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Technology Stocks : VeriSign (VRSN)
VRSN 239.85-1.7%Nov 6 3:59 PM EST

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To: Patriarch who wrote (1154)1/9/2001 8:50:28 PM
From: Patriarch  Read Replies (1) of 1285
 
VeriSign and i-DNS.net International Announce Strategic Technology Relationship for Multilingual Domain Name Support

MOUNTAIN VIEW, Calif., Jan. 9 /PRNewswire/ -- VeriSign, Inc. (Nasdaq: VRSN - news) and i-DNS.net International (i-DNS.net) today announced a strategic alliance focused on extending VeriSign's use of i-DNS.net's multilingual enabling technology in its Multilingual Domain Names Testbed.

Under the terms of the relationship, VeriSign and i-DNS.net will work together to enhance the current capabilities of the Multilingual Domain Names Testbed, including adding support for additional characters from other languages and extending functionality of the multilingual registry for registrars. The testbed has received over 700,000 registrations in Chinese, Japanese, and Korean since opening for registration on November 10, 2000.

``We're pleased to enhance our technical relationship with i-DNS.net,'' said Bruce Chovnick, General Manager of VeriSign's Global Registry Services. ``The testbed has exhibited the high demand for these names and we look forward to extending our multilingual capabilities to create a full service offering for the Internet community.''

``We look forward to extending the benefit of a truly multilingual Internet to the non-English world,'' said Michael Ng, CEO of i-DNS.net. ``We are committed to working with local Internet communities and local Internet regulators in each country to ensure that the standardization of domain names achieves both international and local endorsement and acceptance.''

The Multilingual Domain Names Testbed is coordinated with the work of the Internationalized Domain Name (IDN) Working Group of the Internet Engineering Task Force (IETF), which is developing global standards for domain names containing characters beyond the current system of Roman characters and digits. The testbed has proved a valuable tool in gathering information and real-world experience about some of the solutions and proposals put forth to date.

VeriSign and i-DNS.net are both actively engaged in discussions with standards bodies about the best approach toward an open, non-proprietary, global standard for multilingual domain name registration. VeriSign and i-DNS.net continue to update members of the IETF on the plans for and progress of the testbed. Valuable input and feedback has been received, which is being incorporated into future planning of the testbed.

About VeriSign

VeriSign, Inc. is the leading provider of trusted infrastructure services to Web sites, enterprises, electronic commerce service providers and individuals. The company's domain name, digital certificate and payment services provide the critical Web identity, authentication and transaction infrastructure that online businesses require to conduct secure e-commerce and communications. VeriSign's services are available through its Web sites (www.verisign.com) or through its direct sales force and reseller partners around the world.

About i-DNS.net International

i-DNS.net International (i-DNS.net) is the leading provider of multilingual Internet technologies and solutions. The company's core domain name technology allows people to use the language of their choice for their Internet Domain Name. By pioneering the global deployment of multilingual Internet technology and championing the use of multilingual domain names, i-DNS.net seeks to bridge the gap that has hindered Internet access for non-native English users of the world. For more information, please visit i-dns.net .

Statements in this announcement other than historical data and information constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in VeriSign's stock price, uncertainty of Internet privatization, increased competition in the domain name registration business including price competition, customer acceptance of new products and services offered by the company in addition to or as enhancements of its registration services, risks associated with the company's international business, uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. More information about potential factors that could affect the company's business and financial results is included in VeriSign's filings with the Securities and Exchange Commission, especially in the company's Registration Statement on Form S-4 filed on April 12, 2000, as amended, Annual Report on Form 10-K for the year ended December 31, 1999 and Quarterly Report on Form 10-Q for the period ended September 30, 2000.

SOURCE: VeriSign, Inc.
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