Live Sells Two Domains – US $1.65 million
March 8, No CommentsLive Current Media Inc. (OTCBB:LIVC) has announced that it has entered agreements to sell two more of its non-core domain names for $1.65 million.
Live Current Chairman and CEO Geoff Hampson said “We believe the recent sales of three of Live Current’s non-core domain names for a total of over US $2 million is a testament to the inherent value of our domain name assets, especially in this challenging economic climate.”
From the looks of things it seems that they need the cash – “These sales form part of management’s strategy to achieve the goal of cash flow positive operations by the end of 2009.”
I will be interesting to see if other domaining companies follow suit and start selling the family jewels to keep their heads above water. Seems time to pick up a few bargains!
