People are beginning to believe that the Vibrators.com sale was only a rumor, and not real because the whois doesn’t show the buyer, PriveCo, as then current owners. But trust me when I say that the sale is no rumor, and I have confirmed that with the CEO of PriveCo Inc., Mr. Tom Nardone. In my interview with Mr. Nardone which you can read below, he stated that his company put only $200,000 down, and is financing $800,000 over 5 years. Until that money is almost completely transferred to the old owner that PriveCo Inc. bought it from, the domain is in safe-keeping with a third party.

I got the chance to have a brief interview with Mr. Nardone last night over the phone, when I asked him a few questions I thought viewers might like to hear the facts about. Along with the facts, you can hear a little bit more about Mr. Nardone’s background, and what PriveCo is.

How long have you been in the internet industry for?

I started on October 1 of 1998, when I created PriveCo Inc.

What got you involved in the industry?

Basically I had this idea in my mind that some things are rather embarrassing to buy in person, and are better to be bought in private on the internet.

What exactly is PriveCo. and what do you guys do?

Basically we find things, like Vibrators, that are embarrassing to buy in person, and we sell themem on the internet. PriveCo. started with an online drugstore ShopInPrivate.com, which was the site that kicked off PriveCo. on October 1, 1998. Then in 2002, we founded Bachelorette.com. Vibrators.com started out as a partnership where we convinced the old owner that we would run his site and cut him in a share of our profit.

Was there much haggling done to buy the domain, or was it a fixed price you bought it at?

We have been haggling for years now. The rather wealthy owner wanted $1,000,000 since day one. Although at one point in time we almost closed for $600,000, but the owner backed out in the last minute, once all the paperwork was written up. What sparked this purchase is we wanted to market the site, while the owner didn’t want to spend any money doing so. As for the financial part, we put $200,000 down, and financed $800,000 over 5 years at 8%.

What are your developmental plans for the domain?

Well as I discussed before, we have been running this site for a while, but were only part owners of the domain name and had to throw a lot of the profits to the old owner who we just bought the domain name from. There won’t be any significant changes done to the site, other then our redesign of the site which will be up by December 13 approximately. We are also bettering our affiliate program we put in, not to long ago.

Well that wrapped up our interview. If you have any further questions for Mr. Nardone, just post your comments and questions here, and hopefully he will stay up-to-date with this article and can answer or respond to them for you.