“This was a critical transitional quarter for LiveDeal,” said Michael Edelhart, Interim Chief Executive Officer. “The Company has put itself in a position to continue investment in fiscal 2008 in order to capture the market opportunities in front of us.”

Gross profit for the third quarter of fiscal 2008 was approximately $4.7 million, down from $5.1 million in the third quarter of fiscal 2007.

The Company continued to coordinate the efforts of its operations in the Philippines and its Las Vegas premium sales effort. The Las Vegas call center’s third quarter earned revenue exceeded second quarter earned revenue by 196%.

With local targeting, advertisers have the ability to direct LiveDeal visitors to their nearest retail outlet. “There’s the ability for corporate-level advertisers such as a Century 12 or a Remax…to place ads with us on a national basis,” LiveDeal.com’s VP of Corporate Development, Steve Harmon, suggests, “but then we localize the ads so they’re specifically targeted to sending users or potential buyers to their local outlets.” Advertisers can target their ads by geography, zip code, city, keyword, IP address, operating system and company name, and they can also specify whether they want their ads to appear on the LiveDeal home page, the category pages or the detail pages.

LiveDeal has been ranked one of the 10 most visited online classified sites by comScore (beating out tough competitors like Yahoo! Classifieds) and serves more than 1 million unique users per month. The site displays at least 400,000 items per day in categories including automobiles, real estate, pets, merchandise, jobs and services.