LiveDeal, Inc. (LIVE) Will Continue to Be Listed if It Meets NASDAQ Requirements

LiveDeal, Inc. (NASDAQ: LIVE) today announced that it has received written notification from The NASDAQ Stock Market LLC (“NASDAQ”) indicating that the Company’s securities will continue to be listed on The NASDAQ Capital Market based upon the Company’s compliance with all applicable requirements for continued listing on The NASDAQ Capital Market, including the $1 million market value of publicly held shares requirement. In that regard, as of the close of business on December 27, 2011, the Company evidenced a market value of publicly held shares of approximately $4.7 million, and had evidenced a market value of publicly held shares in excess of $1 million for 10 consecutive business days. Accordingly, the matter is now closed.

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