is now closed.
About LiveDeal, Inc.
LiveDeal, Inc. provides local customer acquisition services and related products for small businesses to deliver an affordable way for businesses to extend their marketing reach to target customers via the Internet.
Forward-Looking and Cautionary StatementsThis press release may include statements that constitute "forward-looking statements," which are often characterized by the terms "may," "believes," "projects," "expects" or "anticipates," and do not reflect historical facts. Forward-looking statements involve risks, uncertainties and other factors that may cause actual results, performance or achievements of LiveDeal, Inc. and its subsidiaries to be materially different from those expressed or implied by such forward-looking statements. Factors that may affect forward-looking statements and the Company's business generally include, but are not limited to, (i) the risk factors and cautionary statements set forth in the Company's Annual Report on Form 10-K for the fiscal year ended September 30, 2010; (ii) other factors or statements described in the Company's other filings with the Securities and Exchange Commission; and (iii) other factors that LiveDeal is currently unable to identify or quantify, but may exist in the future.