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08|01|2007 06:04 am EDT

Domainer.com raises $2.0 million CDN

by Frank Michlick in Categories: Domain Development, News

Domainer LogoWhile the following press release is dated July 30th, it apparently only went out today. Domainer.com is a custom service that brings content and domains/traffic together and adds additional means of monetization. The company announced that they have concluded a private placement of CDN $2,0 million (approximately 1,880,000 USD).

From their press release:

The Company partners with Domainers to turn their undeveloped domain name assets into valuable Internet properties. Domainers are people who engage in the business of buying, selling, and monetizing Internet domain names in a manner similar to real estate investors.

“Domain names are the real estate of the Internet,� said Jason Chapnik, the Company’s Chairman, “but until now, Domainers seeking to develop their Internet properties had very limited options. Our proprietary software platform has been designed to allow us to easily develop, configure, and manage the content of a portfolio of websites. We incorporate relevant content from third parties and from our own proprietary content network, thereby turning our clients’ domain names into destinations and brand building opportunities.�

“The monies raised under this offering give us the financial resources to reach a wider group of Domainers and to hire talented individuals to help us achieve our goals,� said Adam Sadowski, the Company’s President.

The Company also announced the addition of Mr. Glenn Graff and Mr. Allen DeBevoise to the Company’s Board of Directors. Mr. Graff is presently the EVP, Business Development for Kaboose Inc. (TSX: KBA), the largest online media company focused on kids and families in North America. Mr. DeBevoise has over 25 years experience in the entertainment, interactive multimedia and Internet industries, and is currently a director of Dealer.com, LAT34.com, Splise.com, and iCreate.com.

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