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Old 12-27-2007, 10:29 PM   #1 (permalink)
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CEO of .travel to buy 25,000 domains a year

It sound surprising that Labigroup (owned by the CEO of .travel) agrees to buy .travel 25,000 domains a year from the registrars of .travel.

Any ideas ?

-----------------------------------------------------------

http://www.sec.gov/Archives/edgar/da...v098280_8k.htm

On December 20, 2007, the Company, through its subsidiary, Tralliance Corporation (“Tralliance”), entered into a Bulk Registration Co-Marketing Agreement (the “Agreement”) with Labigroup, under Tralliance’s Bulk Purchasing Program available to entities committing to a minimum purchase of 25,000 “.travel” domain names within one-year. Labigroup is controlled by the Company’s Chairman and Chief Executive Officer, Michael Egan and our remaining directors own a minority interest in Labigroup. Under the Agreement, Labigroup committed to purchase a predetermined minimum number of “.travel” domain names on a bulk basis from an accredited “.travel” registrar of its own choosing and to establish a predetermined minimum number of related “.travel” websites. As consideration for the “.travel” domain names to be purchased under the Agreement, Labigroup agreed to pay certain fixed fees and make other payments, including but not limited to, an ongoing royalty calculated as a % share of its Net Revenue, as defined in the Agreement, to Tralliance. The Agreement has an initial term which expires September 30, 2010, after which it may be renewed for successive periods of two and three years, respectively. Labigroup has paid Tralliance the sum of $262,500 under the Agreement to date.

Last edited by dom35; 12-27-2007 at 10:38 PM.
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Old 12-28-2007, 02:04 AM   #2 (permalink)
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, thats the guy who owned all the premium .travel names by registering TWO DAYS before the landrush officially opened. Complete BS, IMO. Insider Trading ?!?!?
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Old 12-28-2007, 02:16 AM   #3 (permalink)
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dotMOBI opened everyone's eyes as to how you properly release a tld. Sounds like someone is retooling .travel with big plans in the works.
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Old 12-28-2007, 03:19 AM   #4 (permalink)
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The name of the CEO is Michael Egan.

It is the same person ?

Originally Posted by Sam
, thats the guy who owned all the premium .travel names by registering TWO DAYS before the landrush officially opened. Complete BS, IMO. Insider Trading ?!?!?

Last edited by dom35; 12-28-2007 at 03:23 AM.
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Old 12-28-2007, 07:05 AM   #5 (permalink)
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Not a good way to drum up interest in the TLD in my opinion.
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Old 12-28-2007, 11:39 AM   #6 (permalink)
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Originally Posted by dom35
The name of the CEO is Michael Egan.

It is the same person ?

Yes!! Wow at least they will be developed hopefully
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Old 12-28-2007, 12:31 PM   #7 (permalink)
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Even at bulk price I would put my money elsewhere
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Old 12-28-2007, 02:31 PM   #8 (permalink)
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I was going to buy a couple .travel names, but I think I will pass. I smell a skunk!
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Old 12-28-2007, 07:06 PM   #9 (permalink)
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Total bs

I guess that might explain why he got the inside deal on the prmium names. Nice one.
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Old 12-28-2007, 07:14 PM   #10 (permalink)
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Time to think more about .travel.

http://investing.businessweek.com/re...sp?symbol=TGLO
http://www.vonage-forum.com/article112.html

Egan was the owner of Alamo Rent a Car.

Theglobe.com received a lawsuit about spam to Youtube users using 95 dummy accounts; reached a settlement. Today the stocks reached the lowest price from january 2007.

It looks like there is too many warning lights. I trust the extension but not much the company running it.

Last edited by dom35; 12-29-2007 at 07:55 PM.
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Old 12-29-2007, 07:40 PM   #11 (permalink)
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Anyone know what reg fee is for .travel domains ?
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Old 12-29-2007, 07:50 PM   #12 (permalink)
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From $99
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Old 12-29-2007, 08:46 PM   #13 (permalink)
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Originally Posted by duceman
Not a good way to drum up interest in the TLD in my opinion.
I have to disagree. I think it is a pretty good idea.
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Old 12-30-2007, 03:17 AM   #14 (permalink)
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i think there is a name for this: insider trading.
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Old 12-30-2007, 02:46 PM   #15 (permalink)
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Interesting that they have to pay a "% share of its Net Revenue" to themselves... oops... I mean to Tralliance. Talk about keeping it in the family.
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Old 12-30-2007, 03:20 PM   #16 (permalink)
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It would be interesting to know how many domains .travel had been sold after the opening both to general public and to related parties, both in bulk and individually. Previously they have about 25.000 registered.

