Oversee.net Completes Acquisition of 66 Domain Portfolios

Los Angeles, California. July 17 – Oversee.net, a technology-driven online marketing solutions company, today announced it had acquired over $7 million in domain portfolios during May and had acquired a total of 66 domain portfolios in the past ten months. More than 40% of these portfolio owners have completed repeat sales with the Company.

The Company is accelerating its buying program in the third quarter of this year and is actively seeking to increase its acquisition targets. Oversee has become a preeminent player in the portfolio acquisition market. The Company’s internally created acquisition process allows it to move swiftly from the offer stage, through documentation and funding, to integration, in approximately seven days. Oversee plans to continue its acquisition program and be a viable source of liquidity for domainers.

“Our goal is to accelerate our portfolio acquisition program and grow our domain services business even more aggressively,” said Jeff Kupietzky, Executive Vice President of Oversee and General Manager of Oversee Domain Services. “We are uniquely qualified to understand and exploit the value of domains because of our proprietary technology, superior monetization expertise and experience working with the domainer community. With estimates of 10-20% of paid search traffic now coming through direct navigation, we expect even more interest in this business.”

Oversee is a leader in domain services. It monetizes more than 2 million domain names for third parties through DomainSponsor, its domain monetization service. The Company also owns a portfolio of over 600,000 domains names and now provides a marketplace for buyers and sellers to participate in domain auctions through its wholly-owned subsidiary, SnapNames.com. This year, up to 10 million previously registered domain names will pass through SnapNames' auctions. To submit your portfolio for consideration, go to http://www.oversee.net/corporatesell.php.


About Oversee.net

Founded in 2000, Oversee.net is a technology-driven online marketing solutions company whose core businesses are domain services and online marketing services. Headquartered in Los Angeles, with offices in Portland, OR and San Mateo, CA, the Company has over 200 employees. Some of Oversee’s key brands include SnapNames®, 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 recently 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 http://www.oversee.net.