lucy24 - 7:55 pm on Apr 16, 2013 (gmt 0)
Is this legal?
Oh, c'mon, you know better than that :) Depends on their jurisdiction. But I would think you can say anything you like in a press release. Except things that are illegal for some other reason, like provable slander of a competitor. It's not technically advertising. Even if that is its only reason for existence.
Arithmetic is on their side.
Domain registration = $10.
Parking on shared host or your own server = maybe 50c in electricity?
Default* asking price = $1000.
Sell 2% of your domains each year and you come out ahead. Ask a higher price and the necessary minimum percentage plummets.
* If a domain-name dragon contacts me and asks $1000 for a typo domain name, I have to assume that's the default starting bid in the industry.