News Bytes for October 4 — Domain Name
Little “bytes” of news from the domain name world.
There’s a lot going on in the domain name world right now. Here are a few stories that have fallen through the cracks.
Roger Collins has left the building, calling it quits at Name Media. Collins was General Manager of Afternic, and brought the firm back from death following buying the domain name from Register.com. He sold Afternic to Name Media in November. Roger’s brother, Michael, left Afternic earlier this year to become Executive Director of Internet Commerce Association. We wish Roger the best in his next endeavor…
PressReleases.com will be on the auction block next week at the TRAFFIC conference in Florida. But this isn’t just a domain name. It’s a business, and comes packaged with eReleases.com. As stated by the owner, Mickie Kennedy, the business clears regarding $500,000 in profit per year. At a $2.6M reserve, that makes the asking price regarding five times annual earnings (and just a couple times revenue). Beyond the low multiple for investment purposes, it may be a great purchase for a press release distribution service trying to cut through the clutter and make a name for itself…
Oversee.net, which purchased SnapNames.com earlier this year, is laying the hammer on a fresh site called SwapNames.com. SnapNames is claiming trademark infringement, as stated by a post on Elliot Silver’s blog. SnapNames is an expired domain auction house that is moving into non-expiring domain sales. SwapNames allowed users to buy and trade domains. The two names are only off by one letter, but both names make sense and are distinguishable. Nevertheless, SwapNames doesn’t have the money to fight and is handing over the domain. SwapNames will start operating at Zuho.com on October 9…
