Seevast Announces Sale of Its Moniker Division to Oversee.net

NEW YORK, Jan. 3 /PRNewswire/ -- Seevast Corp, which operates leading ad networks Pulse 360 and Kanoodle, today announced the sale of Domain Asset Management(TM) company Moniker to online marketing solutions company Oversee.net. The divestiture will allow Seevast management to focus on continued growth and innovation in its core ad network businesses -- Pulse 360 and Kanoodle.

Seevast acquired Moniker in 2005 and since then, Moniker, led by CEO Monte Cahn, has grown significantly and pioneered the concept of Domain Asset Management, as well as their successful live and silent domain auction formats.

"While Moniker is a high-performing organization, Seevast has committed to focusing in other areas," said Seevast CEO Lance Podell. "We will continue to innovate and drive value for our publishers and advertisers at Pulse 360 and Kanoodle through our core advertising business and through innovative new programs like our Publishers' Vertical Network product which allows publishers to build vertical ad networks. We wish Monte and his team continued success. We believe there are great synergies between Oversee and Moniker that can accelerate the growth of the business."

Seevast was represented by The Jordan, Edmiston Group, Inc. a New York City based investment bank that specializes in the media and information industries.

About Seevast

Seevast owns and operates marketing services businesses that drive sales and build brands for its clients. Seevast's businesses include Pulse 360, the content-targeted sponsored links innovator and Kanoodle, a pioneer in search- targeted sponsored links. For more information, please visit http://www.seevast.com or the independent sites of Pulse 360 (http://www.pulse360.com) and Kanoodle (http://www.kanoodle.com).