1. Latest News
  2. Submit Press Release
  1. PR Home
  2. Latest News
  3. Feeds
  4. Alerts
  5. Submit Free Press Release
  6. Journalist Account
  7. PRNewswire Distribution
Lurkin Logo

Internet Real Estate Will be the Most Valuable Real Estate Known to Man, Predicts Company's Founder

Decade Old Rare Domain Name Goes Up for Sale

 
PRLog - Jun. 8, 2011 - PARK CITY, Utah -- Domain Names. Facebook just bought one. And they paid a cool $8.5 million for it.

As outlandish as that price tag may seem, it’s not the highest price ever paid for a Domain. That distinction goes to Insure.com, which two years ago, sold for $16 million.

“Internet Real Estate will become the most valuable Real Estate known to man.” states Lurkin’s Founder, Alireza Mirmontazeri. Lurkin, a company founded by Mr. Mirmontazeri in 2002, owns and develops Domain Names. “Internet Real Estate”, as he calls them.

“A great Domain Name is like a great piece of land. In and of itself, that land has value. Now imagine that you develop that land. It’s value just skyrocketed.”

The company’s subsidiary, Mobiveo, which operates in the mobile market, just announced it is selling one of it’s prime properties, MusicRingtones.com.

“This is the opportunity to own a rare gem, and develop it into the defining brand in a billion dollar industry.” Said Mr. Mirmontazeri. The Ringtones industry is estimated to be more than $2 billion globally.

The domain, which is nearly a decade old, is being sold due to a change in the company’s operating model. “We wanted to create the internet’s definitive Ringtones portal, but we are moving in a new direction.”

Pointing to the recent $750,000 sale of Ringtones.com, he added “Virtually everyone in the developed world either has a mobile phone, or wants one, and many want Ringtones. That is allot of potential customers.”

# # #

Founded in 2002, Lurkin owns and operates prime Internet Properties in a variety of industries. Lurkin is a privately held company based in Park City, Utah. Mobiveo is a subsidiary of Lurkin, specializing in the mobile industry. For more information, please visit Lurkin.com or Mobiveo.com.

Facebook is a registered trademark of Facebook Inc. Other names may be trademarks of their respective owners.

--- End ---

Click to Share

Contact Email:
***@lurkin.com Email Verified
Source:Lurkin
Phone:801-668-5151
Zip:84415
City/Town:Park City - Utah - United States
Industry:Internet, Real Estate, Domain names
Tags:Domain Names, domains, internet real estate, Real Estate, mobile industry, Ringtone Industry, ringtones, Marketing
Shortcut:prlog.org/11528512
Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog can't be held liable for the content posted by others.   Report Abuse

Trending News...



  1. SiteMap
  2. Privacy Policy
  3. Terms of Service
  4. Copyright Notice
  5. About
  6. Advertise
Like PRLog?
9K2K1K
Click to Share