LiveWorld Announces 63% Revenue Growth Already Signed for 2005
Full-service online community agency continues growth momentum.
Los Gatos, Calif., (May 10, 2005) - LiveWorld, Inc. (Pinksheets: LVWD.PK. www.liveworld.com) today announced that as of April 30, 2005, it already had signed contracts in place for 2005 revenue exceeding 2004 by at least 63%.
The Company stated that it has signed contracts for at least $8.5 Million revenue in 2005. Only four months into the year, this amount represents a 63% increase over last year, or $3.3 Million in revenue growth already booked. There is opportunity for additional upside included in the contracts. The $3.3 Million increase is approximately 124% of the entire revenue growth the Company experienced in all of Year 2004. (Year 2004 revenue grew $2.6 Million to $5.2 Million compared to Year 2003 revenue of $2.6 Million). The 2005 revenue growth comes from existing and new clients.
About LiveWorld, Inc.
LiveWorld (Pinksheets: LVWD.PK, www.liveworld.com) is a leading full service online community agency that creates, operates, and manages loyalty marketing, customer support, and business intelligence communities based on the Company's unique community applications platform and strategic community model. LiveWorld solutions enable Fortune 1000 companies to strengthen customer relationships, increase revenues, and reduce costs. Clients include companies such as America Online, A&E Television Networks, AOL UK, BEA Systems, eBay, The Campbell Soup Company, Discovery Communications, Dove, HBO, Intel, Intuit Inc., MINI Cooper USA, PayPal, QVC, Slim-Fast, The Walt Disney Company, and Warner Brothers. LiveWorld is headquartered in Los Gatos, California.
PR Contact: Peter Friedman, 800-514-2060
"Safe Harbor" Statement Under The Private Securities Litigation Reform Act:
This press release contains financial results that have not been audited or reviewed by an outside accountant and are subject to change upon such review. This press release also contains forward-looking information concerning LiveWorld's future expectations, forecasts, and prospects. These statements include those regarding LiveWorld's current or future financial performance including, but not limited to revenue growth. Actual results may differ materially from those expressed in the forward looking statements made by LiveWorld 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, and other risks applicable to the Company. (See the Company's Q3, 2002 10Q filing for a list that includes other possible risk factors)