LiveXLive Follows Slacker, SNAP Interactive Acquisitions With Public Stock Offering

LiveXLive Media, Inc. (OTC: LIVX), a live music and music-related online video network, has announced a public offering of shares of its common stock. LiveXLive will sell 7,692,308 shares on the New York Stock Exchange.

______________________________

LiveXLive Media has applied to list common stock on the New York Stock Exchange under the symbol "LXL." The new public offering is expected to launch between $12.00 and $14.00 per share, on a post 1-for-3 reverse stock split basis, which LiveXLive intends to complete prior to the completion of the public offering. A 30-day option to purchase up to an additional 1,153,846 shares of its common stock. The offering will be used to fund its recent acquisitions of Slacker and SNAP Interactive, along with working capital and capital expenditures.BMO Capital Markets is a the sole book-running manager for the proposed offering. JMP Securities is acting as lead manager and Craig-Hallum Capital Group is co-manager for the proposed offering. A copy of the preliminary prospectus relating to the proposed offering may be obtained from the representative of the underwriters: BMO Capital Markets at (800) 414-3627 or via email at bmoprospectus@bmo.com.