Communicate.com Sells wrestling.com Domain Name for $500,000

August 14, 2006; 08:05 AM
Communicate.com Inc., a rapidly growing eCommerce company has sold the domain name wrestling.com for US$500,000 in a private transaction.

"This domain sale gives a good indication of the 'real world' value of our premium one-word domains," says David Jeffs, President of Communicate.com. "Following this transaction, Communicate is in the strongest cash position in its history, and we will remain focused on growing our primary eTail business while also seeking opportunistic web acquisitions."

At present, the market demand for premium domain names is exceptionally strong, and Communicate.com will pursue the sale of at least one more sports URL (boxing.com) that is not integral to its business plan and should fetch substantially higher prices than wrestling.com.

Communicate.com (www.cmnn.com), 'Targeted eCommerce Brands', is a rapidly growing, debt-free Internet company with a core focus on eTail. Communicate.com owns some of the Internet's most instantly credible and easily remembered brands, including www.perfume.com, www.body.com, www.brazil.com and www.importers.com, to name just a few. The company's portfolio of intuitively branded B2C and B2B websites naturally attracts a high volume of targeted traffic and potential clients per month, providing it with a crucial competitive advantage in customer acquisition and price. Communicate.com ranked 18th in PROFIT magazine's 2006 'PROFIT 100' list of Canada's fastest-growing companies.