Business
LiveWorld Issues Warrants to WPP
LiveWorld Issues Warrants to WPP.
About this update from Liveworld, Inc.
[{"type":"text","content":"Los Gatos, Calif., (July 13, 2006): LiveWorld, Inc. (OTC Pink Sheets: LVWD.PK), a world leader in online customer community and social networking services, today announced that in conjunction with the formation of a joint venture company with WPP (see separate press release, July 13, 2006: WPP and LiveWorld announce...), the Company issued WPP a warrant for 1 million shares of LiveWorld stock priced at $1.00/share and a warrant for 1 million shares of LiveWorld stock priced at $1.10/share. Additional details regarding the terms of the joint venture are available at LiveWorld's site, www.liveworld.com.\r\n\r\n \r\nAbout LiveWorld, Inc.\r\nLiveWorld (OTC Pink Sheets: LVWD.PK, www.liveworld.com) is the leading interactive agency specializing in online customer communities and social networking for Fortune 1000 companies. LiveWorld creates, operates, and manages custom customer communities based on its unique community applications and moderation platform. LiveWorld solutions enable companies to strengthen customer relationships, increase revenues, and reduce costs. With twenty years of experience and nearly $10 Million in revenue, LiveWorld is the trusted partner of leading brands worldwide. Client companies include 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, QVC, Tulane University and TV Guide. LiveWorld is headquartered in Los Gatos, California and deploys its services in over 30 country-language combinations.\r\n\r\nSafe Harbor Statement Under The Private Securities Litigation Reform Act:\r\nThis press release contains forward-looking information concerning LiveWorld's future expectations and prospects. These statements include those regarding LiveWorld's current or future relationships, warrants and stock price. 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 ...