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Wednesday, January 21, 2009

Turning A Profit

Web developer George Huger says he turned $5 into $35,000 when he bought the expired Internet domain name for former President George W. Bush's presidential library and then sold it back.
Huger was searching through a list of expiring domain names two years ago when he noticed the Web address www.GeorgeWBushLibrary.com was about to expire.
He bought the rights for $5, then sat on them for two years. Huger says he recently sold them for $35,000.

**FYI: Rights to the new president's address, BarackObamaLibrary.com, are already taken.

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