CEO of .travel to buy 25,000 domains a year

dom35 · 12-27-2007, 09:29 PM

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.

Sam · 12-28-2007, 01:04 AM

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

Carlton · 12-28-2007, 01:16 AM

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.

dom35 · 12-28-2007, 02:19 AM

The name of the CEO is Michael Egan.

It is the same person ?

Quote:

Originally Posted by Sam

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

duceman · 12-28-2007, 06:05 AM

Not a good way to drum up interest in the TLD in my opinion.

Sam · 12-28-2007, 10:39 AM

Quote:

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

sdsinc · 12-28-2007, 11:31 AM

Even at bulk price I would put my money elsewhere

Rochemontagne · 12-28-2007, 01:31 PM

I was going to buy a couple .travel names, but I think I will pass. I smell a skunk!

thebutler · 12-28-2007, 06:06 PM

I guess that might explain why he got the inside deal on the prmium names. Nice one.

dom35 · 12-28-2007, 06:14 PM

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.

RareIQ · 12-29-2007, 06:40 PM

Anyone know what reg fee is for .travel domains ?

dom35 · 12-29-2007, 06:50 PM

From $99

domainer50 · 12-29-2007, 07:46 PM

Quote:

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.

derrida · 12-30-2007, 02:17 AM

i think there is a name for this: insider trading.

simon johnson · 12-30-2007, 01:46 PM

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.

dom35 · 12-30-2007, 02:20 PM

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

**Ronald Regging** · 12-30-2007, 06:25 PM

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.

iulianh · 12-30-2007, 10:34 PM

I think he wants to buy all the .travel domains and sell them to make good money

dom35 · 01-06-2008, 05:01 AM

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 ?

wasistdas · 01-09-2008, 05:03 AM

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.

dom35 · 01-09-2008, 05:24 AM

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.

Darkneoboi · 01-09-2008, 07:40 AM

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?

dom35 · 01-09-2008, 07:59 AM

I agree

RTM · 01-09-2008, 04:58 PM

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....

Rob

Sam · 01-10-2008, 12:19 PM

Quote:

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

12-27-2007, 09:29 PM	#1 (permalink)
dom35 NamePros Member Join Date: Mar 2005 Posts: 127 90.00 NP$ (Donate)	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 09:38 PM.

12-28-2007, 01:04 AM	#2 (permalink)
Sam Senior Member Join Date: Jun 2005 Posts: 3,252 320.00 NP$ (Donate)	:O, thats the guy who owned all the premium .travel names by registering TWO DAYS before the landrush officially opened. Complete BS, IMO. Insider Trading ?!?!? __________________ 48 HOUR Special: 1 Letter Name for $750! SPECIAL: One Letter name for $990 The World's RAREST One Letter Domain Sale! Bulk Price: Only $1500 / pn!

12-28-2007, 01:16 AM	#3 (permalink)
Carlton Internet Real Estate Join Date: Sep 2004 Location: USA Posts: 1,038 425.50 NP$ (Donate)	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. __________________ PremiumDomains.biz -> BLOG \| Manhattan.mobi \| Tampa.mobi \| Cincinnati.mobi \| Detroit.US \| Miami.biz \| NorthCarolina.info \| NewOrleans.biz

12-28-2007, 11:31 AM	#7 (permalink)
sdsinc Domains my Dominion Join Date: Aug 2005 Location: Web 1.0 Posts: 6,274 1,095.94 NP$ (Donate)	Even at bulk price I would put my money elsewhere __________________ Buy now - MassDeveloper.com $500

12-28-2007, 01:31 PM	#8 (permalink)
Rochemontagne NamePros Regular Join Date: Jan 2006 Location: The Mountains of Colorado Posts: 347 50.00 NP$ (Donate)	I was going to buy a couple .travel names, but I think I will pass. I smell a skunk! __________________ PricelessCruises.com, SportsBook.lv, CancerSurvivor.me, Gamble.cz, Sweepstakes.lv, Keno.lv, FantasyFootball.lv, FantasySports.lv, PokerAmbassador.com, Angie.mobi, Bambi.mobi, CastleRock.mobi, Electra.mobi, Loveland.mobi, Hymen.mobi, Jmj.mobi, Wyo.mobi, JapanFyi.com, AmericaFyi.com, GodFyi.com,

12-28-2007, 06:05 AM	#5 (permalink)
duceman Senior Member Join Date: Nov 2004 Location: Indy Posts: 2,252 2,315.85 NP$ (Donate)	Not a good way to drum up interest in the TLD in my opinion.

