Ashford.com goes for $400k

By on April 21, 2007

“Sunrise-based Odimo, the one-time online retailer of jewelry and luxury goods, has sold the Ashford.com domain name for $400,000 to private holding company Luxi Group of New York. ((Source: Miami Herald))

The deal follows Odimo’s sales last year of the domain names Diamond.com and WorldofWatches.com in separate transactions valued at almost $10 million.

Odimo is now a nonoperating publicly traded shell company that’s looking for potential merger or acquisition candidates. It has $74 million in loss carryforwards, which a business — for tax purposes — could apply to future profits.”

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About Mark Fulton

Mark is the Founder of DotSauce Magazine and a full time web developer, domain investor, SEO and online marketing professional residing in North Carolina, USA. Visit MarkFulton.com for information on freelance website development, SEO and consultation services.