Sedo Brokers Sale of Logo.com for 500K
Don't believe those who say the domain name market has cooled down.
Logo.com, LLC just announced that they have purchased the Logo.com domain name for $500,000.
The company plans to develop an online marketplace to sell graphic design and small business services. The website is scheduled to launch in the first quarter of 2011.
“The domain name Logo.com gives us an immediate presence in the online logo design space.” said Alan Townsend. “Our primary goal is to provide small business customers with affordable, high quality logo designs that help them successfully establish their company’s identity. Long term, our goal is to also provide customers with additional synergistic products and services that they’ll need to operate their businesses. We have a tremendous opportunity to market these products and services to our customers while their businesses are still in the startup phase.”