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LiveWorld Resumes Auditing of Its Financials

Los Gatos, Calif., (June 20, 2006): LiveWorld, Inc. (Pinksheets: LVWD.PK) (www.liveworld.com), a leading online community marketing services agency, today announced that it has formally resumed auditing of its financials. Stonefield Josephson, the Company’s auditor of record, has commenced work to review and audit financials for recent years as well as for 2006.

“Our growth, proven business model and momentum has reached a point appropriate to resume auditing,” said Peter Friedman, Chairman and CEO of LiveWorld. “We have always maintained rigorous and conservative financial management whether audited or not and hence this is a straightforward transition.”

LiveWorld was founded in 1996, went public on the NASDAQ in 1999 under the name Talk City (ticker TCTY). In 2001, the Company sold the Talk City web site to concentrate on its primary business; private label community and social networking services for Fortune 1000 companies. In May 2001, the Company changed its name back to LiveWorld and moved to the OTC Bulletin Board. The Company transitioned to the Pink Sheets (ticker: LVWD.PK) in 2002 as part of its aggressive cost reduction strategy, including reducing third-party services such as auditing and the filing of SEC reports.

The Company expects to begin releasing audited financials as of its reports for the third quarter of 2006.

Stonefield Josephson, the Company’s auditor at the time of its last SEC filing in November 2002, and the Company’s tax firm, continues now as the auditor.

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, QVC, Tulane University and TV Guide. LiveWorld is headquartered in Los Gatos, California and deploys its services in over 30 country-language combinations.

About Stonefield Josephson, Inc.:
(www.sjaccounting.com) is a California-based certified public accounting firm founded in 1975. The full-service firm serves public and privately held clients throughout the United States and internationally from four California locations: Los Angeles, Orange County, San Francisco and the East Bay.

LiveWorld Contacts
Public Relations Contact: Betty Taylor, bettyt@krause-taylor.com, Ph: 408-918-9080
Investor Relations Contact: Brinlea Johnson, 212-867-2593

Safe Harbor" Statement Under The Private Securities Litigation Reform Act:
This press release contains forward-looking information concerning LiveWorld’s future expectations and prospects. These statements include those regarding LiveWorld’s resumption of auditing services. LiveWorld’s business and financial results may vary materially 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 risk factors.)