Taking about classified ad sites, The Globe is one name which requires a special mention. One of the top notch classified ad sites in the web world today, Theglobe. Com, Inc. has made a mark for itself in the internet world of trade. The core areas where The Globe is active in selling are print advertisements, games - both for videos and computers, computer related products and telephone services. All these services and products are sold over the internet and the Globe with its several years of experience has now become one of the big time success stories in the classified ad sites columns.
There are three segments through which the classified ad site-the Globe works. These 3 segments are Internet Services segment, Computer Games segment and VoIP Telephony Services segment. The section of the Globe which is called the Computer Games segment sells computer games and print magazines. They also have an associated website called Computer Games Online. They also have games distribution business which is called Chips & Bits Inc. The Internet Services segment offers developing and distribution of future products as well as services.
The Globe offers a vast range of VoIP (Voice over Internet Protocol) telephony services and for this there is a separate segment as well. The Globe offers telecommunications services to the consumers online. On May 12th, 2005, the company acquired the Tralliance Corporation and operates all over United States. The Computer Games business earned a huge profit for the company and accounts for 81% of the total revenues.
The company had shut down its Internet portal because it wanted to concentrate on online entertainment and computer games. During then the Globe was also making plans for entering the VoIP telephony market. On March 2007 the Globe declared it was closing down its section for computer games. Alongside the company also announced the closing of VoIP telephony services. The company began to focus on the Internet services which were offered in cooperation with Tralliance Corporation.
Theglobe.com was produced by the in house editorial team of Hoover. The Headquarters of the company is in Fort Lauderdale. The company made an announcement that it was selling all the net assets and businesses of its subsidiary Tralliance Corporation. The company was to issue about 269 million shares of the stock to The Registry Management Company LLC. This was as a part of the purchase for The Registry Management. In addition to this, The Registry Management Company will be paying equal to 10% of their net revenue.
|
