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Tucows Inc. yesterday announed the sale of 2,500 domain names from their domain portfolio for $3 million. In addition to that, Tucows will be paid up to $1.2 million if the sold domains meet performance criteria agreed upon in the deal. According to the company’s press release, Tucows thinks they got a fair deal, although there are traffic and revenue-producing domains among the 2,500 names sold.

“This sale indicates some of the latent value of our domain name portfolio,” said Elliot Noss, President and CEO of Tucows Inc. “As I have stated in the past, we will continue to be opportunistic with our domain name assets. While, this transaction does contain revenue-generating assets, we felt that the sale was appropriate. This transaction also provides us with an opportunity to step back and evaluate some operating possibilities. Accordingly, while we now believe our cash flow from operations for 2007 will likely be at the top end of the US$10 million to US$12 million range, we do not expect to be discussing any possible change in guidance until our next conference call at the earliest.”

Link: Press Release