LiveDeal ( Nasdaq: LIVE ) Gives Customers What Groupon and LivingSocial Doesn’t
LiveDeal ( Nasdaq: LIVE ) Gives Customers What Groupon and LivingSocial Doesn’t – Instant Deals LiveDeal, Inc.’s (NASDAQ: LIVE) innovative new platform livedeal.com can operate in a number of verticals, but the company has chosen the $660 billion dining industry to establish their footprint in the Daily Deal space. LIVE’s new platform allows restaurants to attract business when they need it and it allows hungry diners to find great deals exactly when they’re hungry right in their own area thanks to its geo-location capability. LIVE launched it’s platform in the fourth quarter in San Diego, California, and the numbers are strong. Livedeal just recently launched in Los Angeles and announced today that they are launching in San Franscisco with hundreds of businesses already onboard in just a matter of weeks. Jon Isaac, CEO of LiveDeal, says he’s already captured about a thousand dining establishments or 20 percent of the restaurants in San Diego. This is a mind boggling considering most daily deal companies including Groupon have little more than two dozen participating restaurants at any given time. The concept has taken off and its popularity has prompted Isaac to move into Los Angeles where he’s already brought hundreds of restaurants on line in a matter of weeks. LiveDeal.comThe concept is so simple, it’s genius. Unlike Groupon (GRPN) and LivingSocial, LiveDeal’s platform gives restaurants full control and flexibility to instantly publish customized offers whenever they wish to attract customers. This flexibility and immediacy could explain why restaurants have fallen in love with the concept. Whether it’s a Tuesday from noon to 6 PM, or a Thursday from 3 PM to 7 PM, restaurants have the ability to create any type of promotion, on any day, and at any time. LiveDeal’s platform is a win-win for both the restaurant and hungry diners who can immediately see all “live” deals using any mobile device or by going online and take advantage of those deals as restaurants post them real-time.
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