CORRECTING and REPLACING LiveDeal Announces Richard F. Sommer Appointed Chief Executive Officer

SANTA CLARA, Calif.--(BUSINESS WIRE)--Fourth graph, first sentence of release should read: Richard F. Sommer, former CEO of ZipRealty, had served on the Board of Directors of ZipRealty since September 2006. (sted Richard F. Sommer, former CEO of ZipRealty, has served on the Board of Directors of ZipRealty since September 2006).

“Local is one of the great opportunity spaces on the Internet, and LiveDeal is well positioned to grow in that space”

The corrected release reads:

LIVEDEAL ANNOUNCES RICHARD F. SOMMER APPOINTED CHIEF EXECUTIVE OFFICER

LiveDeal, Inc. (NASDAQ: LIVE), a provider of web-based advertising and marketing services for small- and medium-sized local businesses (SMB), announced today that it has appointed Richard F. Sommer as its new Chief Executive Officer (CEO).

“The board believes that Mike has contributed much to the Company, and now it is time for a person like Richard to take the Company forward,” said Rajesh Navar, Founder and Chairman of the Board. “Richard has demonstrated in his past six assignments as CEO, including Homegain.com and Realtor.com, the ability to create strong profitable growth and substantially increase shareholder value in companies that were directed at bringing the SMB market to the Internet.”

“Local is one of the great opportunity spaces on the Internet, and LiveDeal is well positioned to grow in that space,” said Richard Sommer, the new Chief Executive Officer. “I want to thank Mike Edelhart for all of his hard work for the Company over the past year.”

About Richard F. Sommer

Richard F. Sommer, former CEO of ZipRealty, had served on the Board of Directors of ZipRealty since September 2006. Prior to joining ZipRealty, Mr. Sommer was the Chief Executive Officer of HomeGain.com. In addition to his leadership of HomeGain, Mr. Sommer served as senior vice president of business development for the mortgage banking 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), 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., through its online property, www.livedeal.com, offers businesses and consumers a simple and affordable way of creating a web presence and marketing their products and services to local audiences. LiveDeal also provides local online marketing solutions for small- and medium-sized businesses. LiveDeal seeks to deliver local search engine marketing (SEM) through its LiveAdvisor™ and LiveClicks™ products that combine best-of-breed technology with a strong partnership model and an inside sales team to create an efficient platform local businesses need to create and optimize their Internet search advertising campaigns. LiveDeal allows business to extend their marketing reach to their relevant customers on the internet through partnerships with Google, Yahoo!, Miva, Looksmart, Superpages.com and others. LiveDeal, Inc. is headquartered in Las Vegas, Nevada. For more information, please visit www.livedeal.com.

Forward-Looking and Cautionary Statements

This press release may include statements that constitute “forward-looking statements,” which are often characterized by the terms “may,” “believes,” “projects,” “expects,” or “anticipates,” and do not reflect historical facts. Forward-looking statements involve risks, uncertainties and other factors that may cause actual results, performance or achievements of Livedeal, Inc. and its subsidiaries to be materially different from those expressed or implied by such forward-looking statements.

Factors that may affect forward-looking statements and the Company’s business generally include but are not limited to (i) the risk factors and cautionary statements set forth in the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2008; (ii) other factors or statements described in the Company’s other filings with the Securities and Exchange Commission; and (iii) other factors that LiveDeal is currently unable to identify or quantify, but may exist in the future.

Forward-looking statements speak only as of the date the statement was made. LiveDeal does not undertake and specifically declines any obligation to update any forward-looking statements.