LAS VEGAS “” LiveDeal, Inc. (NASDAQ: LIVE), which combines Internet classifieds, Internet Yellow Pages directory and local customer acquisition services for small businesses, announced today that it has sold approximately 14,000 customers from the company’s directory business for approximately $3.1 million.
“As we have made clear in our previous announcements, this transaction represents the next step in our plan to transition LiveDeal away from our traditional listing business toward our emerging suite of Internet customer acquisition services,” said LiveDeal, Inc. Chief Executive Officer, Mike Edelhart.
With this transaction and an earlier transaction for over 10,000 customers announced in February, LiveDeal has converted approximately 25,000 of its 50,000 traditional customer base into cash.
About LiveDeal, Inc.
LiveDeal, Inc. delivers best of breed local customer acquisition services for small and medium-sized businesses combined with a classified and Internet Yellow Pages directory platform technology to deliver an affordable way for businesses to extend their marketing reach to local, relevant customers via the Internet. Through its online property, www.livedeal.com, LiveDeal delivers local search engine marketing (SEM) through its LiveAdvisor™ and LiveClicks™ products that combine best-of-breed technology with a strong partnership model and an inside sales team to create an efficient platform local businesses need to create and optimize their Internet search advertising campaigns. LiveDeal partners with Google, Yahoo!, MSN, ASK, Miva, Looksmart, Superpages.com and others. LiveDeal, Inc. is headquartered in Las Vegas, Nevada. For more information, please visit www.livedeal.com.
March 10, 2009
source: centredaily.com