LiveDeal Inc. Announces That Rajesh Navar Elected Chairman of the Board
LiveDeal, Inc. (NASDAQ:LIVE), the nation’s first combined local online classifieds and Yellow Pages marketplace (www.livedeal.com), announced today that Rajesh Navar, founder of Livedeal.com, has been elected Chairman of the Board of LiveDeal, Inc. Further, the company is pleased to announce the addition of two new board members, Mike Edelhart and Gregory LeClaire. In addition, as of May 23, 2008, Dan Coury has ceased to be the CEO of the company and a member of the board of directors. The board will be looking for a permanent CEO.
“These board members bring an enormous wealth of experience to LiveDeal, Inc. that we believe will help us as we look for a permanent CEO,” said Rajesh Navar, Founder and Chairman of LiveDeal, Inc. “Dan Coury contributed a great deal to this company by working tirelessly to turn the company around and was able to give investors ten straight quarters of profitability. We wish him well in his new ventures and thank him for his contributions to this company.”
About Mike Edelhart
Mike Edelhart brings to LiveDeal an extensive resume as a long-standing media and Internet start-up investor and executive. Currently, Mike is founder and Managing Director of First 30, a new company-creation consultancy. First 30′s first major project is spinning off and operating an Internet company and sub-brand for a major East Coast non-profit. Mike is also an advisor to Infovell, Inc., which has developed revolutionary technology for high end search, after serving as the company’s initial CEO. He is chairman of the board of Olive Software, a Sequoia backed XML software developer, where he earlier was CEO. Other current assignments include: Board of Directors member, Good Health Ad Network; Advisor, Aggregate Knowledge; Advisor: SmaSh Technology; and Advisor: Intridea.
Previously, Mike was CEO of Inman News, the leading provider of information, analysis and events to the residential real estate community, and Zinio Systems, which produces and distributes magazines in digital form. Mike joined Zinio from Redleaf Group, an early stage investment company where he was Sr. Director of the San Francisco office. Prior to Redleaf, he was founder and CEO of Intagio (formerly “BarterTrust”), an international clicks-and-mortar non-cash exchange network.
Mike was President and CEO of Third Age Media and a Vice-president at SoftBank, where he directed content for the Seybold, Interop and Comdex conferences and launched new businesses in online education, conferences and consulting. Prior to SoftBank, Mike spent thirteen years at Ziff Davis in a variety of executive and editorial positions. He was the original Executive Editor of PC Magazine, Editor-in-Chief of PC Week and Editor/Publisher of PC/Computing. Mike has served as an Internet strategies consultant to Bloomberg, Reuters, AARP and other major media and Internet companies. Mike, the author of more than 25 books on subjects ranging from Intel processors to the social history of Virginia and earth sheltered housing design, earned a Bachelor of Science degree in journalism from the University of Northern Colorado.
About Greg LeClaire
Greg A. LeClaire currently is the Chief Financial Officer and Corporate Secretary of the Board of Directors, CLEARONE COMMUNICATIONS, INC. (NASDAQ:CLRO). Mr. LeClaire served as vice president of finance and administration with Livedeal.com from April 2006 to August 2006. Earlier, he held a 12-year career in a variety of senior finance and accounting positions with UTAH MEDICAL PRODUCTS, INC. (NASDAQ:UTMD), rising to become vice president and chief financial officer. Prior to Utah Medical Products, he held audit and accountant positions with Zions Bancorporation and FMC Gold Corporation. Mr. LeClaire earned a Bachelor of Science degree in accounting from the University of Utah and a Master of Science degree in management from Stanford University.
About LiveDeal, Inc.
LiveDeal, Inc. is a leader in the local online classifieds and yellow pages marketplace with millions of goods and services listed for sale in every city and zip code across the U.S. Through its online properties LiveDeal.com and YP.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. LiveDeal, Inc. is headquartered in Las Vegas, Nevada. For more information, please visit LiveDeal.com.