LiveDeal, Inc. Announces that Mike Edelhart Named Interim CEO

SANTA CLARA, Calif.--(BUSINESS WIRE)--LiveDeal, Inc. (NASDAQ:LIVE), the nation's first combined local online classifieds and Yellow Pages marketplace (www.livedeal.com <http://www.livedeal.com/>), announced today that Mike Edelhart has been named Interim CEO of LiveDeal, Inc. Further, the company is pleased to announce the addition of Richard Sommer, former CEO of Homegain and Zip Realty, to its Board of Directors. In addition to the above announcements, The Board has also begun the search for a permanent CEO.

"Mike brings a wealth of experience to LiveDeal, Inc. that we believe will bring continuity to our management team and stability to our company," said Rajesh Navar, Founder and Chairman of LiveDeal, Inc. "His experience in both print and online media, combined with his demonstrated successes in previous positions make him a valuable addition to the team."

"LiveDeal has unique product offerings and a strong team in a vibrant market," said Mike Edelhart. "I'm looking forward to helping the company get to the next level."

About Mike Edelhart

Michael Edelhart, brings to LiveDeal an extensive resume as a long-standing media and Internet start-up investor and executive. Currently, Mike is founder and Managing Director of First 30, a new company-creation consultancy. First 30's first major project is spinning off and operating an Internet company and sub-brand for a major East Coast non-profit. Mike is also an advisor to Infovell, Inc., which has developed revolutionary technology for high-end search, after serving as the company's initial CEO. He is chairman of the board of Olive Software, a Sequoia backed XML software developer, where he earlier was CEO. Other current assignments include: Board of Directors, Good Health Ad Network and Advisor to Aggregate Knowledge, SmaSh Technology, and Intridea.

Previously, Mike was CEO of Inman News, the leading provider of information, analysis and events to the residential real estate community, and Zinio Systems, which produces and distributes magazines in digital form. Mike joined Zinio from Redleaf Group, an early stage investment company where he was Sr. Director of the San Francisco office. Prior to Redleaf, he was founder and CEO of Intagio (formerly "BarterTrust"), an, international clicks-and-mortar non-cash exchange network.

Mike was President and CEO of Third Age Media and a Vice-president at SoftBank, where he directed content for the Seybold, Interop and Comdex conferences and launched new businesses in online education, conferences and consulting. Prior to SoftBank, Mike spent thirteen years at Ziff Davis in a variety of executive and editorial positions. He was the original Executive Editor of PC Magazine, Editor-in-Chief of PC Week and Editor/Publisher of PC/Computing. Mike has served as an Internet strategies consultant to Bloomberg, Reuters, AARP and other major media and Internet companies. Mike, the author of more than 25 books on subjects ranging from Intel processors to the social history of Virginia and earth sheltered housing design, earned a Bachelor of Science degree in journalism from the University of Northern Colorado.

About Richard Sommer

Richard Sommer, former CEO of ZipRealty, has served on the Board of Directors of ZipRealty <http://www.ziprealty.com/> since September 2006. Prior to joining ZipRealty, Mr. Sommer was the Chief Executive Officer of HomeGain.com <http://www.homegain.com/>. In addition to his leadership of HomeGain, Mr. Sommer served as president of the loanworks division of IndyMac Bank. He also served as president and managing director of International Real Estate Operations for Realtor.com. Prior to joining HomeStore (now move.com <http://www.move.com/>), Mr. Sommer was co-founder, president and CEO of Accordus, a technology infrastructure company serving the healthcare products industry. From 1988 to 1998, he was founder, president and CEO of De La Cruz Occupational Healthcare. He began his career with McKinsey & Co. He graduated cum laude in 1983 from Princeton University with a degree in politics and was a Rhodes Scholar at Oxford University, where he earned a master's degree in international political economy. In 1990, he earned a law degree from the Stanford Law School.

About LiveDeal, Inc.

LiveDeal, Inc. is a leader in the local online classifieds and yellow pages marketplace with millions of goods and services listed for sale in every city and zip code across the U.S. Through its online properties, LiveDeal.com and YP.com, LiveDeal offers businesses and consumers a simple and affordable way of creating a web presence and marketing their products and services to local audiences. Buyers and sellers come together through LiveDeal's vast local marketplaces to find and list business services, merchandise, real estate, automobiles and pets. LiveDeal, Inc. is headquartered in Las Vegas, Nevada. For more information, please visit www.LiveDeal.com <http://www.livedeal.com/>.