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Bido.com Held Their First Domain Auction of 2009 With Great Success!

Posted on: Thursday, 19 February 2009, 17:52 CST

BOYNTON BEACH, Fla., Feb. 19 /PRNewswire/ -- Tim Smith of Team Smith Properties was the winner of today's hour long auction at Bido.com of the EquityGrant.com domain. The domain name sold for $810.00 when the bidding closed at 2:00 PM EST Thursday, February 19th.

Bido.com focuses on one premium domain name auction each day of the week. People both within the domain name industry and outside the domain name industry have a chance to acquire great domains at fair market value via Bido.com auctions. The Bido platform is the first and only Social Auction Platform of its kind, with Patent Pending technology.

Jarred Cohen, Vice President of Bido commented, "We're very pleased to see a traditional brick and mortar real estate company (Team Smith Properties) involved in acquiring virtual real estate in our auction today. Mr. Smith clearly sees the value in the newly acquired domain name EquityGrant.com. At Bido, we feel that domain names are like undeveloped real estate, and once you purchase a good location it's time to build. Finding a good location, in this case the EquityGrant.com domain name, is instrumental in success."

The EquityGrant.com auction was a success in many regards. "We had thousands of viewers of the Bido auction today, we were quite happy to see all the interest the auction generated. We worked hard to rebuild certain aspects of the Bido platform and to relaunch with such a raging success was a real joy for us. The system didn't flinch whatsoever, and everything went as planned, as we intended it would. We're looking forward to returning to the weekday format of selling a premium domain name each and every day of the week and of course the platform enables us to scale up the quantity of domains we can accommodate and sell per day."

Bido is currently receiving thousands of domain name submissions on a weekly basis. Jarred commented, "It's a daunting task to sort through all the submissions we receive. We've been inundated with submissions, and we wish that we could accommodate all the sellers who wish to sell their domain names with us. In the coming weeks, there'll be tremendous enhancements to the platform that will benefit all of our potential buyers and sellers."

Jarred continued, "We wish Team Smith Properties the best of success with their newly acquired digital asset EquityGrant.com. We're running an auction tomorrow geared towards the restaurant and nightclub industry with the sale of the domain BarPictures.com -- think of all the uses a company could do with such a memorable and catchy domain. We welcome anyone with interest in the domain to log on to http://www.bido.com, register as a member of the auction, and partake in the bidding."

The Bido Team may be reached for comment at 1-800-611-Bido or via the http://www.bido.com website.

ABOUT BIDO.com, LLC:

Bido.com, LLC has offices in Boynton Beach, Florida. The company also owns the domain name management platform http://www.DNZoom.com that allows domain name owners and managers a centralized platform to manage their domain name registrar accounts, domain name parking accounts and track domain name auctions at many of the other leading domain name aftermarket and brokerage websites. Bido auctions off one domain name per day at http://www.Bido.com. Bido auctions premium domains such as those found on DNJournal.com, BuyDomains.com, Sedo.com, DomainSponsor.com, and other fine, premium domain name exchanges.

SOURCE Bido.com

Source: PR Newswire

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