VRIO <news>
As a Member of the Shared Registry System, Verio Will Offer Expanded Domain
Name Registration and Web-Hosting Services
ENGLEWOOD, Colo., April 21 /PRNewswire/ -- Verio Inc. (NASDAQ:VRIO), the
world's largest domain-based Web-hosting company and a leading supplier of
business e-commerce services, today announced that the Internet Corporation
for Assigned Names and Numbers (ICANN) has selected Verio as an official
registrar of Internet domain names. Verio will commence operations as an
official registrar after the initial testbed phase of the Shared Registry
System, which is expected to be completed by July 9, 1999. The announcement
was made today during a press conference held at the National Press Club in
Washington, D.C.
As a member of the competitive Shared Registry System, Verio will serve as
an official registrar of .com, .net and .org domain names worldwide. To date,
Network Solutions Inc. (NSI) has served as the exclusive registrar of domain
names. Verio, which currently hosts more than 330,000 Internet domains,
enjoys a preferred-partner relationship with NSI. Because registering a
domain is the primary entry point for developing a Web presence, domain
registration services represent an important customer acquisition channel for
Verio.
To create an open, competitive system for domain registration services,
ICANN developed the Shared Registry System, enabling accredited companies to
serve as official registrars of top-level (.com, .net, .org) Internet domains.
"We are thrilled that ICANN has selected Verio as a member of the Shared
Registry System," said Herb Hribar, president and chief operating officer of
Verio. "We believe that by opening up the domain registration process to
competition, business customers will reap the benefits of increased
innovation, greater options, and more affordable Internet services." Hribar
added, "Verio expects to continue its close working relationship with NSI
through this important transition period and beyond as NSI makes its technical
and background data available to the expanded group of registrars."
About Verio Inc.
Verio Inc. is the world's largest domain-based (e.g. yourcompany.com)
Web-hosting company and a leading provider of business Internet services.
With an emphasis on serving the small and mid-sized business market, the
company offers customers the critical services they need to compete in the new
world of business: high-speed Internet access, Web site hosting, electronic
commerce, virtual private networks, and other enhanced services. Verio
supports its operations with a highly reliable and scalable national
infrastructure including a tier one national network and delivers locally
based sales and engineering support in 41 of the top 50 U.S. markets. The
company also provides Web-hosting services to customers in more than
170 countries and operates an international network of more than
4,000 resellers.
For more information on Verio, visit the company's Web site at
www.verio.com. The corporate headquarters are located in Englewood, Colorado
at 8005 S. Chester St., Suite 200, 80112, phone number 303-645-1900.
Except for the historical information contained herein, certain matters
set forth in this press release concerning Verio are forward-looking
statements within the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. These forward-looking statements
are subject to risks and uncertainties, including but not limited to
fluctuations in operating results, additional capital requirements,
competition and integration of acquisitions and implementation of network
infrastructure. Readers are also encouraged to refer to Verio's reports from
time to time filed with the Securities and Exchange Commission, including the
Company's Current Annual Report on Form 10-K filed on March 31, 1999, for a
further discussion of Verio's business and risk factors that may affect
operating and financial results.
SOURCE Verio Inc.
-0- 04/21/99
/CONTACT: Media: Paul Lonnegren of Clarus Public Relations, 303-296-0343,
ext. 241, paul@claruspr.com; or Corporate: Matt Bell, 303-645-1961,
mbell@verio.net, or Investor Relations: Whitney Fogt, 303-645-1921,
investors@verio.com, both of Verio Inc./
/Web site: investors.verio.net
/Web site: newsroom.verio.net
/Web site: verio.com |
