LiveWorld Announces Record Quarterly Revenue.SAN JOSE, Calif. -- LiveWorld, Inc. (Pink Sheets:LVWD), a leading online social networking and community services marketing agency, today reported a 26% sequential revenue increase to approximately $2.9 million in the fourth quarter ended December 31, 2006 compared to revenue in the third quarter of 2006. This represents 16% growth over $2.5 million in revenues in the fourth quarter of 2005 and the largest ever revenue quarter for its private-label social network services business. "We are delighted with our fourth quarter results, as this was our highest revenue quarter since the technology downturn in 2000," said Peter Friedman, LiveWorld's Chairman & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Our results demonstrate the continued growth of, and demand for, our social network and online community marketing services. We are particularly encouraged by the initial traction of LiveWorld-WPP, our joint venture formed this past summer with global marketing services leader WPP WPP Wire & Plastic Product PLC WPP World Press Photo WPP Web Presence Provider WPP Wolf Pack Productions (anime fan subbing group) WPP Witness Protection Program WPP Wireless Packet Platform WPP Work Package Planning which provides us leverage with WPP agencies and into new accounts. During the quarter, we expanded our product line, and added several major new clients, including the launch of new communities for the NBA NBA abbr. 1. National Basketball Association 2. National Boxing Association NBA (US) n abbr (= National Basketball Association) → Basketball-Dachverband (= , Verizon and ClickStar." LiveWorld is a leading provider of outsourced private label online social network and community services for Fortune 1000 companies worldwide. Major clients include AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. , eBay, A&E, HBO Hyperbaric oxygen therapy (HBO) A form of oxygen therapy in which the patient breathes oxygen in a pressurized chamber. Mentioned in: Ozone Therapy , the NBA, TV Guide, The Campbells Soup Company, The Coca Cola Company, Kraft Foods, Verizon and MINI Cooper USA. LiveWorld's solutions enable client companies to choose and deploy from a broad mix of social networking applications (profiles, friends lists, blogs, photo albums, message forums, community galleries community calendars, groups, mobile alerts, mobile uploads, interactive webcasts and more), moderation services, community management and reporting services to best meet their needs. LiveWorld has resumed auditing its financials and expects to release complete earnings statements in March, 2007, consistent with the latest SEC timing rules for companies of its size. "Looking ahead, we are positive about our market and leadership position in this dynamic sector," explained Mr. Friedman. "While we currently expect some seasonality in revenue for the first quarter, we expect continued growth for overall Year 2007 compared to Year 2006." About LiveWorld, Inc. LiveWorld (Pink Sheets:LVWD)(www.liveworld.com) is the leading interactive marketing agency specializing in private label online social networks and communities for Fortune 1000 companies. LiveWorld creates, operates, and manages services based on its unique community applications and moderation platform. With twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights. 2. of experience, an extensive applications hosting platform, over 1 Million hours of delivered moderation and nearly $10 Million in revenue, LiveWorld is the trusted partner of leading brands worldwide. Clients include America Online, A&E Television Networks, AOL UK, BEA Systems, BlogSafety.com, Breast Cancer.org, eBay, The Campbell Soup Company Campbell Soup Company (NYSE: CPB) (also known as Campbell's) is a well-known American producer of canned soups and related products. Campbell's products are sold in 120 countries around the world. It is headquartered in Camden, New Jersey. , ClickStar, The Coca-Cola Company, Discovery Communications, HBO, IDG IDG International Data Group IDG Integrated Drive Generator IDG Installation Design Guide IDG Internet Discussion Group IDG Inset Dielectric Guide IDG International Dangerous Goods (mail, shipping) , Intel, Kraft Foods, Land Rover, Match.com, MINI Cooper USA, MTV MTV in full Music Television U.S. cable television network, established in 1980 to present videos of musicians and singers performing new rock music. MTV won a wide following among rock-music fans worldwide and greatly affected the popular-music business. , The NBA, QVC QVC Quality Value Convenience QVC Question Valid Command , Tulane University, TV Guide and Verizon. Agency relationships have included AKQA AKQA All Known Questions Answered (Cocoa Cola), AOL Media (Dove, Target and media clients), Beamland (MINI), Euro RSCG (Campbells, MINI), Digiton (media client), Hill, Holiday, Connors, Cosmopulos (financial services client), Ogilvy (Dove), Questus (Verizon), and Wunderman UK (Land Rover). LiveWorld is headquartered in San Jose, California San Jose (IPA: /ˌsænhoʊˈzeɪ/) is the third-largest city in California, and the tenth-largest in the United States. It is the county seat of Santa Clara County. and deploys its services in over 30 country-language combinations. For further information, visit www.liveworld.com. Safe Harbor Statement Under The Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and : This press release may contain forward-looking information concerning LiveWorld's plans, objectives, future expectations and prospects. This press release may also contain forward-looking information concerning LiveWorld's future expectations, forecasts and prospects. These statements may include those regarding LiveWorld's current or future financial performance including, but not limited to lists of clients, revenue and profit, use of cash, investments, relationships and the actual or potential impact of stock option expense. Actual results may differ materially from those expressed in the forward looking statements made as a result of, among other things, the state of the economy, LiveWorld's ability to successfully deliver upon its contractual commitments, clients continuing their ongoing relationships with the Company, LiveWorld's ability to acquire new customers, changing accounting treatments, and other risks applicable to the Company. (See the Company's Q3, 2002 10Q filing for a list that includes other possible risk factors.) LiveWorld recently announced that it has resumed auditing its financials and currently expects during Q1, 2007 to begin releasing audited results of complete financial statements. |
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