MOST EXPENSIVE URL EVER IN THE DOT-ORG DOMAIN IS SOLD VIA AFTERNIC.COM
"Engineering.org" goes for nearly $200,000

(New York – May 8, 2000)

What: The domain name Engineering.org has just been purchased via transparent, open auction on Afternic.com for $198,895. This transaction involves one of the highest prices ever paid - for anything - via Internet auction. It is one of the top-25 highest-priced domain names ever sold. This extraordinary closing is the clearest demonstration yet of the rapidly growing value of top-level domains (TLD's) outside of the rarefied dot-com, as well as the premium that an organization will pay for the ultimate generic domain name related to its particular field.

Who: Engineering.org now resolves to a site operated by The American Society of Mechanical Engineers, a New York-based industry organization. It was offered for sale by an independent member of the Afternic.com exchange.

When: The deal became final on Thursday, May 4, 2000.

Where: Afternic.com is located online at www.afternic.com.

Background: Afternic.com is a privately held company based in New York City. In nearly five months of operation, it has become the Web's premier domain name exchange. Afternic.com's domain name portal provides a comprehensive set of invaluable resources for those with a stake in the Internet namespace. Buyers and sellers are able to value domain name assets, perform on-line transactions, place automatic bids, track auction activity and manage complex domain name portfolios. All transactions are protected by Afternic.com's exclusive registration transfer process, DNescrow(SM).

Robert Balazy
Afternic.com
Tel: (212) 201-2000
Email:

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