StockMarketWire.com - CentralNic has entered into a premium domain name sales agreement under which it will receive $1m.

CentralNic launched a business trading in premium domains in the second half of 2014, and has since acquired around 4,000 domain names (in addition to its existing inventories) and has sold domains at prices ranging from $3,000 to hundreds of thousands of dollars.

Under the premium domain sales agreement entered into on 30 June, CentralNic will receive $1m consideration in cash, which is payable over the coming months, and the proceeds of which will be utilised to further accelerate growth within the Group, including acquiring additional premium domains to augment the existing portfolio.

CentralNic chief executive Ben Crawford said: "This latest sale of premium domain names not only validates our trading business, but underscores the value of our domain name inventory, with in excess of 20,000 premium domains. We will continue to actively acquire new premium domains where we see real medium term trading value, while also selling those domains which we believe have reached maximum market potential."




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