RALEIGH, N.C. (AP) — 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.
The News & Observer of Raleigh reports Tuesday that 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 to Florida-based Yuma Solutions, which the Bush Library Foundation says is in charge of Web site care. Company owner Mark Mills didn’t return the newspaper’s calls.
Rights to the new president’s address, BarackObamaLibrary.com, are already taken.
Information from: The News & Observer, http://www.newsobserver.com