LiveDeal, Inc. Announces Completion of Audited Financials of Marquis Acquisition, Adding $37M in Assets and Nearly $60M in Annual Revenue

LiveDeal, Inc., a diversified holding company

("Live Deal" or the "Company"), through its newly formed, wholly owned subsidiary, Live Ventures, Inc., today announced the financial statements for its previously announced acquisition of Marquis Industries, Inc. Marquis, and its affiliated subsidiaries, are specialty, high-performance carpet yarn manufacturers, hard-surfaces re-sellers, and top 10 high-end residential carpet manufacturers. As disclosed in Live Deal's recent 8-K filing, Marquis netted nearly $9M in gross profit for the six months ended June 27, 2015 (unaudited). Marquis is on target to exceed both its gross profits and net income compared to last year, which as of its most recent year-end (January 5, 2015), were $14.4M and $5.0M, respectively. In addition, Marquis showed nearly $37M in assets (unaudited) as of June 27, 2015 and nearly $60M in revenue in its January 5, 2015 year-end. "We have long expressed our commitment to optimized stockholder value, and we believe that the acquisition of Marquis, as well as the formation of Live Ventures, demonstrates that commitment by ensuring that our strategy is to reach sustainable and increasing profitability," said LiveDeal CEO, Jon Isaac. "The Marquis acquisition will significantly improve our financials, and we look forward to ensuring that our business strategy moving forward remains dedicated to increasing profits, and maximizing value for our stockholders."