Hopefully this will be the beginning ...
VANCOUVER, British Columbia, May 26 /PRNewswire/ -- NetNation
Communications Inc. (BB: NNCI), a leading provider of E-Commerce and Web hosting solutions, today announced that the Internet Corporation for Assigned Names and Numbers (ICANN) has selected NetNation as an official registrar of Internet domain names. NetNation will commence preparations as an official registrar after the initial testbed phase of the Shared Registry System, which is expected to be completed by July 9, 1999.
Until recently, Network Solutions Inc. (NASDAQ:NSOL) held sole authority to register domain names ending in ".com," ".net," and ".org," which grace between 50 percent and 75 percent of the world's Internet addresses. Last year, the Commerce Department appointed ICANN to open up competition and to oversee the privatization of the Net's daily upkeep.
NetNation, which has registered over 18,000 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 NetNation. "We are thrilled that ICANN has selected NetNation as a member of the Shared Registry System," said David Talmor, President and CEO of NetNation. "This will give NetNation an important revenue stream and at the same time business customers will reap the benefits of increased competition and innovation." Talmor added, "NetNation will continue to work closely with NSI through this important transition period and beyond."
About NetNation Communications, Inc.
NetNation Communications Inc. (http://www.netnation.com) is a Vancouver based E-Commerce and Web hosting solutions provider that ranks top 10 in the world by leading Web site evaluators, HostIndex (http://www.hostindex.com) and TopHosts (http://www.tophosts.com). NetNation offers services that make it easy for merchants to setup online stores and sell their products. Services include domain name registration, hosting, and payment processing. NetNation has grown rapidly, having registered more than 18,000 domain names for customers in 90 countries.
SOURCE NetNation Communications Inc.
05/26/99
CONTACT: John Gomez, Investor Relations of NetNation Communications,
604-688-8946, ext. 133, or gomez@netnation.com/ |
