Pacific Octane jumpstarts .au aftermarket, acquires NameSeek.com.au

Pacific Octane CEO James Wester has pushed the button and it's all systems go into the virtual property world of .au domains as the company acquires NameSeek.com.au

According to ZDNet.com.au, "The Australian Domain Name Administrator (auDA) announced the changes ... allowing domain names to be traded freely between interested parties, after a decision to loosen regulation surrounding domain transfer was agreed on by the agency's board in December last year.

Prior to the changes, the sale and transfer of domain names in Australia couldn't happen unless in a "whole-of-business" capacity, meaning that it was not possible for a business to sell its domain name without selling off the entire business."

At the forefront of these changes is Australian entrepreneur James Wester, CEO of Pacific Octane. The .au domain virtual property land grab is in full swing and the newly appointed CEO of Pacific Octane isn't talking about it, he's right up front taking action, spending money and positioning his company as the industry leader as well as one of web's new breed of virtual trailblazers. Since the auDA policy changes in June 2008, Wester has been seeking advice and private consultation to expand the growth and improve the value of the Pacific Octane portfolio.

"We did the first public case study in Australia for domain names that were already proven valuable in the .com market. We're currently working with over 6 leading companies in Australia to not only expand the growth of our .au domain portfolio, but to increase our brand as well through website development."

After being called an idealist and attacked as a tall poppy, Wester's focus and action is driving him towards the company goal of owning and operating 10,000 domains and websites by June 2010.

"The naysayers can talk as much as they want. I am an idealist. I am a very passionate person that dreams daily when I'm working and I rarely dream at night when I'm asleep. When you have experts like David Lye of NetFleet.com.au chatting to you and encouraging the focus and direction in which you're heading, I'm not worried about what other people or companies are saying at all. While they talk, we take action and leave them in the dust," said Wester.

"You also have to admire industry leaders like NetFleet.com.au. That's why we can announce now publicly that Pacific Octane Pty Ltd has acquired NameSeek.com.au, an aftermarket specialist listings website.

"Daniel Felice of NameSeek.com.au will take over as the manager of the existing website as well as coordinate the launch of our new premium .au domain listing website. I'm very excited that we were able to acquire the website as well as Daniel's talent. It's great for our company and we will keep our fingers on the pulse of the market at all times. The website currently has over 2,600 .au domains listed for sale and within the month, we're anticipating over 4,500 .au domains! So I'm stoked to have been able to acquire the NameSeek.com.au website," Wester said.

For more information on the acquisition by Pacific Octane:

Contact details:
James Wester CEO Pacific Octane Pty Ltd
W: www.pacificoctane.com
E: james.wester@pacificoctane.com
M: 04 01 725 885