Communicate.com Inc.
OTC Bulletin Board : CMNN

Communicate.com Inc.

November 14, 2007 11:48 ET

Communicate.com Regains Total Control of its Valuable Online Travel and Country Domains

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 14, 2007) - Communicate.com Inc. (OTCBB:CMNN), a rapidly evolving Internet commerce and media company, today announced that it has acquired all of the tangible and intangible assets associated or used in connection with the operations of FrequentTraveller.com Inc. ("FT"), including the full use of the domain names FrequentTraveller.com, FrequentTraveler.com, Brazil.com, Indonesia.com, Malaysia.com, Canadian.com and GreatBritain.com. Communicate.com has also terminated its 2005 domain name lease agreement with FT that granted FT the travel sales and marketing rights for Communicate's online country and destination URLs.

In consideration for this transaction, Communicate.com returned its 50.4 percent ownership interest in FT to FT. Communicate.com no longer holds any ownership interest in FT.

"I am pleased that we have been able to acquire all rights to these domains for Communicate.com," said Geoffrey Hampson, CEO and Chairman. "The previous arrangement did not meet with management's value expectations as we feel that the business opportunities associated with these assets are significant. We will develop strategies to maximize the monetization of these inherently valuable properties."

Internet market research firm eMarketer estimates that US online consumer travel sales hit $79 billion in 2006 and will grow at a 17 percent annual rate before reaching $146 billion in 2010.

About Communicate.com

Communicate.com is building a platform for growth. Using a powerful domain name, distributed tools like widgets, social platforms, search, peer to peer networks and off-line media, each Communicate.com property will become the leading destination for a specific interest, audience or customer. Founded in 1994, Communicate.com is based in Vancouver, British Columbia with offices in Seattle, Washington and is publicly traded on the NASD OTCBB. For more information, visit www.Communicate.com.

Certain statements contained in this press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Although Communicate.com Inc. believes the expectations reflected in such forward-looking statements are based on reasonable assumptions; it can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include financial performance, regulatory changes, changes in economic conditions and other risks detailed from time to time in Communicate.com's filings with the U.S. Securities and Exchange Commission. The forward-looking statements included in this press release represent the Company's views as of the date of this press release. The Company does not undertake any obligation to update any forward-looking statements, and readers are cautioned not to place undue reliance on these forward-looking statements.

Contact Information

  • Communicate.com Inc.
    Adam Rabiner
    Director, Corporate Communications
    (604) 453-4875 or 1-866-898-4354
    Website: www.Communicate.com