In the .travel there is a lot of serious people with a huge background in tourism:
http://www.ttpc.travel/board.html
http://www.ttpc.travel/committees.html
http://www.ttpc.travel/members.html

May be the owners just trust in the extension and are trying to keep it alive the company to sell it to someone else.

Sad situation for a interesting extension
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Old 12-30-2007, 07:25 PM   #17 (permalink)
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Every new extension is rife with corruption and profiteering. It's just the way the game is played unfortunately. Why not take the stance of "reserving" premium domains to be auctioned off at a later date? Who knows, who cares, it's all the same in the end, money in the bank...

Though, given the fact that ICANN pockets application fees, whether approved or not, stalls applications for years and generally is a wretched beast to deal with, can one really be blamed for claiming the spoils that come with the victory of such a war?

With enough money and patience, anyone can be granted a license to print money, as it were... And as always, the rest of us scramble for peanuts in an effort to coerce the monkey to dance.
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Old 12-30-2007, 11:34 PM   #18 (permalink)
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I think he wants to buy all the .travel domains and sell them to make good money
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Old 01-06-2008, 06:01 AM   #19 (permalink)
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Just a clear example:

tours.travel

Registered by Labitrav on december 20th, 2007, just hours before the opening. Labitrav (Labigroup it is mentioned in the SEC filling) it is also based in Fort Lauderdale, and almost sure the owners are the same than of the Tralliance.

http://whois.travel/whois.cgi?TLD=tr...h=Submit+Query

Now I am convinced, this is inside trading. None controls this ?
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Old 01-09-2008, 06:03 AM   #20 (permalink)
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Oh, that's why labitrav registered all available big geonames in .travel right before the .travel landrush. 25,000 names. No way to develop but use wiki info. Normal project cannot be made easy. Pitty, but with this situation I should say .travel is a dead zone. It is going to be mostly trash with specialized PPC and trash info. I do not even doubt that labitrav will not be able to run right geosites. As well as won;t ppl like Samuel Huang who also took many geonames for use as exhibits in his .travel mausoleum.
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Old 01-09-2008, 06:24 AM   #21 (permalink)
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I would like to know the opinion of the travel business people that backed up this project and now have their names used.

Sad.

Not a cent more for .travel. Even the SEC should act here.
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Old 01-09-2008, 08:40 AM   #22 (permalink)
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This is a really bad way to start a TLD, i think they should have limits on TLD when they first come out so everyone gets a chance at what they want.

Anyone agree?
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Old 01-09-2008, 08:59 AM   #23 (permalink)
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I agree
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Old 01-09-2008, 05:58 PM   #24 (permalink)
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Sad, that although the classic movie "Wall Street" came out in 1986 (with GG telling his shareholders in the movie that "Greed is good") and the scandals of Enron, Worldcom, Tyco in the 90s early 2000s... and here we are at the cusp of 2008 and....

this .travel scam surfaces.

Are we all that surprised?

SEC is for securities.. they don't regulate the domain market - err, that would be ICANN, right?

Sigh....

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Old 01-10-2008, 01:19 PM   #25 (permalink)
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Originally Posted by wasistdas
Oh, that's why labitrav registered all available big geonames in .travel right before the .travel landrush. 25,000 names. No way to develop but use wiki info. Normal project cannot be made easy. Pitty, but with this situation I should say .travel is a dead zone. It is going to be mostly trash with specialized PPC and trash info. I do not even doubt that labitrav will not be able to run right geosites. As well as won;t ppl like Samuel Huang who also took many geonames for use as exhibits in his .travel mausoleum.
It's ironic a domainer would be whining about being beat to a domain name.

Pure irony & pure hypocritical
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