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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Tim Luke who wrote (30186)	4/21/1999 12:22:00 PM
From: JakeStraw	Read Replies (1) \| Respond to of 90042

VRIO - Verio Selected as Official Internet Domain Name Registrar 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 - news), 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.