IPWatchdog.com (PR 6) Auction

[ipwatchdog]

I am new here but believe this post fits under this section and within the terms of use for the forum. Apologies in advance if it is not appropriate.

Here is the text of a press release that will be distributed via the Internet on Tuesday, October 2, 2007:

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Since IPWatchdog.com was originally launched in October 1999, it has been owned and maintained by Gene Quinn, a patent attorney, law professor, author and inventor. Now Quinn is selling the site and domain name via auction, and the auction is nearing completion. The auction will wrap up on Saturday, October 6, 2007 at 5:00pm Eastern Time. For information about the auction or to place a bid you can simply go to http://www.IPWatchdog.com and click on the “Bid Now” banner near the top right of the page.

IPWatchdog.com has managed to become one of the most popular intellectual property websites on the Interent. In addition to extraordinary search engine ranking for highly desirable terms in the competitive marketplace of intellectual property advertising via the Internet, the site has a Technorati ranking of 245,054 out of 107.7 million blogs tracked by the popular blog portal.

IPWatchdog.com also compares extremely favorably with other hot intellectual property websites, including IntelPropLaw.com, BitLaw.com, Patents.com and PatentCafe.com. For example, according to Compete.com, IPWatchdog.com has an average stay per visitor of 5 minutes and 53 seconds, which ranks first among this group, with IntelPropLaw.com at 4:01, BitLaw.com at 2:44, PatentCafe.com at 2:05 and Patents.com at :29. In terms of monthly rank IPWatchdog.com fares even better. According to Quantcast.com, IPWatchdog.com ranks first among this group with a ranking of 69,661 out of over 20 million websites on the Internet, while IntelPropLaw.com ranks 137,918, BitLaw.com ranks 250,241, Patents.com ranks 571,499 and PatentCafe.com ranks 294,480.

The starting bid for IPWatchdog.com was $10,000, and the present bid is $35,000. When asked about the bidding Quinn is excited and optimistic. “I have received a number of serious inquiries both online at the auction site and privately. Interest seems to be growing so I do believe the bidding will go higher, perhaps significantly higher,” Quinn said. When asked about whether a reserve has been set Quinn explained: “yes, I did set a reserve price, which is fairly common for these types of auctions. While I won’t say what the reserve price is I can tell you that the reserve price has not yet been met.”

When asked why he is now selling IPWatchdog.com Quinn explained that “it is time for me to move on. I am embarking on a new business related to the mentored writing of patent applications via an interactive software platform. With this new business I will not have the time to dedicate to keeping IPWatchdog.com fresh. I have taken it about as far as one person can. I will miss it no doubt, but it is time.”

[ipwatchdog]

The auction for IPWatchdog.com is entering the final hours. The auction will end at 5pm Eastern Time today, Saturday, October 6, 2007.

As of right now the bid is $50,000, and the reserve set prior to the auction has not yet been met.

I have heard from individuals who are reluctant to enter the bidding process via auction, but are interested in direct negotiations in the event that the reserve price is not met. In the event that the reserve price is not met I will be following up next week with those who have expressed interest outside the auction.

For more information on the auction see:

http://www.ipwatchdog.com

Thanks.

-Gene

[David Rocci]

Gene: It's always been my experience with auctions that all the action happens in the final hours. Everyone waits to swoop in a get the deal!

How did the auction end up for you? Did you get everything you were hoping for?

-dr