news.com.au reports on men.com sale
 

Domain interest rekindled
Anick Jesdanun
December 26, 2003

ONE more sign the technology sector is rebounding: an internet domain name is again commanding seven figures.

Last week, a Florida man sold men.com for $US1.3 million, a healthy profit over the $US15,000 he paid for it in 1997.

The buyers, largely entertainment industry folks who have opted to remain anonymous behind the acquiring company, men.com LLC, want to create a portal for men.

"In the last couple of years, the domain names were selling for significantly less than what they did in '99, 2000," said Monte Cahn, chief executive of Moniker Online Services, which brokered the sale.

He said the seven-figure price tag for men.com "is a big indicator of what's yet to come".

Now KRL is a star everywhere in the world :thumbsup

That's awesome.

I just wish they had waited on the press release til we had a chance to do the site and nice logo etc.

We weren't going to announce anything until the end of January.

But what can you do. Once the media got word it went global.