Live Current Reports Earnings

Live Current Media Inc. a member of our Domain Stock Parking Index announced earnings for the third quarter, ending September 30, 2008.

Here are the highlights

• Record Q3 revenue of $1.95 million, driven by significant sales growth in the health and beauty segment.
• Record Q3 Perfume.com revenue of $1.93 million, an increase of 29% compared to Q3 of 2007, marking the fourth consecutive quarter with quarterly year-over-year revenue growth of more than 27%.

Also in this quarter the company announced a partnership with Domain Strategies, Inc., a leading internet development and management company, to jointly establish a new company for the purpose of building, managing and monetizing the www.karate.com domain name owned by Live Current. Management expects this will be a model for future partnerships for much of the Company’s valuable domain name portfolio.

The company also entered into an agreement with Palo Alto-based investment bank Arbor Advisors, LLC to sell six of the Company’s, non-core, but highly valuable dot-com domain names from its portfolio of more than 800 domains. Live Current expects to negotiate transactions for the sale of some or all of the six domain names within the next 60 days.

Geoffrey Hampson, Chairman and CEO of Live Current, said, “In the third quarter, we saw continued strong growth in our core health and beauty business as well as achieving important milestones in our emerging cricket media business. Both of our core business units are now well positioned for near-term growth. Despite challenging market conditions, Perfume.com is well positioned for continued growth during the fourth quarter holiday season, our busiest and most important time of the year.

GCV will launch additional exclusive cricket properties over the next several quarters, including the official website of the Champions League Twenty20.” Hampson further stated, “The value of our portfolio of exclusive digital cricket content and properties continues to grow as we launch the sites. The interest and level of engagement around cricket and, in particular, the new T20 format is astounding. The massive level of fan support and investment by major global media brands that has recently taken place bodes well for the monetization of the unrivaled set of rights acquired by GCV.”

Live Current  is currently trading at $.60 a share, down $.05 today and well below its 52 week high of $3.48