LiveDeal, Inc. Has Enough Cash on Hand to Continue Expansion Through Acquisition
May 23 2014 - 9:00AM
Marketwired
LiveDeal, Inc. Has Enough Cash on Hand to Continue Expansion
Through Acquisition
NEW YORK, NY--(Marketwired - May 23, 2014) - LiveDeal, Inc.
(NASDAQ: LIVE) released its Quarterly numbers this week from the
period ending March 31, 2014, and while much of what was presented
had to be expected from a company that is growing predominantly in
a new direction, there was good news in the 22 percent revenue
increase, the dramatic 70 percent improvement in losses, and a
strong cash position and access to cash that should allow for
continued growth.
LiveDeal's main focus is now squarely on competing in the
online/mobile deal space and building a framework for success
around its real-time and instant offers platform,
www.livedeal.com. According to the numbers, LiveDeal has a
current cash position of almost $10 million which should help
greatly with the company's expected growth through acquisition.
After entering the instant deal space late in 2013 with the
launch of its geo-location based mobile marketing platform that
enables restaurants to publish "real-time" and "instant offers" to
nearby consumers, LiveDeal expanded into the goods and services
industry by acquiring and already established online goods deal
platform. The company's CEO seems confident that LiveDeal can
be a leader in the space with continued expansion.
Jon Isaac said in this week's release, "What we believe
separates LiveDeal from others in the industry is that we are
focused on creating an ongoing, long-term stainable revenue stream
that will position us to be an industry leader in the instant deal
space."
LiveDeal is offering merchants free subscriptions to join the
site giving up a small amount of short term revenue in order to
attract long term, quality subscribers, with the intent to
ultimately establish a long-term sustainable revenue model.
The CEO added, "With LiveDeal's long-term philosophy we believe
we can increase the number of merchant subscribers to our database,
enabling us to aggressively build our database and then begin to
market our sites as an advertising medium, similar to the strategy
followed by Groupon and Facebook."
And, while the process may be frustrating to those investors who
want to grow from nothing to Groupon-sized overnight, it seems
LiveDeal has embarked upon a methodical plan that has its numbers
drastically improving, a platform growing quickly, an expansion
into other verticals, and cutting losses so deep that they should
soon turn into profits.
About Stock Market Media Group SMMG is a Research and Content
Development IR firm offering a platform for corporate stories to
unfold in the media with Reports, Interviews and Articles. This
article is SMMG's opinion and was written based upon publicly
available information. LiveDeal hasn't endorsed or compensated SMMG
for this article. SMMG is compensated for LiveDeal content by a
third party who reserves the right to buy, sell or remain neutral
on securities after the publication of this article. SMMG has
received total compensation of $50,880 for LiveDeal content. For
information visit: www.stockmarketmediagroup.com.
Contact: Stock Market Media Group Email Contact
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