LiveDeal Takes Distribution to a New Level With Products for Sale on Amazon.com
BALTIMORE, Mar. 30, 2015 /PRNewswire/ -- Goldman Small Cap Research, a stock market research firm focused on the small cap and microcap sectors, announced today that it has released a new article on LiveDeal, Inc. (NASDAQ – LIVE) regarding its new product distribution arrangement with Amazon.com. To view the sponsored research article, previous LIVE reports and updates, along with disclosures and disclaimers, or to download them in their entirety, please visit www.GoldmanResearch.com.
In the article, analyst Rob Goldman provides details and analysis on the Company's recently announced press release regarding Amazon.com.
"Following the introduction of new ecommerce initiatives, LiveDeal has now taken its product distribution to a new level with the recent announcement that numerous consumer products offered by the Company and its Modern Everyday subsidiary are now available for purchase on Amazon.com."
Goldman also noted, "Considering the power of Amazon's reach, this new initiative serves as a major event for LiveDeal. According to Alexa, the Amazon.com website is the 4th highest trafficked website in the U.S. and industry data suggests that the number of monthly visitors to the website is up by more than 18% year-over-year to nearly 700 million while the average visit lasts nearly 11 minutes. With a 2015 Wall Street consensus sales estimate of $102 billion, sales through the Amazon channel could have a material impact on LiveDeal's revenue this year and beyond."
"It should be noted that LiveDeal's ModernEveryday.com ecommerce website is no slouch, either. Alexa reports that ModernEveryday.com visitors spend an astounding 16 minutes per visit, far greater than even Amazon. Clearly, this metric illustrates the popularity of the Company's offerings and is likely indicative of the magnitude of its future success as more and more products are populated on the Amazon.com website. Judging by recent events, LiveDeal is leveraging its strength and experience in deal offers with new, broad product distribution which could also serve to increase the Company's future valuation."
About Goldman Small Cap Research: Founded in 2009 by former Piper Jaffray analyst and mutual fund manager Rob Goldman, Goldman Small Cap Research produces sponsored and non-sponsored small cap and microcap stock research reports, articles, daily stock market blogs, and popular investment newsletters. Goldman Small Cap Research is not in any way affiliated with Goldman Sachs & Co.
This press release contains excerpts of our most recently published sponsored research article on LiveDeal, Inc. The information used and statements of fact made have been obtained from sources considered reliable but we neither guarantee nor represent the completeness or accuracy. Goldman Small Cap Research relied solely upon information derived from LiveDeal, Inc. ("the Company") authorized press releases or legal disclosures made in its filings with the U.S. Securities and Exchange Commission http://www.sec.gov.
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About LiveDeal, Inc.: LiveDeal Inc. (NASDAQ – LIVE) provides marketing solutions that boost customer awareness and merchant visibility on the Internet. LiveDeal operates a deal engine, which is a service that connects merchants and consumers via an innovative platform that uses geo-location, enabling businesses to communicate real-time and instant offers to nearby consumers. In November 2012, LiveDeal commenced the sale of marketing tools that help local businesses manage their online presence under the Company's Velocity Local™ brand. LiveDeal continues to actively develop, revise, and evaluate these products and services and its marketing strategies and procedures. More information on LIVE can be found at www.LiveDeal.com.
Goldman Small Cap Research
Rob Goldman, Analyst
+1-410-609-7100
[email protected]
SOURCE Goldman Small Cap Research
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