Released on: 31, December 1969
, Author: DotAsia Organisation
, Audience: Internet related
Hong Kong, 30 January 2008 DotAsia Organisation is pleased toannounce today the historical smooth completion of the first batch of domainauctions for the .Asia Sunrise (i.e. priority registration period intended forintellectual property rights owners). The auctions proved to be a massive success incontrast to previous chaotic rushes for domain names that leave brand ownersfrustrated. The average winning price for the first batch of contended auctionsnetted over US$1500.00 per domain, with high bids for domain names reaching beyond afew ten-thousand dollars, signifying great interest from companies to invest intothe new .Asia cyberspace. A total of over 600 domain names received more than oneapplication during the first phase of Sunrise (Sunrise 2a) which totaled around15,000 applications. The remaining phases of the .Asia Sunrise is currently ongoingand is scheduled to close on January 31, 2008. This is the last chance fortrademark owners around the world and registered companies in Asia to protect theirnames in .Asia before open public registrations ( Landrush ) begin on February 20,2008.
Mr. Edmon Chung, CEO of DotAsia said, This is the first time ever an auction systemis being used to resolve contention of domain name applications during the startupof a global top level domain registry. Unlike in the past where companies have tocram and rush in a chaotic race for the domains they want, the auction processallows a more rational, fair and calm approach. Companies are showing a greatinterest and willingness to retain the domain name of their choice.
Some of the highlights of the auction action in the first week includewww.tyco.asia s bidding price which reached a surprising US$7600.00, whereas extra.asia closed at an equally surprising price of just US$10.00. Still ongoingauctions include parliament.asia with a current bid at US$5,200.00, and next.asia at US$1050.00. Other names to watch that will go into auction includewell known brands such as levis.asia and iphone.asia . A live auction ticker islocated on DotAsia s website: www.registry.asia.
As anticipated, some of the really good names may go for a very small price, alongwith other surprises. The launch of .Asia truly opens up the chance for companiesand domain investors alike to enter the rapidly growing Asia market. Chung added, It is not too late to make your investment in the most prestigious cyber realestate in Asia, and the land of opportunities that await your exploitation seldomcome much better than this.
About DotAsia Organisation:DotAsia Organisation (www.dotasia.org) is the Sponsoring Organisation and RegistryOperator for the .Asia Sponsored Generic Top Level Domain. DotAsia is anot-for-profit, community-based organisation incorporated in Hong Kong. Asia hasdeveloped into a global force in the international commercial, political andcultural network. The .Asia domain aspires to embrace this dynamism in the AsiaCentury to become a nucleus, intersection and breeding ground for Internet activityand development in the region. To learn more about DotAsia, please visit:http://www.registry.asi a
Source: Express-Press-Release.com
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