Bank of America Buys Loans.com for $3 Million at GreatDomains.com in the Highest Price Ever Paid for a Domain Name at Auction.

Business Editors &Multimedia Writers

LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--Feb. 8, 2000

GreatDomains.com today announced that the winning bidder for the domain name loans.com, sold Jan. 28, was Bank of America

See also: and

Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , one of the nation's largest and most respected financial institutions.

The domain name sold for $3 million at GreatDomains.com, setting the record for the highest price ever paid for a domain name at auction. Bids on the domain name had been received from financial institutions and venture-capital firms internationally.

&uot;We congratulate the Bank of America management team for taking this proactive measure to ensure their leadership position on the Internet Internet

Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the ,&uot; said GreatDomains.com Chief Executive Officer Jeff Tinsley Tinsley is a surname and a district in Darnall ward in England.

Tinsley can refer to: People

Beatrice Tinsley (January 27, 1941 - March 23, 1981) - New Zealand astronomer and cosmologist whose research made fundamental contributions to our understanding of how

.

&uot;Based on the amount of traffic this address is currently receiving, not to mention its long-term Long-term

Three or more years. In the context of accounting, more than 1 year.

long-term

1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. potential, this price is a very inexpensive means to drive traffic to their online lending operations.&uot;

The seller was San Jose San Jose, city, United States
San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif., computer consultant Marcelo Marcelo is a given name, which may refer to:

Marcelo Caetano
Marcelo Cassaro
Marcelo Del Debbio
Marcelo Djian
Marcelo dos Santos Cipriano
Marcelo Negrão
Marcelo Vieira da Silva Júnior Real Madrid footballer

Marcelinho Siero Siero is a municipality (conceyu) of the province and autonomous community of Asturias, in northern Spain. Its capital is Pola de Siero. External link

Concejo de Siero

, who registered the domain name in September 1994 for creation of an e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. application. Siero later decided to sell this valuable domain name instead.

&uot;We congratulate Marcelo on this historic sale,&uot; Tinsley said. &uot;We were confident that we would break the record on this valuable name given the power inherent in this domain name.&uot;

&uot;I have nothing but admiration and respect for GreatDomains.com. When I first approached GreatDomains.com to sell my name, I had offers of around $100,000, which I almost accepted,&uot; said Siero. &uot;They represented me professionally and enabled this transaction to occur.&uot;

Record Domain Name Sales

                   TOP DOMAIN NAMES SOLD AT AUCTION

                                   Broker              Date

Loans.com            $3,000,000    GreatDomains.com    January 2000
WallStreet.com       $1,030,000    New Commerce        April 1999
ForSaleByOwner.com   $  835,000    GreatDomains.com    January 2000
Drugs.com            $  823,456    GreatDomains.com    August 1999
Cinema.com           $  700,000    GreatDomains.com    January 2000

                      TOP DOMAIN NAMES EVER SOLD

                                   Broker              Date

Business.com         $7,500,000    None                November 1999
AltaVista.com        $3,250,000    None                July 1999
Loans.com            $3,000,000    GreatDomains.com    January 2000
Wine.com             $3,000,000    None                September 1999
Autos.com            $2,200,000    Hit Domains         December 1999
Express.com          $2,000,000    None                December 1999
WallStreet.com       $1,030,000    New Commerce        April 1999
eFlowers.com         $1,000,000    None                February 1999
ForSaleByOwner.com   $  835,000    GreatDomains.com    January 2000
Drugs.com            $  823,456    GreatDomains.com    August 1999
Cinema.com           $  700,000    GreatDomains.com    January 2000

About GreatDomains.com

Since 1996, GreatDomains.com has been the marketplace for domain names, and now it has more than 300,000 listings. Maintaining high ethical standards and integrity, GreatDomains.com created the procedures by which domain-name sales are handled, protecting the interests of all parties to the transaction. Additional services include domain-name appraisal and third-party domain-name escrow escrow

Instrument, such as a deed, money, or property, that constitutes evidence of obligations between two or more parties and is held by a third party. It is delivered by the third party only upon fulfillment of some condition. services.

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Date:	Feb 8, 2000
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