According to a press release that hit the wires today, the GoldPrice.com domain name has apparently sold for a reported $940,000, in an “all-cash transaction.” The buyer of the domain name is a company called PM Web Assets.
According to the press release:
“It took green (not gold) for PM Web Assets LLC to scoop up GoldPrice.com. The Texas-based company unloaded $940,000 in an all-cash transaction for the most coveted domain name in the precious metals industry. PM Web Assets has selected Minneapolis-based nFusion Solutions LLC to develop and manage the property.”
Based on Whois records, it would appear that the sale was consummated in the first quarter of 2013. At the end of January, the domain name was registered to a Dot Com Company, and in early February, PM Web Assets became the new registrant.
Aside from the report in the press release, I don’t have any way of verifying this sale. Perhaps Ron Jackson will be able to verify it and include it in his weekly report. At face value, it seems like an excellent price for the domain name.
Press release is below:
DALLAS, Sept. 18, 2013 /PRNewswire/ – It took green (not gold) for PM Web Assets LLC to scoop up GoldPrice.com. The Texas-based company unloaded $940,000 in an all-cash transaction for the most coveted domain name in the precious metals industry. PM Web Assets has selected Minneapolis-based nFusion Solutions LLC to develop and manage the property.
“GoldPrice.com is the crown jewel of domain names in the industry,” confided Joe Bell, President of nFusion Solutions. “There are millions of people around the world searching for the current gold price every day, and we publish it. But the physical market differs from the ‘paper’ market considerably, so when you add in the dealer price comparison technology we have contributed to the site, we are publishing information impossible to find anywhere else.”
Price Comparison Shopping Tool
GoldPrice.com is a price comparison aggregator for top precious metals companies, allowing users to shop top deals by metal type, product type, quantity and weight across a broad selection of authorized dealers. The website already boasts some of the nation’s largest precious metals companies as clients, including: JM Bullion, Merit Financial, Blanchard, Provident Metals,GoldSilver.com, Texas Precious Metals, and SilverTowne, among others.
“Our precious metals dealers see us as an important partner. We are the Expedia of the precious metals market,” remarked Bell. “We’re excited about our plans to continue the expansion of more products, top dealers, relevant content, and more market data. It’s all coming. Buyers are becoming more sophisticated, and the information is vital to the experience. No other site can produce the data we publish, and no other domain offers the brand value of GoldPrice.com.”
nFusion Solutions specializes in market data development, visualization, and integration. The SaaS (Software as a Service) company powers data for websites, mobile apps, e-commerce suites and complex back office applications.
For more information, please visit www.goldprice.com.
Contact:
Jan McDougall
NFUSION SOLUTIONS
jan.mcdougall@nfusionsolutions.com
www.nfusionsolutions.com
888-806-3081 x 104
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