July 28, 2003


LIVEOFFICE CORP. ANNOUNCES COMPLIANCECHECK™

New Technology Stops Problem Emails at the Source

TORRANCE, Calif., July 28, 2003 — LiveOffice Corporation (www.liveoffice.com), the leader in compliance technology for financial services professionals nationwide, today announced the addition of its proprietary ComplianceCheck™ feature to AdvisorMail (www.advisormail.net), an end-to-end monitoring, archiving and retrieval solution for email and instant messages (IM) designed specifically for financial services organizations. Operating similar to word processing spell checks, this new feature enables financial representatives to pre-screen their emails against LiveOffice’s proprietary eSupervisor™ lexicon of compliance words and phrases prior to sending an email message.

“ComplianceCheck™ will significantly reduce the workload on the compliance departments within financial service organizations,” said Ann Davis, director of business development for LiveOffice Corp. “In fact, preliminary testing of the product indicates that our ComplianceCheck™ feature will reduce the number of emails that require a compliance officer’s review by over 75 percent.”

AdvisorMail’s new ComplianceCheck ™ feature:

  • Takes the guesswork out of regulated email communications by performing a thorough review of all outbound emails using LiveOffice’s proven library of compliance words and phrases and highlighting questionable language in red Reduces the supervisory burden on compliance officers and Offices of Supervisory Jurisdiction (OSJs) by providing a real-time review of email messages as they are composed by the field representative

  • Expedites email communications between firm representatives and their clients, while ensuring that any questionable language is stopped at the source

LiveOffice’s AdvisorMail enables Compliance Departments to electronically monitor, retain and archive thousands of emails, attachments and instant messages (IM) in a single and secure location. AdvisorMail's robust monitoring capabilities ensure that financial services firms can easily comply with all the regulatory requirements of SEC Rules 17a-3, 17a-4, NASD rule 3010(d) as well as NASD’s June 17, 2003 Notice to Members outlining the proper handling of instant message (IM) communications.

ComplianceCheck™ will be available to existing and new AdvisorMail customers in early August 2003.

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About LiveOffice Corp.
LiveOffice Corp. is the leading provider of web-based products to businesses of all sizes. Currently hosting more than 10,000 web sites and over 45,000 email accounts, LiveOffice provides businesses with effective online tools, including customized web sites, instant messaging, contact management, email and online presentation capabilities.

LiveOffice’s current product offering includes AdvisorSquare™ for web site design, hosting and management, C-Manager™ for broker-dealer web site compliance, AdvisorMail™ for NYSE/SEC/NASD-compliant email and IM monitoring/archiving and LiveSiteManager™ for online sales and marketing efforts.

 
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