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    Small-Cap Stock Spotlight: LiveDeal Inc. (LIVE) Trades Higher after CEO Sacking

    Small-Cap Stock Spotlight: LiveDeal Inc. (LIVE) Trades Higher after CEO Sacking

    Shares of LiveDeal Inc. (Nasdaq: LIVE) gained as much as 26.0% to $3.66 Monday, in the wake of president and CEO  Kevin Hall’s termination.  In an SEC filing last week, the company stated that, on January 13, it terminated the employment of president and CEO Kevin Hall effective as of January 20, 2012. The company stated that Hall will not be on the slate of candidates nominated for re-election to the board of directors at the company’s upcoming annual meeting of stockholders.

    LIVE shares have gained 17.3% in the last five days, though the stock dropped 12.5% in the last month.  Year-to-date, the stock is down 40.9%.

    The company named Jon Isaac as its new president and CEO. With a background in economics and finance, Isaac was previously appointed to the company’s board of directors on December 12, 2011. Isaac, 29, founded and heads the Isaac Capital Group, a privately held investment company, where he has closed a variety of multi-faceted real estate transactions, including transactions involving the U.S. federal government and publicly traded companies.

    Headquartered in Las Vegas, Nevada, LiveDeal provides local customer acquisition services and related products for small businesses to deliver an affordable way for businesses to extend their marketing reach to target customers via the Internet.

    The company late last month announced that it has received a notice from Nasdaq confirming that it has regained compliance with the minimum bid price rule for continued listing.

    The company’s securities will continue to be listed on The NASDAQ Capital Market based upon the company’s compliance with all continued listing standards, including the $1 million market value of publicly held shares requirement. As of the close of business on December 27, 2011, the company evidenced a market value of publicly held shares of approximately $4.7 million, and had evidenced a market value of publicly held shares in excess of $1 million for 10 consecutive business days.

    The company last received a notice of delisting or failure to satisfy a continued listing rule or standard in September.

    Shares of LIVE added $0.59, or 20.28%, to close at $3.50. Over 355 K shares exchanged hands during the session, topping the 10-day average of 91.80 K

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