12-28-2007, 06:06 PM	#9 (permalink)
thebutler NamePros Regular Join Date: Mar 2006 Posts: 795 618.64 NP$ (Donate)	Total bs I guess that might explain why he got the inside deal on the prmium names. Nice one. __________________ SEO web hosting reviews - Search Engine Submitter- PPC search marketing Free online storage Good web site hosting - Internet speed checker - Computer auction B2 - B3 - B4

12-28-2007, 06:14 PM	#10 (permalink)
dom35 NamePros Member Join Date: Mar 2005 Posts: 127 90.00 NP$ (Donate)	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 06:55 PM.

12-29-2007, 06:40 PM	#11 (permalink)
RareIQ Senior Member Join Date: Jul 2003 Location: Florida Posts: 2,066 108.56 NP$ (Donate)	Anyone know what reg fee is for .travel domains ?

12-29-2007, 06:50 PM	#12 (permalink)
dom35 NamePros Member Join Date: Mar 2005 Posts: 127 90.00 NP$ (Donate)	From $99

12-30-2007, 02:17 AM	#14 (permalink)
derrida NamePros Regular Join Date: Nov 2004 Posts: 239 105.00 NP$ (Donate)	i think there is a name for this: insider trading. __________________ <Affiliate link removed.>

12-30-2007, 01:46 PM	#15 (permalink)
simon johnson NamePros Member Join Date: Apr 2007 Location: Australia Posts: 50 0.00 NP$ (Donate)	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.

12-30-2007, 02:20 PM	#16 (permalink)
dom35 NamePros Member Join Date: Mar 2005 Posts: 127 90.00 NP$ (Donate)	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

12-30-2007, 06:25 PM	#17 (permalink)
Ronald Regging Ex-President Forum Moderator Join Date: May 2006 Location: Marietta, PA Posts: 2,477 400.00 NP$ (Donate)	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.

12-30-2007, 10:34 PM	#18 (permalink)
iulianh Account Closed Join Date: Aug 2007 Location: Romania Posts: 2,248 94.95 NP$ (Donate)	I think he wants to buy all the .travel domains and sell them to make good money

01-06-2008, 05:01 AM	#19 (permalink)
dom35 NamePros Member Join Date: Mar 2005 Posts: 127 90.00 NP$ (Donate)	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 ?

01-09-2008, 05:03 AM	#20 (permalink)
wasistdas Senior Member Join Date: Oct 2005 Location: Ukraine Posts: 1,557 152.20 NP$ (Donate)	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. __________________ The Official Dead End Place: WWW.TODEP.COM. The best search engine ever. WWW.NULLSEARCH.COM For Sale: Loan.IM, EnjoyArcade.com, Arcadoid.com

01-09-2008, 05:24 AM	#21 (permalink)
dom35 NamePros Member Join Date: Mar 2005 Posts: 127 90.00 NP$ (Donate)	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.

01-09-2008, 07:40 AM	#22 (permalink)
Darkneoboi NamePros Regular Join Date: Mar 2006 Location: Connecticut, USA Posts: 286 71.76 NP$ (Donate)	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? __________________ DarkNeoNetwork

01-09-2008, 07:59 AM	#23 (permalink)
dom35 NamePros Member Join Date: Mar 2005 Posts: 127 90.00 NP$ (Donate)	I agree

01-09-2008, 04:58 PM	#24 (permalink)
RTM NamePros Regular Join Date: Feb 2004 Location: www.adsenseworld.com Posts: 957 365.00 NP$ (Donate)	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.... Rob __________________ Premium generic portfolio sale on eBay now! Geo, Dictionary, French, 4 character and more! GEO? Puebla.org 5.8M+ Mexican City/State!... BIN: $8K (hot geo reseller price)

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