Question-and-Answer Session
Thank you. Ladies and gentlemen, we will now conduct the question-and-answer session. (Operator instructions). Your first question comes from Thanos Moschopoulos from BMO Capital Markets. Please go ahead.
Thanos Moschopoulos – BMO Capital Markets
Hi, good afternoon.
Elliot Noss
Hi, Thanos.
Thanos Moschopoulos – BMO Capital Markets
Hi Elliot.
Elliot Noss
Hi mate.
Thanos Moschopoulos – BMO Capital Markets
Elliot, you mentioned in your prepared remarks that you struck an arrangement with the domain buyer to provide some regularity to your domain sales. Can you elaborate a bit there?
Elliot Noss
Sure. Just a little bit. What we are doing there is as expiring names are flowing through, we've got kind of a set range within which they can buy them or we can put the names to them which gives them a little bit of certainty of supply and gives us a little bit of certainty of demand.
Thanos Moschopoulos – BMO Capital Markets
Okay. But I guess it's kind of hard to say what type of quantities, revenues (inaudible).
Elliot Noss
Because it very much is going to be a function of what flows through the system.
Thanos Moschopoulos – BMO Capital Markets
Right.
Elliot Noss
And it's one where people have rights but not obligations as well.
Thanos Moschopoulos – BMO Capital Markets
Okay.
Elliot Noss
Again you and I have talked a lot about this over the last couple of years. I've really been trying to make this a little bit more predictable and a little bit more regular as opposed to spotty as it has been. And this is something that we've been kind of hammering at for a long, long time now. And you can imagine how complicated it is to try and do something in this crazy environment. So we are pretty pleased that we kind of got to the finish line on this.
Thanos Moschopoulos – BMO Capital Markets
And it would be fair to characterize this is a financial buyer of some sort?
Elliot Noss
Yes.
Thanos Moschopoulos – BMO Capital Markets
Okay. Regarding the registration business, you mentioned that your business has a higher usage of names than what is typical for other registrars. Do you have any metrics around that out of curiosity?
Elliot Noss
We actually get that information from the registries who track those things. So it would be – the short answer is, yes. The longer answer is I'll take it offline with you for specifics because it's fairly arcane.
Thanos Moschopoulos – BMO Capital Markets
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