from NSOL's web site:
Network Solutions Implements New Registry System
Herndon, Va., April 2, 1999 - Network Solutions, Inc. (NASDAQ: NSOL), the world leader in Web address registration, today announced the installation and testing of a new and separate registry backend system that will allow multiple globally diverse registrars to register domain names. Network Solutions pioneered domain name address registration and has built and maintains the world's leading registrar services.
"Network Solutions is dedicated to ensuring a successful evolution to a completely new global competitive registry system and we are moving at full-speed in close cooperation with the U.S. Government and the Internet community," said Donald N. Telage, Network Solutions' senior vice president of Internet Relations. "This complex system will be available ahead of schedule. We are eager to work with the Department of Commerce and the Internet Corporation for Assigned Names and Numbers (ICANN) during this important phase of the project."
In order to install the test Shared Registration System, it is anticipated that there will be intermittent disruptions to Network Solutions' registrar services from 10 p.m. EST, Friday, April 2, until mid-morning Saturday, April 3. The Shared Registration System will be modified during this period and registrants may experience difficulty attempting to reserve or change existing domain name registrant data through the www.networksolutions.com registrar site. There will also be minimal delays in processing email template registrations. Every registration e-mail template registration submitted during this period will be queued and processed once all systems are operational. Registrants and ISP or web hosting companies will not need to resubmit their email templates. During this period the Web-based registrations and our Whois look-up service will be available.
Network Solutions also plans to establish a new Shared Registry System Web site that will be a resource for new test phase registrars. The new registry site, when available, will be at www.nsiregistry.com, and will serve as an initial resource for new registrars in the top-level domain names .com, .net and .org. The new registry site will be distinct from Network Solutions recently consolidated registrar site at www.networksolutions.com. Network Solutions' registry site will contain documents and links pertaining to the Shared Registry System transition effort, including the Department of Commerce documents referred to as the "Green Paper," and "White Paper;" plus links to other groups participating in this worldwide Internet transition.
About Network Solutions
Founded in 1979, Network Solutions, Inc. (NASDAQ: NSOL) pioneered the development of registering Web addresses ending in .com, .net, .org and .edu. Network Solutions also provides Internet Technology Services that assist large commercial organizations in the evolution and management of their Internet technologies. For more information, see the www.networksolutions.com Web site.
Network Solutions registers the majority of Web addresses through agreements with Internet companies around the globe, including more than 70 domestic and 90 international companies in its Premier program. Network Solutions has created value-added small business solutions through agreements with leading companies including American Express (NYSE:AXP). Through its Alliance program, Network Solutions works closely with EarthLink (NASDAQ: ELNK), MindSpring Enterprises, Inc. (NASDAQ: MSPG), Interliant, Inc., and ValueWeb (NASDAQ:ESPI). Network Solutions has also entered into marketing agreements with companies including Yahoo! Inc. (NASDAQ: YHOO) and Netscape Communications Corporation (NASDAQ: NSCP).
For Network Solutions, Media: Brian O'Shaughnessy, brianos@netsol.com 703-326-6076 or Investor Relations: Sean McClorey, smcclorey@netsol.com, 703-326-6090.
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, uncertainty of Internet governance and regulation, increased competition in the Internet Technology Services business, our ability to attract, integrate, train and retain key personnel knowledgeable about such business and customer acceptance of new services offered by the company in such business. More information about potential factors that could affect the company's business and financial results is included in the company's filings with the Securities and Exchange Commission, especially in the company's Registration Statement on Form S-3 filed on January 4, 1999, as amended, Annual Report on Form 10-K for the year ended December 31, 1997 and Quarterly Reports on Form 10-Q for the periods ended March 31, 1998 and June 30, 1998 and September 30, 1998.
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