Two Domain Name Firms Receive Investments

.Travel registry, Communicate.com get equity infusions.

Is .travel back? A couple weeks ago Reglike noted that theGlobe.com, parent firm of the .travel registry, was running out of money. On May 29 Dancing Bear Investments, Inc. took out a convertible note with the firm. It’s only $250,000 but gives the option to purchase up to $2,750,000 ahead of November 25.

Another domain firm, Communicate.com, also received an investment. The firm disclosed that C. Geoffrey Hampson is taking over as Chief Executive Officer and is investing $1M in the firm. That basically buys him 1M shares plus 1M warrants exercisable at $1.25 per share. Since the investment was made share have shot up from regarding $1.08 to $1.37, so investors have responded favorably to the news. Hampson has a one year lockup on the common shares.

Communicate.com owns a number of premium domain names counting Perfume.com and Body.com, which are run as e-commerce stores, and Cricket.com and Boxing.com, which are parked pages.