LiveDeal up on margin-boosting initiative

• LiveDeal (NASDAQ:LIVE) has opened up 3.2 as it says it's embarking on a change it expects will increase profit margins by up to 80% "in many cases."
• The mobile marketing platform will have its subsidiary, online retailer Modern Everyday, manufacture some of its high-demand products rather than purchasing them from third parties -- which it expects will aid revenue as well, with higher availability.
• LiveDeal acquired Modern Everyday last August.