YP.Com Sold - $3,850,000

YP.Com Sold - $3,850,000

YP.com has been sold for almost 4 million $ to Yellow Pages LLC

29-Dec-2008 Annual Report

Sale of YP.com - domain name

On November 5, 2008, the Company and YellowPages.com LLC (the “Purchaser”) entered into a Domain Name Purchase and Transfer Agreement pursuant to which the Company agreed to sell the Internet domain name “www.YP.com” to the Purchaser in exchange for cash totaling $3,850,000. Our primary source of ongoing revenues is the sale of Internet Advertising Packages, which targeted users of our www.yp.com property. We are in the process of transitioning these customers to advertising on LiveDeal: Target local, online prospects, generate quality leads and continually optimize the process to create a high value marketing solution and are hopeful that any loss of customers resulting from our divestiture of www.yp.com will not be significant or adversely impact our future revenues. However, certain customers may cancel their service in response to this transition, and there can be no assurance that such cancellations will not have an adverse effect on our financial condition or results of operations.”

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