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Odimo sells domain name
By PATRICK DANNER
pdanner at MiamiHerald .com
Sunrise-based Odimo, the one-time online retailer of jewelry and luxury goods, has sold the Ashford .com domain name for $400,000 to private holding company Luxi Group of New York.
The deal follows Odimo's sales last year of the domain names Diamond.com and WorldofWatches.com in separate transactions valued at almost $10 million.
Odimo is now a nonoperating publicly traded shell company that's looking for potential merger or acquisition candidates. It has $74 million in loss carryforwards, which a business -- for tax purposes -- could apply to future profits.
Peace,
Dan
By PATRICK DANNER
pdanner at MiamiHerald .com
Sunrise-based Odimo, the one-time online retailer of jewelry and luxury goods, has sold the Ashford .com domain name for $400,000 to private holding company Luxi Group of New York.
The deal follows Odimo's sales last year of the domain names Diamond.com and WorldofWatches.com in separate transactions valued at almost $10 million.
Odimo is now a nonoperating publicly traded shell company that's looking for potential merger or acquisition candidates. It has $74 million in loss carryforwards, which a business -- for tax purposes -- could apply to future profits.
Peace,
Dan
