$LIVE - LiveDeal, Inc. User Traffic Explodes as Consumers

$LIVE - LiveDeal, Inc. User Traffic Explodes as Consumers Adopt the Instant Marketplace Platform

2014-03-11 09:00 ET - News Release NEW YORK, NY -- (Marketwired) -- 03/11/14 - LiveDeal, Inc. (NASDAQ: LIVE) announced last week that traffic on its "instant" real-time deal engine, www.livedeal.com , increased by almost 43% in February over the prior month. This news is probably a direct result of the company's ongoing plan to build the LiveDeal brand and drive consumers to its online and mobile marketplace. As LiveDeal adds each new city to the platform, the company's CEO Jon Isaac continues to tell his company's story. Even in the calendar's shortest month, the numbers don't lie, livedeal.com is growing quickly.

Consumers seem to like the real-time deal concept and with restaurant promotions now available in San Diego, Los Angeles, San Francisco and New York City, both consumers and merchants are adopting the brand. As a matter of fact, user traffic isn't the only statistic on the rise. The company also reported a 44% increase in the number of vouchers being redeemed at restaurants as compared to January's numbers.

LiveDeal's CEO said of the dramatic rise in users, "We are very pleased with the growth in LiveDeal.com users to date. We attribute the platform's growing marketplace acceptance to being a reflection of both the desire consumers have to access 'instant deals' from local restaurants and the simplicity which livedeal.com brings to the process of grabbing the offers."

The good news doesn't stop there however. The most impressive statistic was that February saw a 154% increase in mobile usage over the prior month. Isaac said, "We're very pleased with growth in our mobile user base. We are hopeful that the imminent release of our apps will help fuel this growth even further." LiveDeal has said it expects both the Apple and Android apps will be available this month.

It is this explosive growth month after month that likely generated a February press release stating that tomorrow, March 12; LiveDeal will release a version of the "real-time" deal platform with further enhanced features and functionality that will enable restaurants in cities throughout the US and internationally to adopt the platform with ease.

According to Jon Isaac, these changes are expected to lay the groundwork for exponential growth. "To meet the growing demand for a better restaurant deal platform we plan to make it possible for international expansion whereby LiveDeal can be adopted in any city in the world."