Logicbank Media

Successful completion of two major internet domain name transactions announced

InnovationHQ Inc, in conjunction with DnStrategy.com and Logicbank LLC announced Tuesday two blockbuster domain acquisitions with the purchase of Earth.com for $800,000 USD and Sharks.com for $140,000 USD. The transactions were completed using Escrow.com and involved two different private sellers.

Cameron Johnson of InnovationHQ.com and DnStrategy.com, who acquired the domains in conjunction with Seraphim Marcopoulos of Logicbank LLC, sees this double acquisition as a fantastic way to end the year, “We’re thrilled to grab these two terrific premium names! The road to actually landing these domains was filled with high stakes drama, and Seraphim was instrumental in helping us secure them.”

InnovationHQ Inc. holds more than 12,000 generic domain names that generate in excess of five million page views per month. DnStrategy and Logicbank often work closely in securing and brokering top flight domains, as well as financing domain transactions.

The domain name business took off in 2005, not just with half a dozen sales in and around the $1,000,000 USD mark, but with widespread coverage from the mainstream media, with feature articles in The Wall Street Journal, NY Times, and Business 2.0. An increasing number of large scale funds and private consortiums moved into the space in 2005, and the trend is likely to only accelerate in the coming year.

Brandon Abbey, the Managing Director of escrow.com, has seen an increase in big-ticket domain transactions, as well as an overall increase in company revenue from processing domain escrows. “The domain market is exploding, and we are there to act as a trusted third party escrow service that can handle large transactions with both speed and safety. In the last year, our revenue from domain escrows has increased substantially. InnovationHQ Inc., DnStrategy.com and Logicbank LLC are the type of clients that we’re working to serve more efficiently.”

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We are pleased to announce that the internet domain Fastmail.net has been sold to email service FastMail.fm. Details of the sale will be announced in a press release to be issued in conjunction with the closing of two major transactions this past week. Having used FastMail.fm since its commercial inception in 2002, we are confident [...]

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One of the major internet domain transactions of 2005 has closed Escrow.  The transaction value is in the high six figures (US Dollars) and involves a short generic dot com internet domain.  A press release will be issued shortly.

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A major internet domain purchase and sale agreement is set to close. A one word generic dot com is in the final stages of escrow. The purchase price for the domain, in the high six figures USD, will make this deal one of the highest recorded sales of the year. More details and a press [...]

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The transaction for the acquisition of the internet domain Sharks.com transaction has been successfully completed through Escrow.com.  The transaction was valued in the low six figure USD range and closed on December 14th, 2005. More details will follow.

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Business 2.0 magazine’s December 2005 issue features an article on inveesting in domain names and their monetization through direct navigation traffic and ppc advertising systems: The secret? It has to do with what’s known as type-in traffic, or, in Wall Street jargon, direct navigation. Though it may seem odd in the era of powerful search [...]

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The Wall Street Journal reports today on the “legitimization” of the domain name industry. Specifically, that the monetization of domains names through contextual PPC (pay per click) advertising systems has allowed investors to ” … see the Web addresses as long-term investments that yield a steady stream of income for shareholders”. The article refers to [...]

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The first 7 figure domain sale of the year appears to be Fish.com. (Source: Businesswire.com) Leading domain name exchange Afternic.com announced today that it managed the $1 million sale of Fish.com between an undisclosed private party and www.dog.com, a discount dog supplies company and the new owner of the high-value domain name. The all-cash sale [...]

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After receiving a number of inquiries from interested parties, we have decided to list the email domain Fastmail.net, (www.fastmail.net),  for sale.  The domain was originally purchased and intended, along with several other domains, for a email and mobile communications project which was undertaken for the Athens 2004 Olympics.  As it was never used for that particular project it is now superfluous to our interests going forward.  The domain features consistent type-in traffic, derived entirely through direct navigation, and is most suitable for an email services company.  Preference will be given to individuals or companies operating email services and associated entities as the domain’s primary valuation is derived from its brand value.  GreatDomains has agreed to list the domain and has given it an aggressive valuation.  Alternatively, the transaction may be concluded through Escrow.com, Sedo.com, or another service subject to mutual agreement.  Interested parties  may email us by visiting our contact page.  For further information visit www.fastmail.net.

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Logicbank LLC announces the creation of a new Domain Investment Fund.  The primary objective will be purchasing internet domains and web properties consistent with the company’s development objectives.  Additionally, the fund will pursue investments in domains and web properties with significant internet traffic derived primarily through Direct Navigation.  Syndication of the fund continues and is expected to close late third quarter 2005.

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