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To: allen menglin chen who wrote (466)	5/1/2001 5:33:44 PM
From: Michail Shadkin	Read Replies (1) \| Respond to of 468

Register.com Reports Cash EPS of $0.13 for First Quarter 2001 on Revenue Growth of 148% NEW YORK, May 1, 2001 (BUSINESS WIRE) -- Register.com, Inc. (Nasdaq: RCOM chart, msgs), a leading Internet domain name registrar, today reported that net income for the first quarter 2001 totaled approximately $2.0 million or $0.04 per share, versus a net loss of $991,000 or ($0.04) per share in the first quarter of 2000. First quarter 2001 cash earnings, or net income excluding amortization of goodwill related to acquisitions, totaled $5.8 million or $0.13 per share. Net revenues for the period were $30.7 million, compared to net revenues of $12.4 million for the comparable year-ago period, an increase of 148%. Register.com finished the first quarter 2001 with over $178 million in cash and cash equivalents, short-term investments and available-for-sale securities on its balance sheet. The Company has no debt. Cash flow from operations for the three months ended March 31, 2001 was $4.7 million. First quarter gross margins remained constant at approximately 72%. "We are pleased to report our second consecutive profitable quarter and our 13th consecutive quarter of revenue growth," said Richard D. Forman, President and Chief Executive Officer of Register.com. "Profitability remains a key focus, as well as continuing to attract high quality registrants through our value-added offerings. Our results show that we are trending positively in both directions. We are excited about the anticipated introduction of new top level domains in the second half of the year and look forward to our added role as a participant in the .pro and .info registries." The Company registered, transferred and renewed approximately 565,000 domain names in the first quarter of 2001. Approximately 95% of the first quarter registration units were registered through traditional Register.com channels, up from 68% in the prior quarter, indicating the increased quality of the Company's registrations. The balance of the quarter's registrations was registered via the company's NameBargain brand. The registrations for the quarter were comprised of approximately 377,000 new registrations and 188,000 renewals. As of March 31, 2001, Register.com had approximately 3.6 million domain names under management, up from approximately 3.4 million in at the end of 2000. Of the total registration sales for the first quarter 2001, 83% were purchased through www.register.com, 7% via Corporate Services, 9% through the Company's Global Partner Network and 1% via NameBargain. Register.com announced the following significant developments in the first quarter: -- In March, Register.com introduced a service to help customers request .pro, .info, .biz and .name domains prior to their anticipated launch, directly from the Register.com home page, as well as through the Register.com Global Partner Network. -- Register.com enhanced its customer service capabilities with the opening of a new Canadian customer support center, which is also expected to yield considerable cost savings and efficiencies to the Company. -- In an alliance with a leading .ca registrar, Register.com became the first non-Canadian company to offer real-time domain registrations with the restricted .ca extension. -- Register.com recently became the first U.S. registrar to offer real-time German country code .de domain registrations in the world's most popular country code domain. -- Register.com launched multilingual domain registration services enabling real-time registrations in all the character sets supported by the registry, including, European, Middle Eastern, Indian and specialized Asian languages. -- Rene Mathis was named Chief Financial Officer, responsible for the Company's financial operations. Mr. Mathis brings over 20 years of senior financial experience. Conference Call Information: Register.com will host a conference call at 5:30 p.m. (EDT) this evening to review the first quarter earnings announcement. A live broadcast will be available at investor.register.com and www.streetevents.com. A replay of the call will also be available on the sites and can be accessed two hours after the call's start time.