Business Wire: October 20,
2010
VANCOUVER – Live Current
Media Inc. (OTCBB:LIVC) (the “Company”) announces that the votes in favour of
the directors proposed by David Jeffs exceeded the votes in favour of the
directors proposed by management by 3.75 million at the annual meeting held in
Las Vegas on October 12, 2010. The votes were certified by the independent
inspector of elections on October 15, 2010, at which time the new directors
were elected to serve until the next annual meeting.
The new directors are David
Jeffs, John DaCosta, Carl Jackson, Susan Jeffs, Cameron Pan, Adam Rabiner and
Amir Vahabzadeh.
On October 14, 2010, Geoff
Hampson resigned as CEO of the company. On October 15, 2010, the new board appointed
David Jeffs as interim CEO.
The company thanks the
shareholders for their ongoing support and will provide more details soon about
management’s plans and efforts to place Live Current on solid financial footing
and rebuild shareholder value. The company thanks Laurel Hill Advisors for
their assistance with the proxy contest.
About Live Current Media Inc.
Live Current owns one of the
most powerful and engaging content and commerce destinations on the Internet in
www.perfume.com. This site and others in the Company’s portfolio can be built
into subject-specific DestinationHubs™, that can connect people to each other
and to the information, brands, and products they are passionate about. Live
Current has headquarters in Vancouver, Canada with an office in Mt. Olive, NJ
and is publicly traded on the OTCBB (LIVC). For more information, visit http://www.livecurrent.com or http://www.perfume.com
All statements in this press release that are not
statements of historical fact are forward-looking statements, including
particularly statements of projected future revenues and net margins and the
Company’s expectation that it will break even in 2012, as well as any
projections of growth, earnings, revenue, cash or other financial items, any
statements of the plans, strategies, objectives and goals of management for
future operations, any statements regarding future economic conditions or
performance, statements of belief and any statements of assumptions underlying
any of the foregoing. These
statements are based on expectations and assumptions as of the date of this
press release and are subject to numerous risks and uncertainties, which could
cause actual results to differ materially from those described in the
forward-looking statements. These
risks and uncertainties include, but are not limited to, general economic
conditions particularly as they relate to demand for our products and services;
competitive factors; pricing pressures; changes in operating expenses; our
ability to raise capital as and when we need it and other factors. Live Current Media Inc. assumes no
obligation to update these forward-looking statements to reflect future events
or actual outcomes and does not intend to do so.
Contact:
Live Current Media Inc.
Andrea Laird
604-453-4870 or 1-866-898-4354
andrea@livecurrent.com
