NSOL +1 ...Network Sol Extends Talks With Commerce Dept's NIIA
If talks go okay, stock should fly, if not ..... .....
Statement from Network Solutions, Inc. on negotiations with
the U.S. Government
Business Wire - September 30, 1998 08:17
WASHINGTON, D.C.--(BUSINESS WIRE)--Sept. 30, 1998--Officials from the Department of Commerce's National Telecommunications & Information Administration (NTIA) and representatives
from Network Solutions, Inc. (NASDAQ: NSOL) meeting here have agreed to a one week extension of the Cooperative Agreement between the U.S. Government and Network Solutions while thenegotiations between the parties continue.
Network Solutions has worked with the U.S. Government pursuant to a five year Cooperative Agreement to develop and maintain some of the key administrative functions of the Internet including
the domain name registration system. The Cooperative Agreement, which began on January 1, 1993 with a three month phase in period, provided for a five year period of operational support (commencing
April 1, 1993) and a six month flexibility period which extended through September 30, 1998. The flexibility period will now be extended until October 7, 1998 while Network Solutions and the
Department of Commerce address the particulars of how other registrars will eventually be allowed to register names in Network Solutions' .com registry. Network Solutions has contracted with more than 2.3 million registrants in .com, .net, .org and .edu. Representatives for both NTIA and Network Solutions will continue in their negotiations during this extension and remain confident regarding the continued stability and security of the Internet. |
