Mr Kloeden said the investment would hurt the company's EBIT in the first two years but would make money in the long term. NeuLevel won the rights to be the registry for the .biz web suffix last year. The NeuLevel deal facilitates Melbourne IT's move into the lucrative web registry space. It also enables Melbourne IT to act as a data aggregator. Eventually, Melbourne IT would offer services similar to City Search's business directory, Mr Kloeden said.
People registering with .biz do so because they want to be found.
It's basically the equivalent of the Yellow Pages. Your best source of IT news, views and jobs at Australian IT . For all the latest results and news on and off the field, visit Fox Sports .