<SEC-DOCUMENT>0001683168-17-000038.txt : 20170109
<SEC-HEADER>0001683168-17-000038.hdr.sgml : 20170109
<ACCEPTANCE-DATETIME>20170109102025
ACCESSION NUMBER:		0001683168-17-000038
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20170109
ITEM INFORMATION:		Regulation FD Disclosure
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20170109
DATE AS OF CHANGE:		20170109

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LIVE VENTURES Inc
		CENTRAL INDEX KEY:			0001045742
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROGRAMMING SERVICES [7371]
		IRS NUMBER:				850206668
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33937
		FILM NUMBER:		17516118

	BUSINESS ADDRESS:	
		STREET 1:		325 EAST WARM SPRINGS ROAD
		STREET 2:		SUITE 102
		CITY:			LAS VEGAS
		STATE:			NV
		ZIP:			89119
		BUSINESS PHONE:		(702) 939-0231

	MAIL ADDRESS:	
		STREET 1:		325 EAST WARM SPRINGS ROAD
		STREET 2:		SUITE 102
		CITY:			LAS VEGAS
		STATE:			NV
		ZIP:			89119

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LIVEDEAL INC
		DATE OF NAME CHANGE:	20070815

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	YP CORP
		DATE OF NAME CHANGE:	20040504

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	YP NET INC
		DATE OF NAME CHANGE:	19991112
</SEC-HEADER>
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<TYPE>8-K
<SEQUENCE>1
<FILENAME>live_8k.htm
<DESCRIPTION>FORM 8-K
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
WASHINGTON, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>______________</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CURRENT REPORT<BR>
<BR>
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>PURSUANT TO SECTION 13 OR 15(d) OF THE<BR>
SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Date of Report (Date of earliest event reported):
<B>January 9, 2017</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Live Ventures Incorporated</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Exact Name of Registrant as Specified in Charter)<BR>
<BR>
</P>

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        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: black 0.5pt solid"><B>Nevada</B></P></TD>
    <TD STYLE="vertical-align: top; width: 33%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: black 0.5pt solid"><B>001-33937</B></P></TD>
    <TD STYLE="vertical-align: top; width: 33%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: black 0.5pt solid"><B>85-0206668</B></P></TD>
    </TR>
<TR>
    <TD STYLE="vertical-align: top; font-size: 10pt; text-align: center">(State or Other Jurisdiction of Incorporation)</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt; text-align: center">(Commission File&nbsp;Number)</TD>
    <TD STYLE="vertical-align: top; font-size: 10pt; text-align: center">(IRS Employer Identification&nbsp;No.)</TD>
    </TR>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B></B> <B>325 E. Warm Springs Road, Suite 102</B><BR> <B>Las Vegas, NV 89119</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B></B></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">(Address of Principal Executive Offices and Zip Code)</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-size: 10pt">Registrant&rsquo;s
telephone number, including area code: </FONT><B>702-939-0231</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><U>____________________________________</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Former Name or Former Address, if Changed Since
Last Report)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<TD STYLE="width: 35pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9744;</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</TD>
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<TD STYLE="text-align: center; width: 35pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9744;</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</TD>
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<TD STYLE="text-align: center; width: 35pt">&#9744;</TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))</TD>
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<TD STYLE="width: 35pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#9744;</FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))</TD>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Section 7 - Regulation FD</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 7.01 Regulation FD Disclosure.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; background-color: white">Today, we issued a letter to our stockholders. The letter was distributed through a press release, a copy of which is furnished
as Exhibit 99.1 to this Current Report on Form 8-K.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Item 9.01 Financial Statements and Exhibits</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">(d) <B>Exhibits</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

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    <TD STYLE="width: 12%; border-bottom: black 1.5pt solid">Exhibit No.</TD>
    <TD STYLE="width: 88%; border-bottom: black 1.5pt solid">Description</TD></TR>
<TR STYLE="vertical-align: top; background-color: white">
    <TD STYLE="border-bottom: black 1.5pt solid">99.1</TD>
    <TD STYLE="border-bottom: black 1.5pt solid">Press Release, dated January 9, 2017</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SIGNATURE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

