Canadian domain registrar and Web hosting provider Avantex (avantex.org) announced on Tuesday that it had reduced the price of its .com, .net and .org domains to $0.99 per year.

"With this major price cut, Avantex is the lowest-cost domain name registration service provider in the industry," says George Baker, president and CEO of Avantex Hosting.

While several hosting companies offer domain names for free as an add-on to their hosting services, Avantex’s price certainly lands below the lowest domain retail prices.

The special price is available only to Avantex hosting customers, however.