Description of Live Ventures Inc's Business Segments
Services Segment
We continue to generate revenue from servicing our existing customers under
our legacy product offerings, primarily our InstantProfile® line of products
and services. These services primarily consist of directory listing services.
Because of the change in our business strategy and product lines, we no longer
accept new customers under our legacy product and service offerings.
Retail and Online Segment
Vintage Stock
On November 3, 2016, Live Ventures through its wholly-owned subsidiary Vintage
Stock Holdings LLC, acquired 100% of Vintage Stock, V-Stock, Movie Trading Company
and Entertain Mart (collectively “Vintage Stock”).
Vintage Stock is an award-winning specialty entertainment retailer with 58
storefronts across the Midwest and Southwest. Vintage Stock enjoys a wide customer
base comprised of electronic entertainment enthusiasts, avid collectors, female
gamers, children, seniors and more. Vintage Stock offers a large selection of
entertainment products including new and pre-owned movies, video games and music
products, as well as ancillary products such as books, comics, toys and collectibles
all available in a single location. With its integrated buy-sell-trade business
model, Vintage Stock buys, sells and trades new and pre-owned movies, music,
video games, electronics and collectibles through 33 Vintage Stock, 3 V-Stock,
13 Movie Trading company and 9 EntertainMart retail locations strategically
positioned across Texas, Idaho, Oklahoma, Kansas, Missouri, Colorado, Illinois,
Arkansas, Utah and New Mexico. In addition to offering a wide array of products,
Vintage Stock also offers services to customers, such as rentals, special orders,
disc and video game hardware repair and more. Vintage Stock’s “Cooler
Than Cash” program rewards loyal customers. When Vintage Stock customers
bring in items to sell, the customer has two options: (i) sell their pre-owned
products for cash or (ii) opt for store credit and receive a fifty percent bonus.
Vintage Stock sources its products through purchasing and trade-ins from customers
and sources products through distributors, including Ingram Entertainment, Inc.,
Alliance Entertainment, Inc., Ingram Book Company, Inc. and Diamond Comics,
Inc.
LiveDeal.com
In September 2013, we launched LiveDeal.com. LiveDeal.com is a real-time “deal
engine” connecting restaurants with consumers. LiveDeal.com provides marketing
solutions to restaurants to boost customer awareness and merchant visibility
on the Internet. Restaurants can sign up to use the LiveDeal platform at our
website.
Highlights of LiveDeal.com include:
— an intuitive interface enabling restaurants to create limited-time
offers and publish them immediately, or on a preset schedule that is fully customizable;
— state-of-the-art scheduling technology giving restaurants the freedom
to choose the days, times and duration of the offers, enabling them to create
offers that entice consumers to visit their establishment during their slower
periods;
We were best known for migrating print yellow pages to the Internet in 1994
and began to develop the model for LiveDeal.com after having worked closely
with well-known publishers in the daily deal market. In mid-2013, we tested
the beta platform in a number of cities, and the model has been well received
by restaurants, consumers, and various restaurant associations.
Carpets & Rugs
Marquis is one of the top residential carpet manufacturers in the U.S. by revenue
and also produces innovative commercial products for the carpet industry. Marquis
has 21 running line styles offering outstanding quality and value. It also offers
special value in polyester styles and residential nylon roll buy. Beginning
in 2014, Marquis began offering eight carpet styles with 6.8 twists or better,
six styles in ¼ gauge construction and two with a 1/8 gauge construction.
Hard Surfaces
Marquis has developed one of the strongest and most competitive, high styled
hard surface lines on the market. The Marquis Hard Surface running line is a
mainstream line-up of high styled luxury vinyl tile, several unique laminates
and hand scraped engineered wood along with six individual series of vinyl.
Marquis Hard Surfaces also features hundreds of rolls of vinyl specials at promotional
prices.
Yarns
Through its A-O Division, Marquis uses state-of-the-art yarn extrusion capacity
to market monofilament textured yarn products to the artificial turf industry.
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