VeriSign Announces the Filing with the Securities
and Exchange Commission of a Registration Statement to Register its
Previously Issued 3.25% Junior Subordinated Convertible Debentures due
2037
MOUNTAIN VIEW, CA, March 3, 2008 (MARKET WIRE via COMTEX News Network)
-- VeriSign, Inc. (NASDAQ: VRSN) today announced that it has
filed with the Securities and Exchange Commission a pre-effective amendment
to the Registration Statement on Form S-1 (the “Registration Statement”)
for the registration under the Securities Act of 1933, as amended, of
resales of the Company’s previously issued 3.25% Junior Subordinated
Convertible Debentures due 2037 (the “Notes”). The Registration
Statement will also register resales of the common shares, par value
$0.001 per share, of the Company issuable upon conversion of the Notes
(the “Conversion Shares” and, together with the Notes, the “Registrable
Securities”). The Notes were originally issued on August 20, 2007
at the same time a registration rights agreement (the “Registration
Rights Agreement”) was entered into between the Company and the initial
purchaser of the Notes.
In accordance with the Registration Rights Agreement,
beneficial holders of the Registrable Securities that wish to use the
Registration Statement in connection with a resale of their Registrable
Securities must complete the Selling Securityholder Notice and Questionnaire,
copies of which can be obtained by contacting the below person at the
Company.
Donald T. Rozak, Jr., Certified Paralegal
VeriSign, Inc.
487 East Middlefield Road
Mountain View, CA 94043-4047
Tel: 650-426-3274
Fax: 650-425-5113
Email: drozak@verisign.com
About VeriSign
VeriSign, Inc. (NASDAQ: VRSN), operates internet infrastructure services
that enable and protect billions of interactions every day across the
world’s voice, video and data networks. Additional news and information
about the company is available at www.verisign.com.
Trademarks
VeriSign and other trademarks, service marks, and logos are registered
or unregistered marks of VeriSign, Inc. and its subsidiaries in the
United States and in foreign countries. Copyright © 2008 VeriSign, Inc.
All rights reserved.
Contacts
VeriSign Media Relations: Lisa Malloy, emalloy@verisign.com,
202-270-7600
VeriSign Investor Relations: Ken Bond, kbond@verisign.com,
650-426-3744
VRSNF
Business Risks
Statements in this announcement other than historical data and information
constitute forward-looking statements within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. These statements involve risks and uncertainties
that could cause VeriSign's actual results to differ materially from
those stated or implied by such forward-looking statements. The potential
risks and uncertainties include, among others, the risk that the registration
statement may not be declared effective by the Securities and Exchange
Commission, the uncertainty of future revenue and profitability and
potential fluctuations in quarterly operating results due to such factors
as increasing competition and pricing pressure from competing services
offered at prices below our prices and market acceptance of our existing
services; the inability of VeriSign to successfully develop and market
new services; and the uncertainty of whether new services as provided
by VeriSign will achieve market acceptance or result in any revenues.
More information about potential factors that could affect the Company's
business and financial results is included in VeriSign's filings with
the Securities and Exchange Commission,
including the Company's Annual Report on Form 10-K for the year ended
December 31, 2007, Quarterly Reports on Form 10-Q and Current Reports
on Form 8-K. VeriSign undertakes no obligation to update any of the
forward-looking statements after the date of this press release.