Jonesboro Company Sells Domain Name for $1 Million

by Arkansas Business Staff  on Friday, Nov. 21, 2008 11:32 am  

A Jonesboro distributor of "vibratory deburring" machines has sold its coveted Internet domain name to a Michigan company for a reported $1 million.

The domain name:

Crain's Detroit Business reported the sale to PriveCo Inc. of Hazel Park, Mich., an online retailer of "adult novelty products," which had been leasing the name from VibeSales of Jonesboro since 2002.

According to the Crain's article, Tom Nardone, founder of PriveCo, had balked at VibeSales' asking price but finally paid $200,000 upfront and financed the balance.

PriveCo's flagship site is Nardone told Crain's that took in $30,000 in sales in October.

The person who answered the phone at VibeSales on Friday morning said he wasn't sure who owned the company, which sells industrial vibrators used to smooth off rough edges on metal parts. has been registered to Mickey Seeman of Jonesboro. A message left on Seeman's answering machine was not immediately returned.



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