Company sees double digit growth in revenues and continued operating profits

• Q1 total revenues of $2.5 million, up 10% year-over-year
• Healthcare revenues of $2.1 million, up 12% year-over-year
• Net income from operations of $122,000 or 5%
• Current company valuation is approximately 0.77x Q1 annualized revenues

LiveWorld, Inc. (OTC Markets: LVWD), today announced financial results for the first quarter of 2022. Total revenues were approximately $2.5 million for the first quarter, as compared to the approximately $2.2 million in total revenues reported for the same period in 2021. This was an increase of approximately $227,000 or 10% when compared to the first quarter of 2021.

We reported a net income for the quarter of approximately $122,000 or 5% of total revenues. This compares to net income of approximately $121,000 or 5% of total revenues reported for the first quarter of 2021.

We finished the first quarter with approximately $2.9 million in cash and cash equivalents, as compared to the approximately $3.6 million at the end of 2021. The first quarter of the year sees slight delays in cash collections as we renew contracts. We expect to see improvements in our cash in the second quarter.

“In the first quarter we saw solid growth in our revenues and continued operating profits from our healthcare initiatives,” said David Houston, Chief Financial Officer of LiveWorld. “Additionally, we materially increased our sales and marketing efforts to see continued revenue growth in 2022 and 2023. We intend to carry on with these increased efforts for the remainder of 2022.”

Detailed financial information may be downloaded at www.liveworld.com/ir (LiveWorld’s Investor Relations page) or at www.otcmarkets.com.

About LiveWorld

LiveWorld is a digital agency specializing in social media and technology solutions that help companies spark emotional conversations, build stronger customer relationships, and drive behavior change. We live at the intersection of bold creative rooted in strategy that inspires, moderation that activates human interactions, and technology that enriches and scales customer experiences. With over 25 years of making connections, our integrated team leverages our social media DNA to deliver emotion driven behavior change through digital campaigns with a human touch. LiveWorld clients include the number one brands in pharmaceuticals, healthcare, and financial-travel services. LiveWorld is headquartered in San Jose, California, with an additional office in New York City.

Learn more at www.liveworld.com and @LiveWorld.

“Safe Harbor" Statement Under The Private Securities Litigation Reform Act

This press release may contain forward-looking information concerning LiveWorld plans, objectives, future expectations, forecasts and prospects. These statements may include those regarding LiveWorld’s current or future financial performance including but not limited to lists of clients, revenue and profit, use of cash, investments, relationships and the actual or potential impact of stock option expense, and the results of its product development efforts. Actual results may differ materially from those expressed in the forward- looking statements made as a result of, among other things, final accounting adjustments and results, LiveWorld’s ability to attract new clients and preserve or expand its relationship with existing clients, LiveWorld’s ability to retain and attract high quality employees, including its management staff, the ability to deliver new innovative products in a timely manner, changing accounting treatments, and other risks applicable to the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, and the Company undertakes no obligation to update these forward-looking statements to reflect subsequent events or circumstances.

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