Here's the The Lowdown
from DN Journal,
updated daily
to
fill you in on the latest buzz going around the domain name industry.
The Lowdown is
compiled by DN Journal Editor & Publisher Ron
Jackson.
SanDiego.com
To Go Up For Sale in a Foreclosure Auction Friday (May
7)
I
have learned that the assetsof SD Acquisitions LLC, owner
of the SanDiego.com
domain name, will go up for public auction at 5PM
(Pacific Time) Friday(May 7), in
the SanDigeo.com offices at 610 West Ash Street,
Suite 1405, in San Diego.
Mark
Burgess, the founder of the company and the
original registrant of SanDiego.com, said that two
notes secured by the domain name and the
rest of the company assets were foreclosed on;
one representing about $2.6 million held
by Blackthorn Equity and another for $500,000
held by North American Equity Partners
with both firms acting for Robert DeuPree,
formerly of American
Internet
Services.
Burgess said that DeuPree put another $700,000
into the company that gave him 37%
equity.
Mark
Burgess
Burgess said
an
independent assessment done by local media
experts Borrell
Associates estimated the value
of SanDiego.com to be as as high as $8
million, given the appeal of the San
Diego market.
SanDiego.com is already a well developed
site that Burgess indicated was doing
around $700,000 annually in ad
sales and search revenues.
Burgess
noted that Borrell believes those revenues
can be increased significantly. "Without
properly applied marketing dollars and
enough sales people, SanDiego.com was
likened to a potential world-class
marathon runner without a coach, a sponsor
or registration in the race or a
16-year-old Elvis picking his
guitar in his room in Tupelo,
Mississippi," Burgess said.
"As original registrant of the domain
name and founder of the company, I agree.
The site receives a very high amount of
direct traffic that gives the site a
chance to convert like no other site
related to San Diego."
Burgess
added, "It's not a technology play, it's a publishing
play and that expertise will be
required to take it to the next level.
I believe the domain name and the business
opportunity is worth a lot more than $3 million
and I am hoping that someone will acquire the
assets and build a successful and profitable
website that will serve the citizens and visitors
to San Diego."
One
other note today. I just returned home
over the weekend after spending last week
covering the 2010 GeoDomain Expo in
New Orleans. Our comprehensive show
review article will be published within
the next seven days. Next up on the
conference schedule is the one-day DOMAINfest
Ft. Lauderdale power
networking event coming up Thursday,
May 13 at the W
Hotel.
The conference will run from 10:30am
to 10:30pm on that day. The show
agenda has been expanded to
include a keynote from Jay Berkowitz,
the
CEO of TenGoldenRules.com.
Highlights
also include an update on Internet
Trends from Oversee.net CEO
& President Jeff Kupietzky and
a two-hour power networking session after
lunch. The remainder of the afternoon will
devoted to four panel discussions. The
first will be a session offering Website
Development Tips and Success Stories
that will feature Brian Gilbert, Rick
Waters, Howard Yeh, Mike
"Zappy" Zapolin. Another
devoted to Keyword Tools and Tactics
in Buying Domains and Acquiring Traffic will
follow featuring Jay Berkowitz, John
Carcutt, Pablo Conde and Jean-Pierre
Khoueiri.
Rounding out the panel program will be a session
on Domain
Buying, Selling & Valuation Trends
featuring Monte Cahn, Bob Mountain
and Kathy Nielsen
and a Legal Q&A discussion of
Intellectual
Property & Domain Names featuring Ari
Goldberger, Zak Muscovitch and Joel
Magolnick.
Next
up - from 4-7pm - will be Moniker's
Premium Domain Auction. Conference
organizers said hundreds
of domain names at all price points and covering
numerous categories will be auctioned at the
Ft. Lauderdale auction. The
grand finale will be a Dinner Networking Party
from 7:30-10:30pm hosted by DomainSponsor.com.
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