Walter Mencken 8:54 a.m., May 21
SanDiego.com to Be Auctioned May 7
Assets of SD Acquisitions LLC, owner of the SanDiego.com domain name, will go up for public auction at 5 p.m. Friday, May 7 at 610 West Ash Street, Suite 1405, according to DN Journal, a publication covering the domain industry. The magazine says that Mark Burgess, founder of the company, explains that two notes secured by company assets have been foreclosed on. Burgess says that an independent assessment by Borrell Associates puts the value of SanDiego.com as high as $8 million. According to DN Journal, Burgess said the site was bringing in $700,000 a year in ad sales and search revenues. Burgess hopes someone will buy the site and build a successful website. Some talented writers including Welton Jones have appeared regularly on the SanDiego.com site.