NEW YORK, NY, Sep 18, 2014 (Marketwired via COMTEX)

-- When LiveDeal LIVE, +1.64% acquired online retailer,

ModernEveryday.com, late last month, it was a great

opportunity to spend a little money now to make a great deal

of profit in the future. Modern Everyday will instantly provide

LiveDeal with strong annual revenues while executives

continue to expand the company's flagship

property, www.livedeal.com, which connects restaurant

owners to consumers with "instant" real-time promotions.

According to Inc. Magazine, in 2012, Modern Everyday

made $1.2 million in annual revenue, but by 2013, that

revenue had grown to almost $10 million representing a 3-year

growth rate of 700 percent. Acquiring a fast-growing retail

platform that can add immediate revenues makes a lot of sense

for LiveDeal at a time when it's methodically growing its own

unique deals engine.

Modern Everyday, located in Alhambra, California, has both a retail location and a

web presence at www.moderneveryday.com where it provides consumers with

products that range from kitchen and dining products to apparel and sporting goods

to children's toys and beauty products.

In addition to the increase in revenues that Modern Everyday will provide, it will

also offer a proprietary software that gives LiveDeal the capability to track products

and predict consumer behavior and spending habits based on real knowledge of what

consumers are looking for.

LiveDeal, Inc. Acquisition Adds an Expected $10 Million in Annual Revenues and Growing

This acquisition marks the next step in LiveDeal's evolution to become a leading

online presence for consumer deals across a variety of verticals. The company's

reach now includes a platform that offers instant dining deals in almost 10,000

restaurants in 50 major US cities, and a few acquisitions later, LiveDeal has

expanded to offer deals in the retail space.