$LIVE LiveDeal Inc. Launches livedeal.com in New York City
LAS VEGAS, NV--(Marketwired - Feb 13, 2014) - LiveDeal Inc. (NASDAQ: LIVE) ("LiveDeal" or the "Company"), a publicly traded company that operates livedeal.com, an innovative platform using geo-location to enable businesses to communicate real-time and publish instant offers to nearby consumers, today announced that it has launched livedeal.com in New York City. With over 42,000 eating and drinking locations and $33.6 billion in revenues, New York City represents a massive marketplace to leverage the livedeal.com platform.
livedeal.com successfully launched in San Diego and Los Angeles in Q4 of 2013, and San Francisco in early 2014 with over 1,000 restaurants leveraging the livedeal.com platform with real-time deals for bargain-savvy local consumers. Restaurants gain the ability to curate and control their own customized offers to customers via livedeal.com's unique, real-time "deal engine." Unlike daily deal publishers, individual customers transact directly with the restaurant thereby eliminating LiveDeal as an intermediary in the sale. LiveDeal Inc. plans to continue its expansion into major metropolitan regions throughout 2014.
"New York City is the heart and soul of a major marketplace where we believe that livedeal.com will flourish," said Jon Isaac, President and CEO of LiveDeal. "Our platform is thriving because it drives business to merchants in a manner that is unlike what they have with the typical daily-deal service. We believe that clients realize tremendous value in our solution because they have more control and choice than they have had before. We think New York City was the next logical city to launch the livedeal.com platform and that New York City is ready to capitalize on this," Mr. Isaac continued.
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