Livedeal (NASDAQ:LIVE)

SAN DIEGO, CA--(Marketwire - Jan 30, 2012) - Isaac Capital Group ("ICG"), the private equity division of Isaac Organization, announced today that it has acquired a stake in LiveDeal, Inc. (NASDAQ: LIVE), a provider of web-based customer acquisition and related products for small, local businesses. LiveDeal recently raised $2 million in equity, which demonstrated its compliance with NASDAQ's minimum stockholders' equity requirement of $2.5 million. The transaction closed on December 12, 2011.

"ICG's investment in LiveDeal provides us with broader access to the capital markets, including larger, institutional investors," said Jon Isaac, president and CEO of ICG.