Company Enjoying an 18 Percent Average Growth Rate in Restaurant Partners Month-Over-Month for Past Three Months
LAS VEGAS, NV, Nov. 11, 2014 /CNW/ - LiveDeal Inc. (NASDAQ:LIVE) ("LiveDeal" or the "Company"), a publicly traded company that operates livedeal.com, a geo-location based mobile marketing platform that enables restaurants to publish "real-time" and "instant offers" to nearby consumers, today announces that the company added 1,539 restaurant partners with the www.livedeal.com deal engine, during the month of October.
This is an 18 percent increase in the number of restaurants that registered in October alone as compared to the same time period in the September, and these latest figures represent an 18 percent average growth rate in new restaurant partners month-over-month for the past three months.
"We believe that these numbers demonstrate that LiveDeal's approach to the real-time, instant offers is resonating with restaurants and consumers alike, and our restaurant partners are using LiveDeal.com as their main resource for offering new deals to their customers and potential customers," said Jon Isaac, CEO of LiveDeal, Inc. "We are particularly encouraged by the fact that in many cities, LiveDeal leads all other restaurant deal sites combined in terms of the number of deals and the number of restaurants utilizing the platform."
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.
SOURCE: LiveDeal Inc.
For further information: LiveDeal, Inc., Tim Matula, Investor Relations, 425-836-9035, [email protected], http://livedeal.com/pressroom