LiveWorld Issues Warrants to WPP
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 .
About LiveWorld, Inc.
LiveWorld (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
Safe Harbor Statements Under The Private Securities
Litigation Reform Act:
This press release may include forward-looking statements about
WPP’s plans, objectives, projections and anticipated
future economic performance based on assumptions and the like
that are subject to risks and uncertainties. As such, actual
results or outcomes may differ materially from those discussed
in the forward-looking statements. Important factors that may
cause actual results to differ include but are not limited to:
the unanticipated loss of a material client or key personnel,
delays or reductions in client advertising budgets, shifts in
industry rates of compensation, government compliance costs or
litigation, natural disasters or acts of terrorism, WPP’s
exposure to changes in the values of other major currencies
(because a substantial portion of its revenues are derived and
costs incurred outside of the United Kingdom) and the overall
level of economic activity in WPP’s major markets (which
varies depending on, among other things, regional, national and
international political and economic conditions and government
regulations in the world’s advertising markets), as well
as the risk factors identified and discussed in WPP’s
filings with the Securities and Exchange Commission. In light
of these and other uncertainties, the forward-looking
statements included in this press release should not be
regarded as a representation by WPP that its plans and
objectives will be achieved.
LiveWorld Contacts
PR Contact: Betty Taylor, bettyt@krause-taylor.com
, Tel: +1 (408) 918-9080
IR Contact: Brinlea Johnson: The Blueshirt Group, for
LiveWorld, Tel: +1 (212) 867-2593