LiveWorld Announces 4th Quarter and Fiscal Year 2009 Financial Results

SAN JOSE, Calif. & NEW YORK & LONDON, Mar 23, 2010 (BUSINESS WIRE) -- LiveWorld, Inc. (OTC Pink Sheets:LVWD.PK), a leading social network marketing agency, today reported fourth quarter 2009 total revenues of $2.3 million and a net loss of $1,000 as compared to $3.0 million in total revenues and net income of $165,000 reported in the fourth quarter of 2008. For fiscal year 2009 the Company reported total revenues of $9.8 million and a net loss of $150,000 as compared to $11.8 million in total revenues and a net loss of $1.1 million for the fiscal year 2008.

On a non-GAAP basis, the Company reported net income of $149,000 for the fourth quarter of 2009 which was a decrease of $251,000 from the $400,000 non-GAAP net income for the fourth quarter of 2008. For fiscal year 2009 the non-GAAP net income was $629,000, an increase of $741,000 compared to the non-GAAP net loss of $112,000 for fiscal year 2008.

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