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FOR IMMEDIATE RELEASE
LIVEDEAL EXPANDS TO NEW SANTA CLARA HEADQUARTERS AND LAUNCHES AGGRESSIVE RECRUITMENT PROGRAM
LiveDeal Seeks Strategic New Hires to Support Company's Continued Thousand-Plus Percent Site Growth
SANTA CLARA, Calif. , August 23, 2005 – On the heels of ongoing quadruple-digit site growth, LiveDeal™ (www.livedeal.com), the leading online local classifieds site, announced today it has relocated to a new, larger headquarters facility in Santa Clara, Calif. to accommodate the company’s continued rapid expansion and additional personnel requirements. The 7,295 square foot headquarters on Walsh Avenue will enable LiveDeal to continue its recent aggressive hiring to support the company’s explosive ongoing month-over-month growth.
LiveDeal has recently been hiring across a number of critical functions, including engineering, product management and marketing. “One of the keys to our success has been the outstanding team LiveDeal has assembled -- people with experience building some of the most successful online brands in the world,” commented Rajesh Navar , CEO of LiveDeal. “As the company continues to grow, the need to identify the most talented individuals will only become more of a priority. LiveDeal has come a long way in the short time since our inception and I’m delighted at the customer response to our site.”
More than one million unique users are visiting LiveDeal each month, with a total value of listed merchandise on the site topping $1 billion. Key listings categories such as autos, furniture and real estate have grown in excess of 1,000 percent since August of 2004, with some categories such as pets growing at a remarkable 1,500 percent year-over-year pace. This data reinforces LiveDeal’s value proposition of providing an efficient and cost-effective local marketplace for heavy, hard-to-ship items or items consumers prefer to “try before they buy.” Revenues are also keeping pace with LiveDeal’s growth, up 10 times over 2004 levels.
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With a management team hailing from eBay, FordDirect.com and other pioneering Internet companies, LiveDeal is the leader in online local classifieds with more than $1 billion worth of goods listed for sale. With its free listings and broad selection, LiveDeal.com is ideal for trading hard-to-ship items such as automobiles, furniture, pets, appliances, real estate and other “try before you buy” items, eliminating shipping costs and reducing fraud. Buyers can browse or search for items using LiveDeal’s easy-to-use web interface, seeing what’s available locally first then nationwide second. LiveDeal also serves the national market for sellers looking for a more cost-effective marketplace to list multiple items for sale in a single click and without the burden of listing fees. For more information, visit www.livedeal.com.
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