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Los Angeles, California - (Cheap Web Hosting Directory) - June 20, 2006 - Technology-driven media company, Oversee.net, has acquired a privately-held domain name portfolio of 35,000 Internet domain names. Oversee.net monetizes more than one million domain names with its DomainSponsor, and has more than 100 million unique visitors per month.

Lawrence Ng, Chief Executive Officer of Oversee.net commented, ”The domain industry is undergoing significant change. While it is consolidating on some fronts, there is escalating interest in the acquisition of domain names and direct navigation traffic. An estimated 10-20% of paid search traffic now comes through direct navigation. This provides a great opportunity for Oversee.net, which has a rich history in this space.”

Oversee.net is very active in online advertising and lead generation. Through its agency, Revenue.net, it serves advertisers, publishers and agencies with over 5 billion impressions per month. Its lead generation businesses serve both the financial services and secondary education communities.

Mr. Ng continued, ”Because we are active in the domain name monetization business, we can better evaluate and find opportunities among domainers who want to achieve immediate liquidity. This deal was executed in record time. Unlike financial players, our technology gives us a distinct advantage in evaluating portfolios. We have the knowledge and resources to close an acquisition in a matter of days.”

Oversee.net is a technology-driven media company headquartered in Los Angeles, with over 150 employees, and offices in Northern California and New York.

To learn more, please visit: www.oversee.net.

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