Live Ventures Completes Purchase of Remaining 20 Percent of Marquis Industries, Enabling Potential Usage of Nearly $10 Million in Net Operating Loss in Future Years

Live Ventures Incorporated

("Live Ventures" or the "Company"), a diversified growth holding company, today announces that it has completed the purchase of the remaining 20 percent stake of its subsidiary, Marquis Industries, which was formerly held by Marquis' management and shareholders. With the completion of this transaction, Marquis Industries became a wholly-owned subsidiary of Live Ventures and, given future projected earnings of Marquis Industries and its subsidiaries, should allow usage of nearly $10 Million in net operating loss carry forwards of Live Ventures in subsequent years, which could represent approximately $3 Million in cash tax savings. "Increasing our ownership in Marquis Industries to 100 percent will improve Live Ventures' overall earnings and also should provide us with millions of dollars in cash tax savings which were not available with Marquis Industries as a partially owned subsidiary." said Jon Isaac, CEO of Live Ventures Incorporated.