Oversee.net Buys Domain Portfolio of 35,000 Names

June 20, 2006; 08:56 AM

Los Angeles - Oversee.net, a technology-driven media company, today announced its acquisition of a privately-held domain name portfolio of 35,000 Internet domain names. Oversee.net monetizes more than one million domain names and has more than 100 million unique visitors per month. The Company owns DomainSponsor, which is the industry leader in domain monetization. Because DomainSponsor has a close relationship with the domainer community, Oversee has a unique ability to quickly execute potential acquisitions.

Commenting on the transaction, Lawrence Ng, Chief Executive Officer of Oversee.net, said, "The domain industry is undergoing significant change. While it is consolidating on some fronts, there is escalating interest in the acquisition of domain names and direct navigation traffic. An estimated 10-20% of paid search traffic now comes through direct navigation. This provides a great opportunity for Oversee.net, which has a rich history in this space."

Ng continued, "Because we are active in the domain name monetization business, we can better evaluate and find opportunities among domainers who want to achieve immediate liquidity. This deal was executed in record time. Unlike financial players, our technology gives us a distinct advantage in evaluating portfolios. We have the knowledge and resources to close an acquisition in a matter of days."

Oversee.net is very active in online media and is a leader in both online advertising and lead generation. Through its agency, Revenue.net, it serves advertisers, publishers and agencies with over 5 billion impressions per month. Its lead generation businesses serve both the financial services and secondary education communities.

About Oversee.net

Oversee.net is a technology-driven media company. Headquartered in Los Angeles, the Company has over 150 employees, and offices in Northern California and New York. The Company has been growing profitably since inception.

To learn more, please visit us at http://www.oversee.net.

Oversee.net Ron Sheridan, 213-891-0101 rsheridan@oversee.net or Steve Hisey, 213-408-0557 shisey@oversee.net or Oversee Public Relations Corinne Forti, 805-498-0113 805-368-8665 (cell) cforti@oversee.net