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    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt">Dated:&nbsp;&nbsp;January 9,
    2017</FONT></TD>
    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt"><B>Live Ventures Incorporated</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">By: <U>/s/ Jon Isaac&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Jon Isaac</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title:&nbsp;&nbsp;&nbsp;Chief Executive Officer and President</FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><I>&nbsp;</I></P>



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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>live_ex9901.htm
<DESCRIPTION>PRESS RELEASE
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<P STYLE="margin: 0">Exhibit 99.1</P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-size: 12pt"><B>Live Ventures
Incorporated Issues Letter to Stockholders</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><BR>
LAS VEGAS (January 9, 2017) &mdash; Live Ventures Incorporated (Nasdaq:LIVE) (&ldquo;Live Ventures&rdquo; or the &ldquo;Company&rdquo;),
a diversified holding company, distributed the below Letter to its stockholders this morning:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Dear Stockholders,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">As we begin the 2017 calendar year, one full quarter into our
2017 fiscal year, I believe it is important that we reflect on where we are today compared to where we were just a few years ago.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">As early as five years ago before your current management took
over, our Company was fighting a delisting notice from Nasdaq. Days away from being delisted and moving to the &ldquo;over-the-counter&rdquo;
market, our Company appeared to be on its last legs, and likely just a few short months away from bankruptcy as a result of years
of losses. For reference, below is a link to our filing relating to this matter:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">LiveDeal 8k 08/02/2011.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">To put things into perspective, for our 2011 fiscal year, the
year just before your current management took over, our Company reported only $4 million in net revenues and a net loss of $5.5
million. Further, as stated in our 10-k for fiscal year 2011, &ldquo;As of September 30, 2011, we had 12 full-time and no part-time
employees in the United States.&rdquo; Most importantly, our Company had no executable business model to speak of, and no intrinsic
value. In short, things looked grim for LiveDeal, which you will recall is how we were then formally known.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Here is the link to our 10-K for our 2011 fiscal year, which
references these circumstances: LiveDeal 10k FY2011.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In just a few short years, we have cleared all of the issues
we had with Nasdaq. We have settled a class action lawsuit from 2008 (well before your current management took over) which would
have exposed our company for $8M, for $150,000.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Further, we have cleaned up operations by shutting down unprofitable
divisions and redeploying cash in more profitable areas. We have re-organized into a diversified holding company, and renamed our
Company &ldquo;Live Ventures Incorporated.&rdquo; In the past 18 months, we have acquired two wonderful companies with great business
models, led by two shrewd, sophisticated, and highly-intelligent managers for a total purchase price of nearly $100,000,000. These
companies employ nearly 1,200 hard-working and loyal people. Both companies, by my estimates,generate an estimated $30 million
in EBITDA on an annual basis.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Fast-forward to today, I&rsquo;m elated to announce that, for
the first time in 9 years, our Company has reported its first full year of profitability. In our 2016 fiscal year, we generated
nearly $80 million in revenues with $17.8 million in net income, and now employ approximately 1,200 people. This is quite a difference
from just a few years ago.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">To be clear, a portion of our net income in our 2016 fiscal
year was attributed to our deferred tax asset. This asset has real value to our stockholders because it means that, over the next
$30 million or so in net income generated by our Company as a whole, our federal income tax burden will be negligible. The savings
amounts to about $12.5 million - cash that our Company will retain that otherwise would have been paid in taxes. This $12.5 million
is what we booked as our deferred tax asset on our balance sheet. It is a real asset that we will use as we generate further net
income, and it is an asset that went to stockholders&rsquo; equity on our balance sheet. This is a significant advantage that we
maintain over our competition, as most corporations are subject to a tax rate of 35 percent, while our Company will keep this significant
sum and use it strategically to your advantage. This cash can be redeployed for new acquisitions; for retirement of debt; for re-investment
in our existing subsidiaries for growth; or perhaps for additional stock repurchases. Efficiently allocating this cash, and all
the cash generated by our portfolio of companies, is my daily responsibility, and will be my challenge over the coming years.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Some may argue that my sole focus, as CEO, should be to increase
our Company&rsquo;s stock price for the short-term benefit of our stockholders. I strongly disagree. My main focus has been and
continues to be to allocating our cash as efficiently and as effectively as possible for all of our stockholders, with the goal
