Domain Name, wrestling.com, Sells for $500,000

[r4h]

Vancouver, B.C. - (Cheap Web Hosting Directory) - August 16, 2006 - E-commerce company, Communicate.com Inc., has sold the domain name, wrestling.com, for US$500,000, in a private transaction.

David Jeffs, President of Communicate.com commented, ''This domain sale gives a good indication of the 'real world' value of our premium one-word domains. Following this transaction, Communicate is in the strongest cash position in its history, and we will remain focused on growing our primary eTail business while also seeking opportunistic web acquisitions.''

At present, the market demand for premium domain names is exceptionally strong, and Communicate.com will pursue the sale of at least one more sports URL (boxing.com) that is not integral to its business plan and should fetch substantially higher prices than wrestling.com.

Communicate.com, 'Targeted eCommerce Brands.' is a rdebt-free Internet company with a core focus on eTail. Communicate.com owns such companies as www.perfume.com, www.body.com, www.brazil.com and www.importers.com, among others. The company's portfolio of intuitively branded B2C and B2B websites naturally attracts a high volume of targeted traffic and potential clients per month, providing it with a crucial competitive advantage in customer acquisition and price. Communicate.com ranked 18th in PROFIT magazine's 2006 'PROFIT 100' list of Canada's fastest-growing companies.

To learn more, please visit: www.cmnn.com.

 

[Anthony]

Seems like a pretty good price for a one word sports domain with a variety of potential uses. Imagine if you could buy baseball.com for $500,000?!??

 

[fleshas]

wrestling.com ... Good sle.. But i think, that this domain worth low $xxx,xxx

 

[-JDT-]

Good price IMO

 

[gazzip]

It's much more useful than Blue.com for the same price IMO - At least you know what they have come looking for !




.

 

[emega]

I think it was a good price. I would say it is worth 2 million dollars.

 

[Spade]

I think as buying and selling domain names becomes more and more mainstream, its going to bring more mainstream dollars. Just a few years ago, company's had options with domain names. Now they dont. What happens when you want a 1-word domain name that is taken in every tld ? (or atleast everyone that matters). I also understand the same company is going to be selling boxing.com and they expect it to fetch much more. I think the pricing is correct.

 

[kemjika11]

if the buyer didn't pay get this name now at this price, someone would have snapped it up sooner or later. the demand is just so high.