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August 27, 2012

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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 assets of 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

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.

(Posted May 3, 2010)


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