FOR
IMMEDIATE RELEASE
YP
CORP. ANNOUNCES OFFICIAL CORPORATE NAME CHANGE TO LIVEDEAL,
INC.
Company
Announces Reverse Stock Split
SANTA
CLARA, Calif. & MESA, Ariz.— August 15, 2007–YP
Corp. (OTCBB:YPNT), the creator of the first combined local online classifieds
and Yellow Pages marketplace, today announced its official corporate name change
to LiveDeal, Inc. (www.livedeal.com).
The
corporate name change was motivated by YP Corp.’s recent acquisition of the
well-known online brand, LiveDeal, Inc., and is a true reflection of the
company’s commitment to building a first-of-its-kind hyper-local, integrated
classifieds and Yellow Pages marketplace for businesses and
consumers.
“We’ve
chosen to rename our company to LiveDeal because it’s a well known Internet
brand that best represents our business, our mission and our future,” said
Daniel Coury, CEO and vice chairman of LiveDeal, Inc. “Our mission is
to create the leading online local marketplace that includes Yellow Pages,
classifieds, e-commerce and other Web 2.0 features. The name LiveDeal makes
perfect sense and will continue to resonate with both our corporate and consumer
customers.”
“With
the
merged technology and assets of the former YP Corp. and its
subsidiary LiveDeal, we are able to leverage the best of the Web and converge
directories, mobile services, classifieds and advertising/distribution networks
into one powerful and rewarding experience,” added Rajesh Navar, founder,
president and chief architect of LiveDeal, Inc. “We look forward to adding more
enhanced features to our marketplace that will give our consumers and businesses
unparalleled marketing and e-commerce capabilities.”
LiveDeal,
Inc. also announced today that its board of directors has approved a 1-for-10
reverse stock split of the company's common stock, effective today. The
company's shareholders previously authorized the reverse stock split on August
2, 2007.
About
LiveDeal, Inc.
LiveDeal,
Inc. is a leader in the local online classifieds and Yellow Pages market with
millions of goods and services listed for sale, in every city and zip code
across the U.S. Through its online properties YP.com and
LiveDeal.com, LiveDeal offers businesses and consumers a simple and affordable
way of creating a web presence and marketing their products and services to
local audiences. Buyers and sellers come together through LiveDeal’s
vast local marketplaces to find and list business services, merchandise, real
estate, automobiles and pets.
###
Media
Contacts:
Marian
Hughes
Tier
One
Partners
On
behalf
of LiveDeal
708-246-0083
Laura
Lebaudy
Tier
One
Partners
On
behalf
of LiveDeal
610-527-8138