Oversee.net Completes Acquisition of 66 Domain Portfolios.Momentum Grows; $7 Million in Portfolio Acquisitions during May LOS ANGELES Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. -- Oversee.net, a technology-driven online marketing solutions company, today announced it had acquired over $7 million in domain portfolios during May and had 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 pre·em·i·nent or pre-em·i·nent adj. Superior to or notable above all others; outstanding. See Synonyms at dominant, noted. [Middle English, from Latin prae 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 Monetization The securitization of the gross revenues of a contract. 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. About Oversee.net Founded in 2000, Oversee.net is a technology-driven online marketing solutions company whose core businesses are domain services and online marketing services. Headquartered in Los Angeles, with offices in Portland, OR, and San Mateo San Mateo (săn mətā`ō), city (1990 pop. 85,486), San Mateo co., W Calif., on San Francisco Bay; inc. 1894. It is a commercial and retail center with some high-technology manufacturing. San Mateo, Spanish for St. , CA, the Company has over 200 employees. Some of Oversee's key brands include SnapNames([R]), the operator of the largest available source of expired ex·pire v. ex·pired, ex·pir·ing, ex·pires v.intr. 1. To come to an end; terminate: My membership in the club has expired. 2. and deleting domain names; DomainSponsor[TM], a global leader in domain monetization; and Low.com[TM], a top consumer financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. portal. Oversee has been growing profitably since inception. Oversee was recently named "Internet and New Media Company of the Year" by the Technology Council of Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, and its CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and co-founder, Lawrence Ng Lawrence Ng Kai Wah (Traditional Chinese: 吳啟華; Simplified Chinese: 吴启华, Pinyin: Wú Qǐhuá , was named a winner of the 2007 Ernst & Young Entrepreneur Of The Year Award for the Greater Los Angeles program in the technology category. To learn more, please visit http://www.oversee.net. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion