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29-Jun-2007

Problems with .travel Domain Names

There is a possibility of the .travel domain going bankrupt in 2007. Only 25 thousand .travel names have been registered. Obvious problems regard the strict rules, pricing and length of the Domain Name.

Sources such as the US Securities and Exchange Commission suggest the company going bust later on in the month. In May 07 the organisation had a cash balance of estimated $480,000. They had taken previous cost reductions and had shutdown computer games and telephone services which were not making money last year. They are still incurring losses and management see an unprofitable future.