Live Ventures Incorporated is a Diversified Holding Company with a strategic focus on acquiring U.S.-based middle market growth companies.
ABOUT USLive Ventures Incorporated is a publicly traded company on the NASDAQ Capital Market. Formerly known as LiveDeal, Inc., our company was originally incorporated in 1968 as Nuclear Corporation of New Mexico.
In late 2011, our CEO and activist investor Jon Isaac rescued LiveDeal from near bankruptcy, days before NASDAQ was due to delist it. We immediately brought in an aggressive new management team—with Isaac at the head—and a life-saving healthy flush of new capital. Together, our team began to rebuild LiveDeal into a highly successful competitor against mobile marketing heavyweights like Groupon and Living Social.
But that success was only step one in our vision for LiveDeal. Today, the former LiveDeal proudly wears the name Live Ventures. We have become a diversified holding company with the sole mission of delivering shareholder value by acquiring profitable, stable and growing companies.
Unlke the early days of LiveDeal Inc., Live Ventures is a thriving enterprise today, with nearly $18 Million in net profit in 2016, total assets of over $120 million, and approximately 1,200 employees across the United States.
Acquisitions are commonplace in corporate America, but we have a commitment that sets us apart. From the moment we take ownership, we invest millions into growth and capital improvements, creating new jobs along the way. Live Ventures is not a trader, turnover machine, or private equity firm. We have never sold a single company we have acquired.
At Live Ventures, we don’t exploit weak businesses, we make them strong again.
1968
Company originally incorporated as Nuclear Corporation of New Mexico.
Company becomes yp.com, the first company to take the Yellow Pages online.
1996
2008
yp.com is sold to AT&T, and company changes name to LiveDeal Inc.
After years of failed starts, company nears bankruptcy and faces a delisting from Nasdaq.
2011
Q4 2011
Jon Isaac, through his private entity Isaac Capital Group makes an equity investment in LiveDeal making him the largest stockholder.
Jon Isaac appointed as CEO of LiveDeal.
2012
2015
Company repositioned as a holding company and renamed to Live Ventures Incorporated; Company acquires Marquis Industries Inc., a top 10 manufacturer of residential carpet in the US, for $30 Million.
Company initiates a $10 Million share repurchase program; Acquires Vintage Stock Inc., a leading 59-store Midwestern discount, buy-sell-trade retailer for $60 Million.
2016
Marquis is a leading carpet manufacturer and a manufacturer of innovative yarn products, as well as a reseller of hard surface flooring products. Over the last decade, Marquis has been an innovator and leader in the value-oriented polyester carpet sector, which is currently the market’s fastest-growing fiber category. Since its founding in 1990, Marquis has built a strong reputation for outstanding value, styling, and customer service. Through its A-O Division, utilizes its state-of-the-art yarn extrusion capacity to market monofilament textured yarn products to the artificial turf industry.
Since its founding in 1980, Vintage Stock has established a strong reputation for being America’s largest entertainment superstore. The chain offers a large selection of entertainment products including movies, video games and music products, books, comics, toys and collectibles all available in a single location. Vintage Stock buys, sells and trades new and pre-owned products through 59 ‘Vintage Stock’, ‘Movie Trading Company’ and ‘EntertainMart’ retail locations across Texas, Idaho, Oklahoma, Kansas, Missouri, Colorado, Illinois, Arkansas and New Mexico.
We have a simple criteria for acquisition. please contact us if you believe your company is a good candidate for our family of companies.
- Minimum pre-tax profits of $5 Million annually
- Existing Management teams in place
- Simple, easy to understand companies
- Consistent and stable earnings