NSOL teams with HP
Network Solutions Teams With HP to Promote Complete Internet Solutions for Small Business
HERNDON, Va.--(BUSINESS WIRE)--July 12, 1999--Network Solutions, Inc. (NASDAQ: NSOL - news) today announced a strategic agreement with Hewlett-Packard Company, stemming from their common interest in offering complete Internet solutions for small businesses.
As part of the agreement, both companies will provide reciprocal links to each other's Internet services. HP will include Network Solutions on its HP Covision Internet solutions program Web site, while Network Solutions will promote Covision in its similarly organized dot com toolkit(TM) at networksolutions.com. HP's Covision program integrates leading Internet-based partners to empower small businesses with the tools necessary to succeed online. Likewise, the dot com toolkit is a small business resource center that provides access to tools and services to set up a Web site and conduct business online.
''Network Solutions and HP understand the power of today's Internet technologies, and are living it, day in, day out.'' said Doug Wolford, Network Solutions' senior vice president, marketing and sales. ''Through our agreement, we are working with Hewlett-Packard to provide our customers with an enhanced range of leading edge Internet solutions.''
Specifically, HP will place Network Solutions in its Covision Web site, located at hpcovision.com, as a reference for a primary step in establishing an online business. In turn, Network Solutions will provide a hyperlink to the HP Covision Web site in its dot com toolkit, available at networksolutions.com. The dot com toolkit is designed to empower the growing number of small businesses who realize the necessity of establishing a strong online identity.
As small businesses strive to increase their visibility and to reach more customers, creating an online presence is becoming a key factor. According to the Cyber Dialogue's 1999 U.S. Small Business Internet Survey, three million small businesses are online as of the end of the first quarter 1999, representing a 17 percent annual growth rate. The survey also found that small businesses that already are online have stepped up their reliance on the Internet, indicating a strong interest in utilizing the power of the Internet to enhance their businesses.
''We are excited to work with Network Solutions to promote Internet solutions and services to small businesses,'' said Greg Mihran, head of Internet solution development for HP's Business PC Organization. ''The links between our Web sites will help customers quickly and easily find the tools that will help them achieve their Internet goals.''
About Network Solutions
Founded in 1979, Network Solutions, Inc. (NASDAQ: NSOL - news) 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 networksolutions.com Web site.
Network Solutions is the world's leading registrar, with more than 5 million registrations. Network Solutions registers the majority of Web addresses worldwide through various channels including more than 80 domestic and 120 international companies in its Premier program. Network Solutions has created value-added small business solutions through agreements with leading companies such as American Express (NYSE: AXP - news) and Microsoft (NASDAQ: MSFT - news). Through its Alliance Program, Network Solutions works closely with EarthLink (NASDAQ: ELNK - news), MindSpring Enterprises, Inc. (NASDAQ: MSPG - news), Interliant, Inc. (formerly Sage Networks, Inc.), ValueWeb (NASDAQ: ESPI - news) and Interland, Inc. Network Solutions also has entered into marketing agreements with companies including Yahoo! Inc. (NASDAQ: YHOO - news) and Netscape Communications Corporation. For Network Solutions, Media: Cheryl Regan, cregan@netsol.com, (703) 742-4847. 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 domain name registration business, 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 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, 1998 and Quarterly Report on Form 10-Q for the period ended March 31, 1999.
--------------------------------------------------------------------------------
Contact:
Network Solutions, Herndon
Media: Cheryl Regan, 703/742-4847
cregan@netsol.com
Investor Relations: Sean McClorey, 703/326-6090
smcclorey@netsol.com |
