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Toronto, Canada - (Cheap Web Hosting Directory) - June 22, 2007 - Domain registrar and Internet services firm, Tucows Inc., has reported that it has sold 2,500 domain names from its portfolio, for US$3.0 million. The private transaction may earn Tucows an additional US$1.2 million, if certain performance criteria are met, with additional payment made within one year.

Elliot Noss, President and CEO of Tucows Inc. remarked, ”This sale indicates some of the latent value of our domain name portfolio,” said “As I have stated in the past, we will continue to be opportunistic with our domain name assets. While, this transaction does contain revenue-generating assets, we felt that the sale was appropriate. This transaction also provides us with an opportunity to step back and evaluate some operating possibilities. Accordingly, while we now believe our cash flow from operations for 2007 will likely be at the top end of the US$10 million to US$12 million range, we do not expect to be discussing any possible change in guidance until our next conference call at the earliest.”

Tucows Inc. provides Internet services and download libraries through a global distribution network of 6,000 service providers. The distribution network primarily consists of web hosting companies, ISPs (Internet Service Providers) and other Internet related service companies. The companies use Tucows’ provisioned services to offer solutions to customer: enterprises, small and medium businesses and consumers. Tucows is an accredited registrar with ICANN (the Internet Corporation for Assigned Names and Numbers) and earns most of its revenue from domain name registration services plus hosted email, spam and virus protection, blogware, website building tools, the Platypus Billing System and digital certificates.

For more information about Tucows, please visit: www.tucowsinc.com.

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