FOR IMMEDIATE RELEASE

YP CORP. RECEIVES SHAREHOLDERS' PERMISSION FOR CORPORATE NAME CHANGE AND ABILITY TO CONDUCT RESERSE STOCK SPLIT

New Name Will Reflect Company's Vision to Deliver Hyper-Local Web 2.0 Marketing Solution for Businesses and Consumers

MESA, Ariz.--(BUSINESS WIRE)--YP Corp. (OTCBB:YPNT), one of the nation's leading free local online classifieds and yellow pages marketplaces, announced today that in a special meeting, its shareholders overwhelmingly approved a proposal to change the name of YP Corp. to LiveDeal, Inc. Additionally, the company's shareholders gave the Company's Board of Directors discretion to effect a reverse stock split with respect to issued and outstanding shares of the Company's common stock.

YP Corp.'s interest in a name change is a reflection of the company's continuing commitment to building a first-of-its-kind hyper-local, Web 2.0 marketing solution for businesses and consumers. It also follows YP Corp.'s recent acquisition of the well-known online brand LiveDeal.com, which made the company one of the nation's leading online local classifieds and yellow pages marketplaces.