Communicate.com to Receive $1 Million for Four Domain Names

Home / Blogs

Communicate.com to Receive $1 Million for Four Domain Names

By Adam Rabiner
September 04, 2003 Views: 23,207 Comments: 2

An e-commerce company, Communicate.com Inc., that develops, owns, and operates a network of websites specializing in travel, consumer goods, sports/lifestyle and B-to-B (business to business) has announced that it has entered into an agreement to sell Automobile.com, Exercise.com, Body.com and Makeup.com for $1 million to Manhattan Assets, Inc., a private U.S. corporation. A non-refundable initial payment of $200,000 has been received.

Communicate also announced that it will retain a five percent perpetual royalty on gross sales generated from the four domains—with a guaranteed minimum monthly royalty of $10,000—after the $1 million total purchase price has been received.

Manhattan Assets, Inc. has also agreed to pay Communicate an initial $40,000 consulting fee to assist in the development of the websites.

Proceeds from the sale, net of a 10% finder’s fee, is planned to be used to accelerate the growth of Communicate’s consumer goods-oriented websites, travel properties and B-to-B site, Importers.com.

“Online business continues to thrive despite the overall economic downturn. U.S. consumer eCommerce purchases are expected to total $95 billion this year, and networked business-to-business transactions are estimated at $2.4 trillion for 2003.”

Some of Communicate’s websites include Perfume.com, Brazil.com, Boxing.com, Canadian.com and Importers.com, together receiveing approximately 1,000,000 visitors per month.

By Adam Rabiner

Filed Under

Comments

Thomas Barrett – Sep 5, 2003 3:13 AM

This doesn’t pass the sniff test for a bona fide transaction. These are essentially four parking pages.

# 1 Reply | Link | Report Problems

dnslife – Sep 10, 2003 11:18 AM

I think it’s great! More power to those who can profit from a generic domain name.

# 2 Reply | Link | Report Problems

The Weekly Wrap

More and more professionals are choosing to publish critical posts on CircleID from all corners of the Internet industry. If you find it hard to keep up daily, consider subscribing to our weekly digest. We will provide you a convenient summary report once a week sent directly to your inbox. It's a quick and easy read.

I make a point of reading CircleID. There is no getting around the utility of knowing what thoughtful people are thinking and saying about our industry.

VINTON CERF
Co-designer of the TCP/IP Protocols & the Architecture of the Internet