LiveDeal, Inc. (LIVE) Names Jon Isaac President and CEO for the Right Price of $1/Year

January 24, 2012 8:34 AM EST
LiveDeal, Inc. (NASDAQ: LIVE) announced today that it has appointed Jon Isaac, head of Isaac Capital Group (www.isaac.com), a privately held investment company in San Diego, California, as its President and Chief Executive Officer, effective as of January 12, 2012. Mr. Isaac has served on LiveDeal's Board of Directors since December 12, 2011.

“As a measure of my confidence in LiveDeal and its significant growth potential, I have agreed to a take a salary of $1.00 per year,” commented Mr. Isaac. “As a fellow shareholder in the Company, I have a vested interest in driving the success of the Company. My primary goal is to achieve profitability and increase shareholder value. My plan is to focus on increasing sales of LiveDeal’s existing product lines, while developing new products and reducing overall expenses. With this new plan, the company can possibly achieve a turnaround to profitability within a short period of time. I hope that my fellow shareholders will share in my excitement for the next chapter of LiveDeal, Inc.”


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