July 18, 2007; 06:00 AM Oversee.net, a technology-driven online marketing solutions company, announced that it acquired over $7 million in domain portfolios
during May and acquired a total of 66 domain portfolios in the past
ten months. More than 40% of these portfolio owners have completed
repeat sales with the Company.
The Company is accelerating its
buying program in the third quarter of this year and is actively
seeking to increase its acquisition targets. Oversee has become a
preeminent player in the portfolio acquisition market. The Company’s
internally created acquisition process allows it to move swiftly from
the offer stage, through documentation and funding, to integration, in
approximately seven days. Oversee plans to continue its acquisition
program and be a viable source of liquidity for domainers.
“Our
goal is to accelerate our portfolio acquisition program and grow our
domain services business even more aggressively,” said Jeff Kupietzky,
Executive Vice President of Oversee and General Manager of Oversee
Domain Services. “We are uniquely qualified to understand and exploit
the value of domains because of our proprietary technology, superior
monetization expertise and experience working with the domainer
community. With estimates of 10-20% of paid search traffic now coming
through direct navigation, we expect even more interest in this
business.”
Oversee is a leader in domain services. It monetizes
more than 2 million domain names for third parties through
DomainSponsor, its domain monetization service. The Company also owns a
portfolio of over 600,000 domains names and now provides a marketplace
for buyers and sellers to participate in domain auctions through its
wholly-owned subsidiary, SnapNames.com. This year, up to 10 million
previously registered domain names will pass through SnapNames'
auctions. To submit your portfolio for consideration, go to http://www.oversee.net/corporatesell.php.
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