Drugs.com Auction Ends Today at 5:00 p.m. Pacific, with Domain Name Expected to Fetch Minimum $1 Million at Auction
Owner of Domain Name Celebrates 22nd Birthday Saturday
LOS ANGELES--(BUSINESS WIRE)--Aug. 6, 1999--GreatDomains.com, the Internet's leading domain name brokerage, announced Friday that the closely watched auction will close today at 5:00 p.m. Pacific.
Several analysts have predicted that the final auction price will exceed $1 million. The auction can be viewed at www.GreatDomains.com.
''The fireworks are about to begin,'' said GreatDomains.com Chief Executive Officer Jeffrey Tinsley. ''Drugs.com is possibly the best possible name in the emerging online pharmaceutical industry and once this name sells today at 5:00 p.m., it's gone forever.''
''To a large degree, the success of the recent IPO Drugstore.com, currently valued at over $2 billion, can be attributed to the underlying solid domain name used by the company,'' Tinsley said. ''Leading internet companies recognize that they need an outstanding domain name to compete successfully.''
Although not currently developed, Drugs.com receives more than 4,000 ''hits'' each day just from people typing ''Drugs.com'' into their browser, apparently people interested in getting their prescriptions filled on-line.
''Once Drugs.com is developed, I expect it to trounce online pharmaceutical companies who have neglected to use a domain name that is memorable enough,'' Tinsley said. ''It will probably take one-tenth the marketing effort to properly brand Drugs.com relative to a longer and less descriptive domain name.''
''We found out today that the current owner of the Domain Name Drugs.com, Eric MacIver, celebrates his 22nd birthday Saturday. This will be a heck of a Birthday present,'' Tinsley said.
Other high-profile names offered at auction include Loans.com, Prospectus.com, Houses.com, ShoppingMall.com, Addresses.com, Athletes.com, LawOffices.com, Selling.com, Sportscast.com, Tobacco.com and Slim.com as well as approximately 50,000 other domain names listed for sale at www.greatdomains.com.
GreatDomains.com, the Internet's leading domain name broker, has been brokering domain name transactions since 1996 and is respected for its high standards and integrity. There is no cost to list domain names or developed web sites for sale. A 7% commission and a $250 escrow fee is charged when listings are sold. All sales are settled using contract and escrow procedures similar to those used in real estate transactions.
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Contact:
GreatDomains.com
Jeffrey Tinsley, 818/998-4514
jeff@greatdomains.com
www.greatdomains.com |
