FOR IMMEDIATE RELEASE

LiveDeal.com Celebrates First Official Anniversary; Ranked by comScore as One of the Top 10 Most Visited Online Classified Sites -- More Popular Than Yahoo! Classifieds for August – October 2005

Continues to Expand Leadership Position as Nation’s Fastest-Growing Free Online Classifieds Site with $3 Billion of Goods Listed, Among Other Key Milestones

SANTA CLARA, Calif., December 7, 2005 – LiveDeal.com (www.livedeal.com), one of the nation’s leading local online classifieds sites, announced today the company is celebrating its first anniversary of commercial operation. Since officially launching in November of 2004, LiveDeal has experienced explosive growth across multiple metrics. Among the highlights:

• LiveDeal’s internal web-traffic logs show more than one million unique visitors go to LiveDeal.com each month to buy and sell items
• Listings have grown by 300 percent to feature more than 400,000 items daily
• Total value of items listed is more than $3 billion
• According to comScore Media Metrix, LiveDeal is consistently one of the top 10 most visited online classified sites on the Web and has ranked ahead of Yahoo! Classifieds among others for attracting a greater number of unique visitors over the past three months (August-October 2005).

“LiveDeal’s growth and success over the past year is proof that local e-commerce is the next wave of the Internet,” said Rajesh Navar, founder and CEO of LiveDeal. “We are proud to be living up to LiveDeal’s mission to do local online classifieds better than anyone else by combining the best of the Internet and e-commerce with the best of person-to-person transactions. It’s been an exciting year and I’m looking forward to equally memorable milestones in 2006 as we continue to expand both in the U.S. and internationally.”

Key 2005 Milestones

“LiveDeal is executing on all fronts as our online classifieds platform becomes a destination and provider of rich advertising content to multiple partners,” said Steve Harmon, VP corporate development of LiveDeal. “Over the past year, LiveDeal has hit a number of significant milestones that have fueled the company’s growth.” These include:

• Funding – LiveDeal secured its Series B funding from investors including Canadian media company Torstar Corp.; prestigious Silicon Valley VC firm Draper Richards; and individual investors.
• International Expansion – LiveDeal and Torstar also announced a joint venture to launch LiveDeal Canada (www.livedeal.ca), which is expected to be one of the largest free online classifieds sites in Canada. LiveDeal Canada is the first step in LiveDeal’s ongoing international expansion strategy and is slated to go live in early 2006.
• Rapid Growth in Key Categories – Pets, LiveDeal’s fastest growing category, is up more than 1,500 percent with buyers exceeding sellers for each listing. Other key LiveDeal categories such as autos, furniture and real estate are growing in excess of 1,000 percent year-over-year.
• Partnerships – LiveDeal also inked a number of key partnerships during 2005, including deals with AutoNation, the largest automotive retailer in the U.S., which has listed its entire used car vehicle inventory on LiveDeal.com.
• Innovative New Programs – LiveDeal continues to be at the forefront of creating new programs for offline businesses and media companies interested in preserving classifieds market share. LiveDeal recently announced its AdShare program, which enables offline organizations to tap the LiveDeal platform at no charge to immediately gain an online presence. Key partners signed up include Clear Channel, DiscoverOurTown, Shopping News, GV PennySaver, SFBayAuto.com, and more.
• LiveDeal’s classifieds distribution advertising network service, Local AdWiz, which turns any website or blog into a unique and localized classifieds site in seconds, was selected as one of the few new technologies to debut at DEMO 2005, where TiVo, Palm and Java all debuted.