Communicate.com Completes $1 Million URL Sale.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- Communicate.com Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CMNN) today announced that it has received the fifth $200,000 payment from Manhattan Assets Corp. towards the purchase of Automobile.com, Exercise.com, Call.com and Makeup.com for $1 million. Communicate.com will receive a lifetime five percent royalty from the four domains sold to Manhattan Assets following this final acquisition payment. A recent amendment to the original agreement saw Call.com replace Body.com as one of the four URLs sold--resulting in Communicate.com maintaining ownership of Body.com. "We are pleased to conclude the sale of these URLs and we will continue to promote these sites, as the royalties will add significantly to our bottom line," said David Jeffs, President of Communicate.com. Communicate.com also announced that it used part of the $200,000 payment to repay $50,000 of its $150,000 loan, and will utilize the rest to boost marketing for its online retail stores heading into the lucrative holiday season. More information on the above-mentioned URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. sales agreement can be found in Communicate.com's regulatory filings with the U.S. Securities and Exchange Commission, including the Company's most recent annual report on Form 10-KSB and quarterly report on Form 10-QSB. About Communicate.com Communicate.com is an emerging growth internet company that owns, develops and operates more than 25 intuitively branded top-level eCommerce websites, including Perfume perfume, aroma produced by the essential oils of plants and by synthetic aromatics. The burning of incense that accompanied the religious rites of ancient China, Palestine, and Egypt led gradually to the personal use of perfume. .com, Malaysia.com, Karate karate: see martial arts. karate Martial art in which an attacker is disabled by crippling kicks and punches. Emphasis is on concentration of as much of the body's power as possible at the point and instant of impact. .com and Importers.com. Our online brands are highly recognizable and instantly credible, and include the following categories: health & beauty, travel, sports/lifestyle, telecommunications and consumer electronics. Communicate.com's network of B2C (Business to Consumer) Refers to a business communicating with or selling to an individual rather than a company. See B2B. and B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business websites intuitively attracts approximately one million visitors and potential clients per month with no marketing costs, giving us a competitive advantage in customer acquisition and price. For more information, please visit www.communicate.com. This news release contains "forward-looking" statements, as such term is defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Because such statements include risks and uncertainties, actual results may differ from those expressed or implied herein. Further information on potential factors that could affect the financial results of Communicate.com is included in the Company's filings with the U.S. Securities and Exchange Commission. |
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