Moniker Joins Oversee.net

Thu Jan 3, 2008 11:15am EST
 
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--Industry Leaders Create a Full-Service Domain Powerhouse
         Providing Total Solutions for Domain Professionals--
LOS ANGELES & POMPANO BEACH, Fla.--(Business Wire)--Oversee.net, a leading technology-driven online marketing
solutions company, and Moniker(R), one of the fastest-growing
providers of domain name registration, domain asset management, and
monetization services, announced today that Oversee has acquired
Moniker. Terms of the transaction were not disclosed.

   One of the more innovative ICANN-accredited registrars, Moniker
offers products and services beyond basic registration, including name
creation, registration, acquisition, portfolio management, theft
protection, appraisal and escrow services, traffic monetization, live
and online domain auctions and aftermarket sales. The company is well
regarded by registrants and domain name industry professionals as the
most secure and customer-focused registrar in the industry.

   Moniker operations will remain in Pompano Beach, Florida and will
continue to be led by Monte Cahn, President of Moniker. Cahn has
agreed to a multi-year commitment with Oversee by continuing to run
Moniker, in addition to other senior executive responsibilities within
Oversee.

   Oversee acquired domain name auction leader SnapNames(R) last
June, and the company believes the addition of Moniker will give
Oversee a complete array of services to cement its leadership position
in the domain name secondary market. Oversee will leverage the two
divisions' capabilities by adding Moniker's live auction and
back-office services to SnapNames Live(TM) to offer the industry's
most comprehensive live and silent auction services.

   The first demonstration of the integration will be at DOMAINfest
Global later this month, where SnapNames Live will lead and conduct
the auction, with Moniker providing valuation and escrow services.
More integrated services are planned, including:

   --  Deepening Moniker's continuing commitment to its auction
        partners through the use of the SnapNames Live technology in
        Moniker-managed auctions

   --  The addition of DomainSponsor as an available option in
        Moniker's TrafficClub monetization service

   --  Availability of Moniker's registrar services for SnapNames and
        DomainSponsor customers

   --  Inclusion of traffic and monetization history as data for
        domain name auctions

   --  A complete set of Domain Asset Management services that offer
        domain owners all the tools necessary to profitably manage
        their domains

   Commenting on the transaction, Moniker CEO Cahn said, "Oversee's
advanced technology platform and strong financial resources give us
the capability to focus on further expanding our market opportunity.
This is a dynamic industry, and our collaboration with SnapNames puts
Oversee well ahead of any competitor. This is a tremendous opportunity
for Oversee and Moniker."

   "We are delighted that Monte Cahn and his team of experienced
professionals are becoming part of the Oversee family," said Lawrence
Ng, Chief Executive Officer and Co-Founder of Oversee. "Our primary
objective, as a company, is to continue adding and developing
capabilities that offer customers a greater breadth of products and
services. Moniker is widely respected by industry players and has a
reputation for knowledge, security, and professionalism."

   About Oversee.net

   Founded in 2000, Oversee.net is a technology-driven online
marketing solutions company with two primary divisions--Oversee Domain
Services and Oversee Marketing Services. Headquartered in Los Angeles
with offices in Portland, Oregon and San Mateo, California, the
Company has over 200 employees. Some of Oversee's key brands include
SnapNames(R), the operator of the largest available source of expired
and deleting domain names; DomainSponsor(TM), a global leader in
domain monetization, and Low.com(TM), a top consumer financial
services portal. Oversee has been growing profitably since inception.

   Oversee was named to the Inc. 500 and ranked third in the Deloitte
Technology Fast 50 of Los Angeles and 18th in the nation. Oversee was
also named "Internet and New Media Company of the Year" by the
Technology Council of Southern California and its CEO and Co-Founder,
Lawrence Ng, 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
www.oversee.net.

   About Moniker.com

   Moniker, with headquarters in Pompano Beach, Florida, is the
leading provider of Domain Asset Management(TM), a complete set of
business services that provide companies a single-point-of-access to
help manage and maximize the value of their domains. With more than a
decade of experience, Moniker is a top 10 domain registrar, holds the
industry's highest customer retention rate and pioneered the
industry's first domain appraisal formula. It is considered the
industry's premier marketplace to buy and sell premium domain names.
For more information, visit www.moniker.com.

   About SnapNames.com

   Founded in 2000, SnapNames operates the largest auction of expired
and deleting domain names. Partnering with the world's largest and
best-known registrars and service providers, SnapNames uses its
innovative, patent-pending technology to give its customers exclusive
first access to the world's largest inventory of high-traffic,
brandable and investment-grade domain names every day. SnapNames is
headquartered in Portland, Oregon, and was ranked #5 in the 2007
Fastest Growing Private 100 companies in Oregon. SnapNames is a
wholly-owned subsidiary of Oversee.net. For more information, visit
www.snapnames.com.

Oversee.net
Corinne Forti, 213-408-0800, ext. 1456
Cell: 805-368-8665
cforti@oversee.net
or
Mason Cole, 503-459-5702
Cell: 503-407-2555
mcole@oversee.net

Copyright Business Wire 2008

 

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