Mobile phone manufacturer gets domain name and trademark rights.
Zoom Technologies, a Chinese manufacturer of mobile phones, has announced it acquired the domain name Zoom.com as well as trademark rights to the Zoom name from Zoom Telephonics.
Zoom Technologies (NASDAQ: ZOOM) paid for the domain name and IP rights with 80,000 shares of common stock, which currently have a market value of about $350,000. Zoom Telephonics is an over-the-counter traded company that has about $400,000 in the bank — so don’t be surprised if they dump these shares on the market when cash runs low.
The price tag is surprisingly low for this domain and brand, and I think the big loser here is the Zoom Whitening brand from Discus Dental. This is a broadly advertised tooth whitening product that is stuck at the domain name ZoomNow.com. At least the company was smart enough to also acquire TeethWhitening.com. (Note: oddly, if you go to TeethWhitening.com it doesn’t appear to mention a connection to Zoom, despite saying the site is “objective”).