LiveDeal, Inc. Announces Strategic Partnership with RealtyTrac
LiveDeal, Inc. (OTCBB:LVDL), the nation’s first combined local online classifieds and Yellow Pages marketplace, and RealtyTrac®, the leading online marketplace for foreclosure properties, today announced a strategic partnership to cross-market their respective services to new and existing customers nationwide. Specific financial terms of the multi-year deal are not available.
“This exciting new partnership with LiveDeal will allow RealtyTrac customers to take advantage of LiveDeal’s best-of-breed Real Estate Vertical and disseminate important housing information to a whole new audience of potential buyers,” said Rick Sharga, Vice President of Marketing, RealtyTrac.
The partnership will make use of LiveDeal’s sales force to sell its Yellow Pages and online classifieds hybrid marketing package to RealtyTrac customers, who will have the ability to place their house listings on both the Live Deal Yellow Pages marketplace as well as through LiveDeal’s online classifieds solution. A complete listing of houses can be viewed by all LiveDeal customers.
RealtyTrac will offer its industry-leading foreclosure services and information to LiveDeal customers, who will gain instant access to over 1.2 million foreclosure and bank-owned homes. Interest in foreclosures is one of the few growth areas in the current housing market, and providing this information may encourage more interaction between real estate professionals and home buyers interested in acquiring distressed properties.
“Our priority and focus is about providing our customers and strategic partners with services that improve and expand their businesses,” said Daniel L. Coury, Sr, CEO and vice chairman, LiveDeal, Inc. “Through our partnership with RealtyTrac, we will offer a complete suite of powerful online services to help real estate professionals establish, market and maintain a strong Web presence for their business. At LiveDeal, we view these accretive web services as highly relevant to our customer base.”
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 Mesa, Arizona. For more information, please visit LiveDeal.com.
About RealtyTrac Inc.
Ranked as the third largest real estate site by MediaMetrix and No. 53 on Inc. magazine’s 2006 Inc. 500 list of the nation’s fastest-growing private companies, RealtyTrac Inc. (http://www.realtytrac.com/), is the leading online marketplace for foreclosure properties, providing all the resources that home seekers, investors and real estate agents need to locate, evaluate and buy properties below market value.
Founded in 1996, RealtyTrac publishes the largest and most comprehensive national database of pre-foreclosure, foreclosure, For Sale By Owner, resale and new construction properties, with more than 1 million properties across the country, property reports, productivity tools and extensive professional resources. RealtyTrac hosts nearly 3 million unique visitors monthly and has been chosen to supply foreclosure data to MSN Real Estate, Yahoo! Real Estate and The Wall Street Journal’s Real Estate Journal.
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