This is an old revision of this page, as edited by EquitiesMagazine (talk | contribs) at 18:44, 4 November 2009 (→Company Structure). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.
Revision as of 18:44, 4 November 2009 by EquitiesMagazine (talk | contribs) (→Company Structure)(diff) ← Previous revision | Latest revision (diff) | Newer revision → (diff) | This article is an orphan, as no other articles link to it. Please introduce links to this page from related articles; try the Find link tool for suggestions. (February 2009) |
Fund.com Inc. (OTCBB: FNDM.OB) is a publicly traded Internet company operating in the financial services, product development, licensing and publishing sectors, based in New York City, New York. The company serves the needs of financial institutions, investors and the general consumer seeking information regarding investment fund options, including hedge funds, mutual funds, exchange-traded fund (ETFs), index funds, etc. Fund.com considers itself the sole company comprehensively focusing on the fund market for all potential investors.
History
Fund.com Inc. was formed in 2007 by Internet entrepreneurs Daniel Klaus, Lucas Mann, and Darren Rennick, who subsequently enlisted the executive services of Wall Street industry veterans; appointing Ray Lang the CEO, Greg Webster, president and Phil Gentile, COO.
The team took Fund.com public by executing a reverse merger with Eastern Services Holdings in January 2008. The merger resulted in the name change to Fund.com Inc, a unique ISBN number, and the ticker “FNDM.BB” on the OTC BB securities market.
Company Structure
Fund.com and its 60% owned subsidiary AdvisorShares make money by earning management fees on assets under management (AUM). AdvisorShares earns varying levels of basis points on all monies invested in its actively managed ETFs, such as NYSE: DENT (Dent Tactical) paid monthly on an annualized basis. Fund.com receives 60% of the net fees retained by AdvisorShares. Fund.com also receives advertising revenue from its website(s).
Domain Name Sales
In March, 2008 Clek Media announced the company had brokered the sale of the domain name “Fund.com” for nearly $10,000,000 in an all-cash transaction, to the company Fund.com Inc. Fund.com Inc never put out a press release on the transaction. The purchase price is the highest recorded price in history, followed by Porn.com (9,500,000) Business.com (7,500,000) and Diamond.com (7,500,000.).