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Internet REIT Puts the Pedal to the Metal on Domain Acquisitions
Tuesday, August 8, 2006
Leading Internet Traffic Company Reports More than $11.5 Million in New Transactions in the
2nd Quarter, Including CreditReports.com, FarmLoans.com, Tablets.com
HOUSTON, August 8, 2006 - Internet REIT (iREIT), a leading supplier of high-value Internet
traffic to advertisers, today announced that it has completed 34 portfolio acquisitions,
accounting for more than $11.5 million in new domain acquisitions, including such premium
domains as CreditReports.com, FarmLoans.com, EBuy.com, Tablets.com and CreditTips.com.
These premium properties are among the more than 40,000 new domains purchased by iREIT over
the past quarter.
iREIT is building the next generation of Internet media properties, and premium domains
are a key component of the company's strategy; domains that have been minimally developed,
such as Tablets.com or CreditReports.com, are of particular strategic value. iREIT has built
a solid technology and marketing infrastructure that enables the company to rapidly launch
"new and improved" online media properties, turning underdeveloped Web real estate into
content-driven, top destinations that attract and retain visitors and generate substantial
revenue.
"iREIT continues to enjoy success in domain acquisitions because of our reputation for
fair prices and fast, professional transactions," said Bob Martin, chief executive officer
of iREIT. "Our ability to quickly turn our acquisitions into high-value destinations will
further fuel our growth and allow us to expand our market presence as a network of high-value
media properties."
"The leading direct navigation companies are improving the consumer experience, increasing
website functionality, and driving repeat visitation," said Jordan Rohan, RBC Capital Markets.
"iREIT is one of a handful of leaders in the space, and is making significant investments in
its premium media properties to drive long-term value. iREIT uses a careful, scientific approach
to gauge and optimize consumer web navigation trends."
About Internet REIT
Internet REIT (iREIT) is a leading supplier of high-value Internet traffic to advertisers
and receives more than 50 million visitors per month through its portal, content sites and
more than 400,000 domain names. iREIT is working with top domain name portfolio owners to
build the world's largest, most profitable and highest-quality portfolio of Internet domain
names, with traffic on par with the world's leading media properties. iREIT's portfolio of
high-quality domains includes premier properties such as the Netster.com portal, Bands.com,
CreditReports.com, Shows.com, AfricanAmericans.com, NativeAmericans.com, VietnamWar.com,
OfficeSupply.com, and many others. iREIT is a privately held company based in Houston,
Texas. For more information about iREIT, please visit www.ireit.com. |
