<NEWS> here's the newest one.
Topic: (NASDAQ:NSOL) , (NYSE:AXP) Amer Express, (NASDAQ:ELNK) , (NASDAQ:MSPG)
Mindspring Enterprises, (NASDAQ:ESPI) ,
Quote.com News Item #9834281
Headline: Network Solutions Leads Global Internet Identity Business
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HERNDON, Va.--(BUSINESS WIRE)--April 21, 1999--
Pioneer of domain name registration system welcomes five
new testbed registrars
Network Solutions, Inc. (NASDAQ:NSOL) the pioneer of domain name
registration services, today welcomed the five testbed registrars who
represent a new level of customers to the Company.
Network Solutions continues to provide registration services in
.com, .net and .org for $70 for two years and to bundle value-added
services to help businesses and individuals establish and build an
Internet identity. The new testbed registrars are America Online, CORE
(Internet Council of Registrars), France Telecom/Oleane, Melbourne IT
and register.com. Network Solutions believes competition in the
marketplace will ultimately expand innovations around the domain name
space and thus enlarge the overall market.
"We believe the potential market to be more than 100 million
domain names," said Bob Korzeniewski, chief financial officer and
acting chief operating officer. "There is room for many successful
players and we will continue to be a leader in this space. With our
four million registrations, we have just started to tap the market's
potential."
During the 60-day shared registration testbed period, five
initial registrars will be able to register the popular .com, .net and
.org domain names and work with Network Solutions' technical personnel
to fully test the functioning of Network Solutions' newly-built Shared
Registry System. Network Solutions will charge the new registrars $18
per Web address for each initial two-year period and $9 for one-year
renewals during this 60-day period.
"Our ongoing dialogue with the U.S. Department of Commerce has
been open and constructive," said Michael A. Daniels, Network
Solutions' chairman and acting chief executive officer. "We have
agreed to this interim price in order to move the competitive process
forward. During the testbed period, we will continue to work with the
U.S. Department of Commerce to examine all other areas of mutual
concern, including final business terms such as future pricing, as we
continue to ensure the reliability and stability of the domain name
system."
Network Solutions continues to expand its service offerings
around Internet identities, providing a suite of dot com products
geared for small businesses. In the first quarter, the Company
announced the industry leaders building the company's dot com
directory,(TM) an Internet "find engine" for businesses. The company
also introduced the dot com biz card,(TM) a virtual business card for
Network Solutions' customers, and dot com forwarding,(TM) to help
businesses manage their multiple Web addresses to target various
customers. Network Solutions also offers the dot com mail (TM)
personal, portable e-mail service.
Network Solutions continues to expand its worldwide distribution
channel programs with Internet Service Providers, Web hosting and
other companies: adding 18 U.S. companies to its national Premier
Program for a total of 175 participating companies; entering into
agreements with nearly 100 international Premier Program member
companies represented by 25 countries; signing nearly 8,000 members to
its Affiliate Program; and signing key marketing agreements with
Yahoo!, Netscape, American Express, Looksmart(sm) and other leading
companies.
Network Solutions expects to have an introductory welcome meeting
with the five newly named registrars on Friday, April 23. In the
testbed period, all parties will work cooperatively to implement the
new Shared Registry System prior to full operational deployment. This
phase will be used to validate correct functioning of the system under
real world stress conditions with registrations originating from
multiple registrars. About Network Solutions Founded in 1979, Network
Solutions, Inc. (NASDAQ:NSOL) 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
networksolutions.com Web site.
Network Solutions registers the majority of Web addresses through
agreements with Internet companies around the globe, including more
than 75 domestic and almost 100 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). Through its Alliance Program, Network Solutions
works closely with EarthLink 1/4 (NASDAQ:ELNK), MindSpring Enterprises,
Inc. (NASDAQ:MSPG), Interliant, Inc. (formerly Sage Networks, Inc.)
and ValueWeb (NASDAQ:ESPI). Network Solutions has also entered into
marketing agreements with companies including Yahoo! Inc. (NASDAQ:YHOO) 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 Reports on Form 10-Q for the periods ended March
31, 1998, June 30, 1998 and September 30, 1998.
CONTACT: Network Solutions, Herndon
Media: Cheryl Regan, 703/742-4847
cregan@netsol.com
Investor Relations: Sean McClorey, 703/326-6090
smcclorey@netsol.com
KEYWORD: VIRGINIA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED
INTERACTIVE/MULTIMEDIA/INTERNET
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