Rbid.com to Acquire Millionaire Island.com
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Terms of the deal were not disclosed. Millionaire Island.com was created earlier this year to support Rbid.com's (RBIDE) supersites and to provide training, technology and support to supersite owners and serve as a virtual business builder for supersites.
Millionaire Island.com explains the supersite operation and program to prospective owners, but after becoming a supersite operator, Millionaire Island.com works for the owner as a virtual business builder, contacting people via the Net that fit the profile of prospective owners and telling the Rbid.com story to those prospective owners.
"Not only does Millionaire Island.com work for the SuperSite owners full time, even while they sleep, but it pays them $350 for every SuperSite sold plus a continuing royalty," said Tina Hagedorn, president of Lead Machine Inc.
The R-auction site has also been upgraded with new features and functionality. Both the layout and the loading speed of the chat area have been revised with news and free e-mail features, which will be established in a domain later.