Los Angeles, CA September 30, 2008 -- StrictlyDomains, a Los Angeles based domain name investment and development firm, announced today that 'TrustDeeds.com' has officially opened for bidding through Moniker's T.R.A.F.F.I.C. New York extended online auction, being hosted on the SnapNames® auction platform.
Interested parties may now place bids online via the SnapNames® Auction platform until close October 2, 2008 at 3:15 p.m. (EDT). Potential bidders who do not already have a SnapNames® account will be prompted to register in order to participate in the auction.
The Moniker Live auction at T.R.A.F.F.I.C. New York concluded with 102 domain names changing hands out of 228, for an unofficial grand total of $2,967,500 in sales, with an average sales price just over $29,000 per domain name. The highest sale during the Live event went to 'FinancialAid.com' that sold for $800,000.
As of Monday morning, bidding in the Extended Online Auction has thus far produced well over $35 million dollars in bids for domain names such as "CharityAuction.com", bid at $5.8 million; "OnlineHomes.com", bid at $882,000; "HomeRefinancing.com", bid at $705,000; "asset.com", bid at $470,000; "Mortgaging.com" bid at $234,000; and "MortgageService.com" bid at $176,000.
"Financial related, category specific, generic domain names remain the most coveted domains on the Internet," says Mr. Shawn Kaye, founder of StrictlyDomains. The mortgage meltdown sweeping America at the moment has forced many financial companies to write-down the value of mortgage-backed securities (also called "trust deeds") and in some cases liquidate their entire portfolios for as little as $0.22 on the dollar. Rules requiring financial companies to value assets at current market prices called mark-to-market has created enormous mispricing conditions that have created a massive opportunity for able and willing investors looking for a piece of the pie, valued at over $1 trillion dollars.
Ranked #1 on Yahoo! when searching with the term "trust deeds" out of a whopping 15 million results, Mr. Kaye adds, "it's pretty clear that whoever purchases TRUSTDEEDS.COM will gain an instant and significant strategic advantage over their competitors on the Internet for as long as their business remains viable, which could be for a very long time," continues Mr. Kaye "this is truly a once-in-a-lifetime opportunity to own the category-defining domain in a multi-billion dollar industry".
To learn more about bidding options for this event, see a complete list of rules and procedures for all Moniker auctions or review all live and online domain auctions throughout the year, visit the Domain Auction page on the Moniker website at http://www.moniker.com/auction. Bidders may also contact sales@moniker.com or call (800) 688-6311.