of increasing both our book value per share and our overall intrinsic value as a company. Our stock price will follow in time.
(Show me one example where stock price did not mirror book value per share and a company&rsquo;s intrinsic value, over time).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Although 2016 was a great year for our Company, we expect our
2017 fiscal year to look even better. We expect our revenues to increase significantly compared to last year as a result of our
acquisition of Vintage Stock, Inc. We further expect that net income to be generated by Vintage and the acquisition of new equipment
at Marquis will exceed the one-time gains in our 2016 fiscal year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In just a few years, our Company has changed dramatically. It
is amazing to think that, as recently as our 2011 fiscal year, what we used to generate in revenue in one full year, we now generate
every 7 to 10 days. The future looks even better.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>Our Cash Position</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Of late, there have been some critical statements regarding
our current cash position. In an abundance of prudence, we maintain a low cash position on our balance sheet because we choose
to utilize virtually all of the cash that we generate to pay down our revolving lines of credit with our banking institutions.
We do so to avoid paying unneeded interest on cash for which we have no immediate use. Although we use this cash to pay down our
credit lines, that cash is easily accessible for us, as needed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">For example, we use cash available under our credit lines to
pay salaries, rent expenses, and other operational costs on a regular basis. As recently as November 2016, we accessed $8 million
from our line of credit to pay for the acquisition of Vintage Stock. Although this $8 million was never explicitly identified as
&ldquo;cash&rdquo; on our balance sheet prior to November 2016, it was available for our use. The same applies today. Although
we disclosed about $700,000 in cash on our balance sheet as of September 30, 2016, of course it did not include any availability
under our revolving lines with our banking institutions. Today, our Company maintains a total of $35 million in credit facilities
with two major financial institutions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>Stock Manipulation Stories</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">With regard to any negative articles recently written about
us by those attempting to manipulate our stock for their profit, we vehemently deny all of their false and misleading statements
and allegations. People who spread such disinformation about a company are, in fact, themselves committing securities fraud. The
SEC defines stock manipulation as:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><I>&ldquo;&hellip;intentional conduct designed
to deceive investors by controlling or artificially affecting the market for a security. Manipulation can involve a number of techniques
to affect the supply of, or demand for, a stock. They include: spreading false or misleading information about a company&hellip;Those
who engage in manipulation are subject to various civil and criminal sanctions.&rdquo; &ndash; https://www.sec.gov/answers/tmanipul.htm</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Although reporters and analysts are certainly entitled to their
opinions, and we welcome all opinions regarding our Company, whether positive or negative, the spreading of lies,false and misleading
information will not be tolerated by your management. We fully intend to pursue and prosecute all those who attack our Company
and its reputation. We will also extend these efforts to include any and all brokerage houses, hedge funds, and investment banking
firms, who illegally engage in naked shorting of our stock. On Friday January 6, we retained a prominent firm to help us obtain
data on which firms are illegally shorting our stock (selling &lsquo;phantom&rsquo; shares and failing to deliver them). Those
identified will be demanded to promptly fix their deficiency or to face the consequences. We will aggressively pursue all those
who illegally trade and manipulate our stock. If you are a hedge fund, broker dealer, investment banking firm, or trader using
these illegal practices to trade our stock, your wrongdoing will be uncovered and our Company will come after you. As CEO, it is
my duty to defend our Company and ensure that our stock trades efficiently and with integrity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">There is one more important perspective I&rsquo;d like to share
at this time. Contrary to the false and misleading information written about us, your current management has spent the last five
years building our Company for you, our stockholders. Although we could have easily taken advantage of our stock price when we
witnessed spikes and record peaks, no officer or director has sold any shares. In fact, in the past 10 months, I have personally
bought stock in our Company, on the open market, on 19 different occasions, totaling an additional investment of approximately
$340,000.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Further, our Company has not sold any shares on the open market
under its S-3 &ldquo;shelf registration&rdquo; in nearly two years. The last open market sale occurred in March of 2015. Had our
Company truly engaged in any type of promotional activity, our Company, its officers, and directors would have sold shares. However,
during our 2016 fiscal year, our Company actually <I><U>repurchased</U></I> approximately 30,000 shares on the open market, and,
in addition, I personally purchased some 22,000 shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Finally, in a recent announcement, we committed to an enhanced
