Internet Business on the Upswing Increased Domain Activity, Ad Sales and Attendance at Leading Trade Show Indicate Growth Trend

Dec 11, 2003, 00:00 ET from Moniker.com

    POMPANO BEACH, Fla., Dec. 11 /PRNewswire/ -- Leading internet domain
 registrar Moniker.com today announced it has seen a substantial surge in
 domain resales, registration, transfers and activation - a trend that, coupled
 with strong online advertising sales and record levels of attendance at a
 major industry trade show, indicate a rebound in the Internet business.
     "The market for domain resales is up 23 percent versus 2000, and new
 domain registration and transfers are reaching an all-time high. Additionally,
 a record number of domains are being activated - creating new online
 businesses." said Monte Cahn, chief executive officer for Moniker.com, "In
 late 1999 we sold the domain autos.com for $2.3 million and believe the market
 is ripe for new sales at this or greater levels. We are currently listing
 several domains, including Shanghai.com, that are worth hundreds of thousands
 of dollars based on the interest they're generating."
     Several statistics support this trend. Industry analyst Geoff Ramsey, CEO
 of eMarketer, expressed optimism. "The Interactive Advertising Bureau and
 PricewaterhouseCoopers study just announced that internet advertising grew for
 the past two consecutive quarters, and our projection for the year is spending
 will be up 14.8%. As another key indicator, online holiday shopping is
 predicted to be up 29% to $17.8 billion."
     Another indicator of the strength of internet business was record
 attendance at leading internet trade show AD:TECH.  "More than 4,300
 interactive professionals attended the recent Ad:Tech show in New York." Said
 AD:TECH Chairperson Susan Bratton.  The market is back and as a result we have
 added a show, in Chicago for 2004, in addition to San Francisco and New York."
     The strength in the Internet and technology sector is based on solid
 business metrics, according to Cahn.  "We are confident about the rebound," he
 added.  "The activity among our customers is based on steady, organic growth.
 Unlike the past, the domain registrations and acquisitions today are resulting
 in real online companies being born.  We believe this bodes well for the
 entire industry"
 
     About Moniker.com
     Moniker.com is one of the top five fastest growing ICANN-accredited
 Internet domain registrars, and is the global leader for corporate domain
 management.  Together with its affiliated companies, Coolhandle.com, a web
 hosting company, and Domainsystems.com, a domain aftermarket services
 provider, the company manages more than 500,000 domains for companies,
 organizations and individuals, and offers leading security and personalized
 customer service for all of its clients.  The company is based in Pompano
 Beach, Florida.
 
     About eMarketer
     Founded in 1996, New York-based eMarketer is the leading independent
 source for statistics, trend data and original analysis covering every aspect
 of the Internet, e-business and emerging technologies.
 
     About AD:TECH
     AD:TECH - The Defining Event for Interactive Marketing, is a conference
 and expo designed for marketers and agencies, AD:TECH focuses on providing the
 big picture about the market numbers, market trends and issues.
 
      Contacts:  Jay Berkowitz             Monte Cahn
                 www.tengoldenrules.com    www.moniker.com
                 561-716-1334              954-984-8445
                 jay@tengoldenrules.com    monte@moniker.com
 
 

SOURCE Moniker.com