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Business reporter Hayley Millar
"In the US, web addresses have sold for millions"
 real 28k

Tuesday, 18 January, 2000, 18:02 GMT
Cashing in on Scottish web connection

Steven McColl Steven McColl is hoping to make £200,000 from the sale


A young Scottish entrepreneur has put 50 Scottish web addresses up for sale in an attempt to cash in on the hype surrounding the internet.

Steven McColl, who has spent the last two years registering addresses like www.scottish-jobs.com and www.scottish-business.com, hopes to raise more than £200,000 from the portfolio of names.

The list includes topics like hotels, health, universities, property, farming and pubs.

'Tremendous interest'

Mr McColl, 24, said he was selling the portfolio to concentrate on running his eParliament website.

"There has been a tremendous amount of interest in the names from all over corporate Scotland, with private investors, advisers and the media all coming forward."


Address list The addresses cover a variety of businesses
He added: "It is probably too early to say who will make official offers or how much the names are valued at, but I am confident with this much interest that our early estimates could prove conservative."

Megan McGregor of Anderson Strathern Solicitors, who is advising on the sale, said: "The dot com names are the international indicator.

High-profile names

"It is a bit like having the word plc after your name. It tends to suggest to the public that you have been in business for quite a long time, and also that you have an international reputation."

Some high-profile domain names, which can be registered by anyone willing to pay the registration fee, have sold for millions of dollars in the USA.

However, a $10m bid last month for the name year2000.com was exposed as a hoax.

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See also:
06 Jan 00 |  Business
2000 web address bid a hoax
02 Dec 99 |  Business
The $7.5m net address
06 Dec 99 |  Business
Betting on banks.com
01 Jan 00 |  Business
'Business as usual' in Y2K
02 Jan 00 |  Business
Bug checks smooth so far
01 Jan 00 |  Business
Banks unscathed by century switch

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