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07|16|2009 07:37 pm EDT

GoDaddy Cancels Domain Distribution Agreement with Dark Blue Sea

by Frank Michlick in Categories: News

DDN logoAccording to a filing with the Australian Stock Exchange (PDF), Dark Blue Sea (ASX:DBS, the parent company of Fabulous.com and the Domain Distribution Network (DDN), domain registrar GoDaddy has canceled their distribution agreement. This means that as of August 13th, 2009 GoDaddy is no longer listing domains from their own “Fabulous Domains” portfolio and domains from other sellers under this distribution agreement. According to the announcement GoDaddy has not provided a reason of the cancellation of the agreement and DBS is awaiting some additional information from them. In the meantime DBS plans to emphasize their own sales channel in order to avoid an adverse affect on their sales numbers.

Read the full announcement after the jump.

DARK BLUE SEA LIMITED
ACN 091 509 796
Company Announcement
Date: 17 July, 2009
GoDaddy Domain Sales Agreement Termination

Dark Blue Sea advises late yesterday that it received a notice from GoDaddy that
they will be terminating the “Domain Name Sales Distribution Agreement” effective
13 August 2009.

The company has contacted GoDaddy to seek further information regarding the
notice and is awaiting a response.

Dark Blue Sea will assess the effect of termination going forward, but believes that
the impact of this may have a material adverse affect on future revenue and profit.
GoDaddy is one of a number of partners with whom Dark Blue Sea makes domain
sales. Management is actively seeking to increase sales through existing channels
as well as fast tracking a number of other channels already being pursued. The
company has it’s own sales channel that, whist it makes a material contribution to
overall sales, is one that the company has not aggressively pursued due to our
GoDaddy agreement. Management will immediately change the emphasis on our
own channel.

About Dark Blue Sea

Dark Blue Sea is an online advertising intermediary or “internet traffic” broker
servicing a global customer base from its office in Brisbane. Dark Blue Sea has
developed and successfully manages a number of world-class commercial Internet
properties including:

  • Roar and PageSeeker, pay-per-click advertising portals;
  • Fabulous, an ICANN accredited domain name registrar and domain name management system;
  • Dark Blue, an online advertising affiliate network;
  • Domain Distribution Network; and
  • Domain Name Portfolio.

Fabulous, Dark Blue and Roar / PageSeeker provide a fully integrated package for
the generation, management and monetization of “internet traffic”. “Internet traffic” is
directly analogous to shopping centre floor traffic.

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14 Comments

[…] View post:  GoDaddy Cancels Domain Distribution Agreement with Dark Blue Sea … […]

D

July 17, 2009 @ 3:08 am EDT

Nananananana
Fabulous are fcukers and had it comming !

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Frank Michlick

July 17, 2009 @ 9:09 am EDT

Thank you for your extremely constructive comment. Compared to some other registrars I found that Fabulous always treats me with respect and responds to any request within no time. Care to elaborate on your negative experience with them?

[…] of its biggest shareholders is trying to oust its Chairman. But the news got worse yesterday, as reported by Domain Name News: GoDaddy terminated its sales agreement with the […]

Jay

July 17, 2009 @ 1:38 pm EDT

I really liked Fabulous but with the recent price hike it would have cost me hundreds more per year using them instead of godaddy. I know I’m not the only one pulling their $400-$1200+ per month budget away as I have talked to others that will be doing the same. Combine losing some solid consistent customers like myself with losing the eyeballs of godaddy’s customers on the distribution network and their biggest stock holder nipping at their heels and I think this could be a financial kill, I know they have fabulousdomains.com but I gotta think godaddy produced the majority of the sales, good luck, I’m curious to hear why godaddy did this if they respond.

[…] DomainNameNews.com, reported on Godaddy dropping DBS Domain Distribution Network from its […]

Drew

July 17, 2009 @ 4:05 pm EDT

>and had it comming !

The prosecution rests, Your Honour.

Sikis

July 18, 2009 @ 2:18 am EDT

Sikis

stephen douglas

July 18, 2009 @ 3:40 am EDT

Fabulous has always treated me with respect, good service, and great deals. Losing GoDaddy as a distribution point is basically really like saying “Well Vito, I guess the Family is out of da pimping biz!”

@ D — you’re such a pussy for posting anonymously. I think all anonymous posts on blogs should be disallowed, just for the sake of legitimacy. If it’s anonymous, and a non-constructive snide remark, it shouldn’t be posted.

[…] of its biggest shareholders is trying to oust its Chairman. But the news got worse yesterday, as reported by Domain Name News: GoDaddy terminated its sales agreement with the […]

Paruchuri Sridhar

July 20, 2009 @ 3:20 am EDT

Thank you for this informative post. It’s hard to learn that godaddy cancelled agreement with fabulous.

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