LiveWorld Announces Over $4.1 Million Signed Revenue for 2004 and 58% Growth Over 2003
LOS GATOS, Calif., May 6, 2004 - LiveWorld, Inc. (Pinksheets: LVWD.PK) today announced it has signed contracts in place that will produce over $4.1 Million in revenue for Year 2004. $4.1 Million revenue for year 2004 compares to $2.6 Million in 2003, resulting in year over year growth of 58%."This revenue momentum represents the annuity strength of LiveWorld’s business model, as well as the ever increasing value we deliver to our Fortune 1000 clients, said LiveWorld Chairman & CEO, Peter Friedman. LiveWorld’s signed revenue for 2004 is a mixture of contracts with new clients as well as renewals and expansion from existing clients.
The Company said that it expects continued growth in revenue
for Year 2004 and it will continue to manage financials tightly
with the expectation of having approximately breakeven results.
Actual results may vary quarter to quarter as it invests more
in overall growth of the business.
About LiveWorld
LiveWorld (Pinksheets: LVWD.PK, www.liveworld.com ) is a leading
provider of online community solutions for business: loyalty
marketing communities, customer support communities, and
business intelligence communities based on LiveWorld’s
unique community applications platform. LiveWorld solutions
enable Fortune 1000 companies to reduce costs, increase
revenues, and strengthen customer relationships. Clients
include companies such as America Online, eBay, HBO, MINIUSA,
The Campbell’s Soup Company, Fidelity Investments,
A&E Television Networks, SUN Microsystems, Warner Brothers,
and Discovery Communications. LiveWorld is headquartered in Los
Gatos, California.
PR Contact: Jay Friedman, 408-370-4522
"Safe Harbor" Statement Under The Private Securities Litigation Reform Act: This press release contains forward-looking information concerning the Company’s future expectations, forecasts, and prospects. These statements include those regarding the Company’s current or future financial performance. Actual results may differ materially from those expressed in the forward looking statements made by the Company as a result of, among other things, the Company’s ability to successfully deliver upon its contractual commitments, clients continuing their ongoing relationships with the Company, ability to acquire new customers, and other risk factors described in the Company’s latest 10Q and 10K filed with the SEC. Financial information quoted in this release represents results that have not been audited nor reviewed by an outside accounting firm.