LDS Family of Websites, LLC (a subsidiary of Web Solutions, Inc.), an internet retailer of LDS (Mormon) products officially announced that the acquisition of the domain name LDSBookstore.com has been finalized, and plans to develop the website have commenced. The transaction took place through Sedo, a European-based domain markeplace company.
"We are extremely excited about the potential of this domain name. We really feel like it can help our company compete with some of the other, large LDS retailers." said Brandon Young, LDS Family of Websites president and owner. "We considered purchasing the domain name about a year ago, but didn't think we were at a point where it made sense. But with the rate we have been growing, it definitely made sense now." Any retailer of LDS products would be considered a "LDS Bookstore", making the domain name an ideal acquisition for the online LDS retailer.
"Our business model has been successful because we have diversified, this new website will help us to potentially grow into the book market, and continue to diversify." Brandon said. The company did not discuss details of which publishers or products they plan to put on the website, but did make mention of books, and their current line of products. Within one day of finalizing the transaction, the company put up several links to their other websites, indicating their push to begin progress.
The WHOIS records indicated the domain name was previously registered to Nathan Gwilliam of Spanish Fork, Utah. According to his personal blog, gwilliam.com, Nathan was previously the CEO and chairman for Families.com and Today.com, until the companies were sold, and currently works with Adoption.com. The final purchase price for the domain name was not disclosed.
