FOR IMMEDIATE RELEASE

LIVEDEAL Announces Joint venture with Canadian Media Company TorStar To DELIVER One Of The LARGEST FREE ONLINE CLASSIFIEDS SiteS IN CANADA

The New Venture, LiveDeal Canada, Combines LiveDeal’s Best of Breed Classifieds Technology Platform with One of Canada’s Major Newspaper and Media Companies

SANTA CLARA , Calif., October 25, 2005 -- LiveDeal.com (www.livedeal.com), one of the nation’s leading free local online classifieds sites, today announced a joint venture with Canadian media company Torstar Corporation, through its digital division, Torstar Digital, aimed at delivering one of the largest free local online classifieds site for Canada later this year. This partnership is the first step of LiveDeal’s international expansion strategy.

The joint venture between LiveDeal and Torstar Digital marries the strength of LiveDeal’s industry-leading Web classifieds technology with the extensive local reach of Torstar’s Canadian media brands including the Toronto Star, Canada’s largest daily newspaper; CityMedia Group’s family of daily and community newspapers in Southwestern Ontario; and Metroland’s 90+ community newspapers in Southern Ontario.

The resulting joint venture, called LiveDeal Canada, will be a free local online classifieds site designed to provide Canadians with a cost-effective, easy-to-use and efficient marketplace for buying and selling goods on both the local and national level.

In a separate announcement today, LiveDeal.com also announced Torstar Corporation has taken a minority stake in LiveDeal.com as part of LiveDeal’s Series B funding.

“LiveDeal’s overwhelming success in the U.S. is a testament to our unique value proposition of helping people cost-effectively buy and sell items on the local level,” said Rajesh Navar, founder and CEO of LiveDeal. “Our U.S. listings have grown more than 1,000 percent this past year, and we are ready to roll out our free local online classifieds platform in international markets. We are thrilled to be aligning with Torstar and its respected Canadian media brands for the first step of our international expansion strategy.”

“Torstar remains laser-focused on providing Canadians with value-added community and advertiser services that complement our print and online news offerings,” said Tomer Strolight, president of Torstar Digital. “With LiveDeal’s robust, online classifieds platform we expect to provide not only our readership and advertisers, but the entire Canadian marketplace, with a large and sophisticated free online classifieds offering for all of Canada. Together, Torstar and LiveDeal will make buying and selling hard to ship and ‘try before you buy’ items in Canada easier, simpler and more cost-effective than ever before.”

About Torstar & Torstar Digital:

Torstar Corporation is a broadly based media company listed on the Toronto Stock Exchange (TS.nv.b). Its businesses include newspapers led by the Toronto Star, Canada's largest daily newspaper; CityMedia Group, publishers of daily and community newspapers in Southwestern Ontario; Metroland Printing, Publishing & Distributing, publishers of more than 90 community newspapers in Southern Ontario; and Harlequin Enterprises, a leading global publisher of women's fiction. Torstar's news releases are available on the Internet at www.torstar.com. Torstar Digital is a division of Metroland Printing, Publishing & Distributing Ltd., which is a wholly-owned subsidiary of Torstar Corporation.

About LiveDeal

With a management team hailing from eBay, FordDirect.com and other pioneering Internet companies, LiveDeal is one of the leaders in local online classifieds with more than $3 billion worth of goods listed for sale and more than 1 million unique users per month at LiveDeal.com. 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. Sellers enjoy a local or national listing with optional enhancements, resulting in a more cost-effective marketplace to list their goods and services. For more information, visit www.livedeal.com.