investor relations&rsquo; program and we look forward to sharing more news with you in the near future. Please watch for our press
releases relating to our upcoming 10-Q, and further activities to ensure that you are as informed as possible regarding our Company&rsquo;s
strategy and execution.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Sincerely,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Jon Isaac<BR>
CEO</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Live Ventures Incorporated</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"># # #</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>About Live Ventures Incorporated</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Live Ventures Incorporated is a diversified holding
company with several wholly owned subsidiaries and a strategic focus on acquiring profitable companies that have demonstrated
a strong history of earnings power. Live Ventures Incorporated provides, among other businesses, marketing solutions that
boost customer awareness and merchant visibility on the Internet. The Company operates a deal engine, which is a service that
connects merchants and consumers via an innovative platform that uses geo-location, enabling businesses to communicate
real-time and instant offers to nearby consumers. In addition, it maintains, through its subsidiary, ModernEveryday, an
online consumer products retailer and, through its subsidiary, Marquis Industries, a specialty, high-performance yarns
manufacturer, hard-surfaces re-seller, which is a top-10 high-end residential carpet manufacturer in the United States.
Marquis Industries, 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. Marquis is the only manufacturer in the world that can produce
certain types of yarn prized by the industry. Most recently, the Company acquired Vintage Stock, Inc., an award-winning
entertainment featuring movies, classic and new video games, music, collectible comics and toys, and the ability to special
order and ship product worldwide to the customer&rsquo;s doorstep. Vintage Stock is America&rsquo;s largest entertainment
superstore chain.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In December, its largest stockholder and a third party that
for years had provided a large, standby lending arrangement, agreed to lock up all of their shares for five years (through December
31, 2021). To ensure that lock-up arrangement, they exchanged all of their shares for a series of &ldquo;common equivalent&rdquo;
preferred stock, which is not redeemable; has no liquidation preference and virtually identical dividends (if any are declared);
has no board seats and votes with the common stock; and is convertible back into common stock without any dilution (based on its
original exchange from common stock). Accordingly, the Company&rsquo;s common stock was reduced from approximately 2.8 million
to 2.0 million shares. Further, the approximately 590,146 warrants that are owned by our largest stockholder are also subject to
the five-year lock up and have been exchanged for the same series of &ldquo;common equivalent&rdquo; preferred stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B># # #</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Forward-Looking and Cautionary Statements</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This press release may contain &quot;forward-looking statements&quot;
within the meaning of the Private Securities Litigation Reform Act of 1995.&nbsp;&nbsp;In accordance with the safe harbor provisions
of this Act, statements contained herein that look forward in time that include everything other than historical information, involve
risks and uncertainties that may affect the Company&rsquo;s actual results.&nbsp;These forward-looking statements can be identified
by terminology such as &quot;will,&quot; &quot;expects,&quot; &quot;anticipates,&quot; &quot;future,&quot; &quot;intends,&quot;
&quot;plans,&quot; &quot;believes,&quot; &quot;estimates&quot; and similar statements.&nbsp;Live Ventures Incorporated may also
make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission on Forms
10-K, 10-Q and 8-K, in its annual report to stockholders, in press releases and other written materials and in oral statements
made by its officers, directors or employees to third parties. There can be no assurance that such statements will prove to be
accurate and there are a number of important factors that could cause actual results to differ materially from those expressed
in any forward-looking statements made by the Company, including, but not limited to,&nbsp;plans and objectives of management for
future operations or products, the market acceptance or future success of our products, and our future financial performance.&nbsp;&nbsp;The
Company cautions that these forward-looking statements are further qualified by other factors including, but not limited to, those
set forth in the Company&rsquo;s Form 10-K for the fiscal year ended September 30, 2016, most recent Form 10-Q, and other filings
with the U S. Securities and Exchange Commission (available at&nbsp;<U>http://www.sec.gov</U>). The Company undertakes no obligation
to publicly update or revise any statements in this release, whether as a result of new information, future events, or otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Contact</B>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Live Ventures Incorporated</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Tim Matula, investor relations</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">425-836-9035</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">tmatula@live-ventures.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">http://live-ventures.com</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Source: Live Ventures Incorporated</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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