Importers.com Sells for $165,000

Firm offloads key web site and domain name.

Live Current Media has concluded the sale of Importers.com for $165,000, Reglike has learned.

In the firm’s most recent 10-Q filed with the Securities Exchange Commission, the firm alluded to a domain sale that included 3 payments:

On April 6, 2010, the Firm entered into an agreement to lease one of its domain names to an unrelated third party for $165,000 less $15,000 in commission. The terms of the agreement provided for the receipt of the net amount of $150,000 to be paid in equal instalments due April 15, 2010, May 15, 2010 and June 15, 2010. The Firm leased the domain name to the purchaser exclusively during the term of the agreement. Title and rights to the domain name were transferred to the purchaser when full payment was received at the end of the lease term. All instalments were received and the Firm transferred the domain name during the quarter ended June 30, 2010.

I speculated last year that the firm was in the process of selling the domain name. But it looks like the sale didn’t happen until this year. In April the whois record for Importers.com changed to Sedo. Then by early July, following the last of the scheduled payments was due, the domain transferred to a fresh owner in Wisconsin.