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FOR IMMEDIATE RELEASE
LIVEDEAL.COM ADDS TO EXECUTIVE TEAM BY WELCOMING GREG LECLAIRE
AS VICE PRESIDENT, FINANCE & ADMINISTRATION
Experienced Financial and Management Veteran to Help Drive LiveDeal’s
Continued Growth and Profitability
SANTA CLARA, Calif., May 2, 2006 – LiveDeal.com (www.livedeal.com), one of the nation’s leading free local online classifieds sites, today announced Greg LeClaire has joined the company as vice president, finance and administration. In this role, LeClaire will be responsible for financial reporting and related internal controls, resource optimization, development and implementation of strategic initiatives, and other high-level finance and administrative programs. LeClaire brings significant financial and management experience to LiveDeal at a milestone point in the company’s history, as LiveDeal expands to more than $5 billion worth of goods listed on the site, more than 1.2 million unique monthly visitors and key categories growing in excess of 100 percent month-over-month.
“Greg has the right combination of financial and management expertise and a proven track record in helping to maximize the value of high-growth companies,” said Rajesh Navar, founder and CEO of LiveDeal. “I’m delighted to welcome him as part of the LiveDeal management team and look forward to his insights as we continue to expand LiveDeal both domestically and internationally.”
"LiveDeal’s growth to date has been im pressive,” said LeClaire. “I’m excited by the opportunity to play a role in cementing LiveDeal’s leadership position in the online classifieds market. Using the Internet to connect people wherever they are has been done, but connecting people in their local areas is where the next real value is. We’ve only scratched the surface for where we can take LiveDeal and we are already playing a pivotal role in defining how the Internet can efficiently serve local commerce and enhance the classifieds experience."
Before joining LiveDeal, LeClaire held a variety of senior financial positions with Utah Medical Products (NASDAQ: UTMD), most recently serving as the company’s vice president and chief financial officer. UTMD has a market capitalization of $120 million with 2005 revenues of $28 million. LeClaire was a key member of UTMD’s management team, responsible for guiding the company’s financial performance, which ranked in the top-tier of all U.S. publicly-traded companies. During LeClaire’s tenure as UTMD’s CFO, the company’s stock price more than quadrupled in value.
LeClaire earned a Master of Science degree in Management from Stanford University’s Graduate School of Business and a Bachelor of Science degree in accounting from the University of Utah.
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