StockMarketWire.com - CentralNic has contracted to acquire the business and certain of the assets of Internet.BS Corp, a leading retailer of domain names registered in The Bahamas, for a maximum consideration of $7.5m.

CentralNic says Internet.BS is one of the world's top 30 domain name retailers, and it serves a global customer base from 199 countries. It has been trading for eleven years and it is accredited by the global regulator ICANN as well as the numerous operators of country codes including .eu for Europe and .in for India.

Internet.BS is a profitable, cash generative business delivering unaudited operating profits and profits after tax of USD 730,000 for the year ending 31 December 2013.

The acquisition is expected to be earnings enhancing from day one, excluding transaction costs.




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