$LIVE Board of Directors has approved a three-fo

$LIVE Board of Directors has approved a three-for-one forward stock split of LiveDeal's common shares

LiveDeal Inc. (NASDAQ: LIVE) ("LiveDeal" or the "Company"), a publicly traded company that operates livedeal.com, an innovative platform using geo-location to enable restaurants to communicate and publish real-time and instant offers to nearby consumers, today announced that its Board of Directors has approved a three-for-one forward stock split of LiveDeal's common shares.

Stockholders will receive three shares of Common Stock for every one share of Common Stock owned on the record date of February 3, 2014. The additional shares will be distributed as of the close of business on February 11, 2014. The forward stock split will be effected on NASDAQ at the open of trading on February 12, 2014. In connection with the forward stock split, the Company's authorized shares of Common Stock will also increase from 10,000,000 shares to 30,000,000 shares.