LiveDeal Regains Compliance with Rules for Continued Listing on NASDAQ Capital Market

LiveDeal, Inc. (NASDAQ: LIVED), a provider of Internet marketing services for small businesses, announced today that it has regained compliance with the $1.00 per share minimum bid price requirement set forth in the rules for continued listing of the company’s common stock on the NASDAQ Capital Market.

As previously disclosed, on April 8, 2010, LiveDeal received notice from NASDAQ that the bid price of its common stock had fallen below $1.00 for 30 consecutive business days and was, therefore, not in compliance with NASDAQ Listing Rule 5550(a)(2). LiveDeal was provided a 180-day grace period, scheduled to expire on October 5, 2010, to regain compliance by posting a closing bid price of $1.00 per share or higher for a minimum of 10 consecutive business days. The company implemented a 1-for-10 reverse stock split, which became effective on September 7, 2010, to regain compliance. On September 21, 2010, NASDAQ notified LiveDeal that the company had regained compliance with Listing Rule 5550(a)(2) by posting a closing bid price per share of $1.00 or greater from September 7, 2010 to September 20, 2010. NASDAQ also confirmed that the matter is now closed.

For more information about LiveDeal and the company’s products and services, please visit www.livedeal.com.

About LiveDeal, Inc.

LiveDeal provides local customer acquisition services for small businesses to deliver an affordable way for businesses to extend their marketing reach to local, relevant customers via the Internet. LiveDeal delivers website creation, Search Engine Marketing (SEM), Social Media Marketing (SMM), video, and other online marketing tools as part of its InstantAgency suite of products. These products and services are dedicated to delivering agency quality online advertising at a fraction of the price of a traditional online marketing agency. LiveDeal is headquartered in Las Vegas, Nevada. For more information, please visit www.livedeal.com.

Livedeal (MM) (NASDAQ:LIVED)
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