Stealer
03-20-2007, 12:20 PM
TORONTO, Sept. 7 /PRNewswire-FirstCall/ -- Tucows Inc.
(OTC Bulletin Board: TCOW) today announced the upcoming release of its new
auction service for reselling expiring domain names. The company expects the
service to become available through its channel of service providers in late
2004.
"Presently, most registrants of expiring domain names are unaware of the
potential value of their name and do not share in any revenue from the resale
of their domain name," said Elliot Noss, President and CEO, Tucows Inc. "We
estimate that the resale of expiring domain names in the secondary market
generates about $60 million a year in revenue. Tucows' new service will
enable our registrants to get their fair share of this market."
Tucows is the largest, ICANN accredited, wholesale provider of domain name
registration services. A significant percentage of the expiring domain names
currently resold in the secondary market, were originally registered through
Tucows' extensive channel of service providers. Tucows' new domain auction
service is designed to give its registrants the opportunity to share in the
revenue from the resale of their expiring or recently expired domain name
while preserving all of their existing rights. Tucows will share all proceeds
from the auction service with the former registrant and participating service
providers - with the registrant receiving the largest portion.
"Currently a registrant has approximately seventy-five days after the
domain expiry date to renew or redeem their domain name," continued Noss.
"Tucows' new domain auction service will preserve the original registrant's
right to renew or redeem their domain name, with the added bonus of being able
to participate in the revenue if the name is resold after it expires.
Currently, when most registrants allow their domains to expire, they never
know if that name was subsequently resold in the secondary market and they
don't share in that revenue."
Further details about Tucows' domain auction service will be available
when the new service is launched.
About Tucows
Tucows Inc. is a leading provider of wholesale Internet services and back
office solutions to a global network of more than 6,000 web hosting companies,
ISPs and other service providers. As the largest ICANN-accredited wholesale
domain name registrar, Tucows offers a suite of complementary internet
services including: domain name registration and management, digital
certificates, email services and web publishing services. Tucows back office
products, including the Platypus Billing System and customer relationship
management solutions, enable service providers to automate and enhance their
service offerings. Tucows also distributes software and other digital content
through its global network of affiliates offering more than 40,000 software
titles. For more information, please visit: http://www.tucowsinc.com.
This press release includes statements that constitute "forward-looking"
statements, including, without limitation, that Tucows expects its new auction
service to become available through its channel of service providers in late
2004 and it estimates that the resale of expiring domain names in the
secondary market generates about $60 million a year in revenue. Such
statements are based on management's current expectations and are subject to a
number of uncertainties and risks that could cause actual results to differ
materially from those described in the forward- looking statements. More
information about potential factors that could affect Tucows is included in
the Risk Factors sections of Tucows' filings with the Securities and Exchange
Commission. All forward-looking statements included in this document are based
on information available to Tucows as of the date of this document, and Tucows
assumes no obligation to update such forward-looking statements.
TUCOWS is a registered trademark of Tucows Inc. or its subsidiaries.
Platypus Billing System and Wombat Help Desk are trademarks of Tucows Inc. or
its subsidiaries. All other trademarks and service marks are the properties
of their respective owners.
SOURCE Tucows Inc
(OTC Bulletin Board: TCOW) today announced the upcoming release of its new
auction service for reselling expiring domain names. The company expects the
service to become available through its channel of service providers in late
2004.
"Presently, most registrants of expiring domain names are unaware of the
potential value of their name and do not share in any revenue from the resale
of their domain name," said Elliot Noss, President and CEO, Tucows Inc. "We
estimate that the resale of expiring domain names in the secondary market
generates about $60 million a year in revenue. Tucows' new service will
enable our registrants to get their fair share of this market."
Tucows is the largest, ICANN accredited, wholesale provider of domain name
registration services. A significant percentage of the expiring domain names
currently resold in the secondary market, were originally registered through
Tucows' extensive channel of service providers. Tucows' new domain auction
service is designed to give its registrants the opportunity to share in the
revenue from the resale of their expiring or recently expired domain name
while preserving all of their existing rights. Tucows will share all proceeds
from the auction service with the former registrant and participating service
providers - with the registrant receiving the largest portion.
"Currently a registrant has approximately seventy-five days after the
domain expiry date to renew or redeem their domain name," continued Noss.
"Tucows' new domain auction service will preserve the original registrant's
right to renew or redeem their domain name, with the added bonus of being able
to participate in the revenue if the name is resold after it expires.
Currently, when most registrants allow their domains to expire, they never
know if that name was subsequently resold in the secondary market and they
don't share in that revenue."
Further details about Tucows' domain auction service will be available
when the new service is launched.
About Tucows
Tucows Inc. is a leading provider of wholesale Internet services and back
office solutions to a global network of more than 6,000 web hosting companies,
ISPs and other service providers. As the largest ICANN-accredited wholesale
domain name registrar, Tucows offers a suite of complementary internet
services including: domain name registration and management, digital
certificates, email services and web publishing services. Tucows back office
products, including the Platypus Billing System and customer relationship
management solutions, enable service providers to automate and enhance their
service offerings. Tucows also distributes software and other digital content
through its global network of affiliates offering more than 40,000 software
titles. For more information, please visit: http://www.tucowsinc.com.
This press release includes statements that constitute "forward-looking"
statements, including, without limitation, that Tucows expects its new auction
service to become available through its channel of service providers in late
2004 and it estimates that the resale of expiring domain names in the
secondary market generates about $60 million a year in revenue. Such
statements are based on management's current expectations and are subject to a
number of uncertainties and risks that could cause actual results to differ
materially from those described in the forward- looking statements. More
information about potential factors that could affect Tucows is included in
the Risk Factors sections of Tucows' filings with the Securities and Exchange
Commission. All forward-looking statements included in this document are based
on information available to Tucows as of the date of this document, and Tucows
assumes no obligation to update such forward-looking statements.
TUCOWS is a registered trademark of Tucows Inc. or its subsidiaries.
Platypus Billing System and Wombat Help Desk are trademarks of Tucows Inc. or
its subsidiaries. All other trademarks and service marks are the properties
of their respective owners.
SOURCE Tucows Inc