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Cold.com - Domain Name to be Auctioned, US$1 Million Minimum BidOctober 15, 2008; 03:47 AM WATERTOWN, Mass., Oct 14, 2008 /PRNewswire via COMTEX/ --
Cold.com will be auctioned in
late November with a minimum acceptable bid of US$1 million, announced Patent
Kinetics, LLC, an intellectual property strategy, evaluation, and brokerage
company.
"We anticipate exceptionally strong interest in Cold.com," said Bob Weber,
Managing Director, Patent Kinetics, LLC. "Marketing, advertising, brand
management, public relations professionals, and other executives should
carefully evaluate how the unique Cold.com domain name and web presence could
figure prominently in their efforts to extend brand equity by leveraging
consumers' brand and product associations with the word 'cold'."
Weber noted that the list of product categories and vertical markets that
could make excellent use of the Cold.com domain name by utilizing the
consumer's brand and product associations is surprisingly long, and includes
(and is by no means limited to):
-- Alcoholic and non-alcoholic beverages; High Value Domain Names
Cold.com is one of the few high value, 4-letter .com domain names to be
put up for auction recently. High value domain names that have sold for at
least US$1 million include: Fund.com at just under US$10 million (topping the
list so far for 2008); Diamond.com and Business.com, both US$7.5 million;
AsSeenOnTV.com, US$5.1 million; Vodka.com and CreditCheck.com, both US$3
million; and Rebate.com, US$1 million. A list compiled from public sources of
the 30 high value domain names that have sold for at least US$1 million can be
found at http://www.patentkinetics.com.
Detailed Auction Information:
Sealed bids must be received no later than 5 p.m., Eastern Standard Time,
Friday, November 14, 2008. The minimum acceptable bid is US$1 million. The
sale to the highest bidder is expected to close in early December.
Documents detailing the sealed bid auction process, auction rules, and
related terms and conditions are available on the Web at http://www.cold.com and at http://www.patentkinetics.com. Documents for bidders include: the
Cold.com Sealed Bid Auction FAQ, the Cold.com Bidder Agreement and Rules, the
Cold.com Sealed Bid Submission Form, and the Cold.com Purchase and Sales
Agreement.
About Patent Kinetics, LLC: Based near Boston, MA, Patent Kinetics, LLC is an Intellectual Property
strategy, evaluation, and brokerage company specializing in patents,
trademarks, copyrights, and high value Internet domain names. Dr. Robert
Weber, Managing Director of Patent Kinetics, LLC, has been involved in
Intellectual Property creation and transactions for more than two decades. He
is a named inventor on 20 issued United States patents and a number of foreign
counterparts, and on several patent applications pending in the United States
and other jurisdictions.
SOURCE Patent Kinetics, LLC
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