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Marchex (MCHX) Unit Reports Improved Q1 Domain Sales

April 29, 2013 9:04 AM EDT
Archeo, Inc., a division of Marchex, Inc. (NASDAQ: MCHX), today announced domain sales for the first quarter of 2013 were $1.4 million, which was comprised of 50 domains sold.

In the fourth quarter of 2012, 31 domains were sold for $863,000. The average price of a domain in the first quarter of 2013 was $27,233 as compared to $27,823 in the fourth quarter of 2012.

“Our focus in the first quarter was adding people and technology to scale our domain marketplace,” said Rod Diefendorf, Archeo Chief Operating Officer. “These sales figures during this initial stage of Archeo’s development help illustrate the value of our domain assets and position us well for the future.”

In November 2012, Marchex, Inc. announced its intention to spin off its domain assets into Archeo, a separate public company that would function as a premium domain and advertising marketplace. The spin-off is expected to be finalized this summer.

Marchex also published a sample list in November 2012 of 2,000 of its more than 200,000 top domains. Only a few domains have been sold since then, highlighting the considerable depth to the portfolio, Diefendorf said.

“We feel good about Archeo’s progress in the first quarter,” Diefendorf said. “We’re establishing a great team and a scalable platform to take this marketplace to the next level.”


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