Communicate.com (OTCBB: CMNN.ob) has announced it will spinout its FreqentTraveller.com operations, with plans of raising $2.0M. Communicate.com owns 8M shares, putting its stake at about $4.0M. The total market cap for Communicate.com is just under $13M.
FrequentTraveller.com has “exclusive travel rights” to Communicate.com’s domains, including Malaysia.com, Indonesia.com, Brazil.com, Canadian.com and GreatBritain.com.
This is a very positive announcement for the domain name industry!
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