Attached files
| file | filename |
|---|---|
| EX-3.1 - LIVE VENTURES Inc | v196113_ex3-1.htm |
| 8-K - LIVE VENTURES Inc | v196113_8-k.htm |
LIVEDEAL ANNOUNCES REVERSE STOCK SPLIT
LAS VEGAS, September 7, 2010 (BUSINESS WIRE) -- LiveDeal, Inc.
(NASDAQ: LIVE), a provider of web-based customer acquisition services for small
businesses, announced today
that, effective as of the
opening of trading this morning, the company has completed a 1-for-10 reverse
stock split. Accordingly, every ten shares of the company’s common
stock have been combined into one share of common stock. Any
fractional share that results from the reverse stock split will be rounded to
the next whole share.
The reverse stock split affects all of
LiveDeal’s outstanding common stock. In addition, the number of
shares of common stock that LiveDeal is authorized to issue was reduced to 10
million in connection with the reverse stock split.
The impact of the reverse stock split
will be reflected in the company’s share price beginning
today. LiveDeal’s common stock will trade under the symbol “LIVED”
for a period of 20 trading days as a result of the reverse stock
split. LiveDeal’s common stock will also trade under a new CUSIP
number.
LiveDeal’s shareholders of record will
receive instructions from its transfer agent, Registrar and Transfer Company,
regarding the procedures for exchanging their stock certificates in connection
with the reverse stock split. Shareholders are encouraged to surrender
their stock certificates in connection with the reverse stock
split. Those
shareholders who hold their LiveDeal common stock in “street name” will receive
instructions from their broker if they need to take any action in connection
with the reverse stock split.
The company’s Board of Directors
approved the reverse stock
split to help LiveDeal regain compliance with the $1.00 minimum bid price
requirement for continued listing on the NASDAQ Capital
Market.
About LiveDeal, Inc.
LiveDeal provides local customer
acquisition services for small businesses to deliver an affordable way to extend
their marketing reach to local, relevant customers via the
Internet. LiveDeal delivers local search engine marketing (SEM) and
custom website products that combine leading 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 and others.
LiveDeal is headquartered in Las Vegas, Nevada. For more information, visit
www.livedeal.com.
Investment Relations
Contact:
Larry Tomsic, CFO
Phone: 702-939-0230
Ltomsic@livedeal.com
Press Release
Contact:
Pamela Sziebert, VP of
Marketing
Phone: 702-939-0230
Psziebert@livedeal.com
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