| Internet Business on the Upswing Increased Domain Activity Dec. 11
2003
Leading internet domain registrar Moniker.com today announced it has seen a substantial surge in
domain resales, registration, transfers and activation - a trend that, coupled
with strong online advertising sales and record levels of attendance at a
major industry trade show, indicate a rebound in the Internet business.
"The market for domain resales is up 23 percent versus 2000, and new domain registration and transfers are reaching an all-time high. Additionally,
a record number of domains are being activated - creating new online businesses." said Monte Cahn, chief executive officer for Moniker.com, "In
late 1999 we sold the domain autos.com for $2.3 million and believe the market
is ripe for new sales at this or greater levels. We are currently listing
several domains, including Shanghai.com, that are worth hundreds of thousands
of dollars based on the interest they're generating."
Several statistics support this trend. Industry analyst Geoff Ramsey, CEO
of eMarketer, expressed optimism. "The Interactive Advertising Bureau and
PricewaterhouseCoopers study just announced that internet advertising grew for
the past two consecutive quarters, and our projection for the year is spending
will be up 14.8%. As another key indicator, online holiday shopping is
predicted to be up 29% to $17.8 billion."
Details at: http://www.cpureview.com/news/20031211internet.htm
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