RealEstate.NET Domain Name Acquired for $300,000US

February 1, 2007; 02:13 AM

RealEstate.NET Holdings Pty Ltd, a new company established by the team that operates Rooms.NET and Local.NET, has officially acquired the domain name realestate.net. The company plans to extend its market reach and develop RealEstate.NET into a worldwide agent solutions network, focusing initially in the U.S.

"We think realtors and consumers need access to a greater range of services on the Internet without the headaches of maintaining memberships at several websites to achieve the one result, and we believe we can meet those needs with one brand – RealEstate.NET," said Mason Fok, RealEstate.NET Holdings CEO.

The RealEstate.NET brand will be marketed to consumers as the ‘go to’ website to securely contact realtors online, and will incorporate the many features visitors have come to expect from a real estate website along with a few innovative tools that will advance the presence of realtors online.

The final purchase of the domain name RealEstate.NET comes after a thirty-month contract with a Washington based organization. "The acquisition of the RealEstate.NET domain name brings greater value to agent membership and allows agents the opportunity to use @realestate.net e-mail addresses," said Mason Fok.

The company paid $300,000 for the domain name. The RealEstate.NET site will be launched late February and is currently accepting pre-registrations. To learn more about RealEstate.NET’s services or to register your interest, visit http://www.realestate.net (registrations may be completed on-line).

About RealEstate.NET
RealEstate.NET is a provider of online services to the real estate industry. These services include agent websites, feature sites (individual property feature websites), agent directory for public users, agent referral network for agents and @realestate.net e-mail addresses. RealEstate.NET Holdings is a new company established by the insideCity.NET team, a group known for its affordable and high quality web-based solutions including Local.NET and Rooms.NET.

Contact: Paulene Lander, PR Manager, RealEstate.NET, 1-888-820-6281