Mountain View, CA - July 18, 2001 - VeriSign, Inc., the world's
leading provider of domain name registration services, announced today
that it has begun offering SnapNames.com, Inc.'s SnapBack™ service which
will monitor any of the 10 million existing domain name registrations
estimated to become available in the next year. Because many registered
domain names are inactive, nearly one million become available for registration
each month. SnapNames' SnapBack monitors the domain names that customers
want and attempts to register them once they become available.
VeriSign provides a link to SnapNames that appears
every time a user searches for a domain name that is already registered.
VeriSign shortly will be offering the SnapBack services to its broad
global network of reseller partners as well. SnapBack subscriptions
sell for $49 per domain name and include the cost of registration should
the target name be registered on behalf of the subscriber.
"Through this service VeriSign now offers would-be
registrants a second chance at registering a domain name they may have
missed out on before," said Doug Wolford, senior vice president
and general manager of Web Presence Services. "Dot-com domain names
are still the premier address on the Internet, and now many are coming
available again. With SnapNames, we're giving our customers the opportunity
to get in line for these popular domain names."
SnapNames has also developed a strong reputation
among law firms and large corporations as a resource for recovering
names previously held by cyber squatters. Marketing executives and small
business entrepreneurs also make use of the SnapBack service to capture
potential new brand names from those domain name registrations let go
by their original registrants.
"We're thrilled to have developed this partnership
with VeriSign not only because of their market strength and high quality
customer base, but because of their forward-looking approach to the
domain industry," says Ron Wiener, chairman and CEO of SnapNames,
"As the domain name market shifts from the paradigm of the initial
.com land rush to include a strong re-sale market, offering secondary
market tools such as our SnapBack service is the best way to improve
the registration process and ensure continued and healthy growth."
For more information contact the VeriSign/SnapNames
customer service department at 800-285-4075 (503-219-9990 outside the
U.S.) or send e-mail to nsisupport@snapnames.com.
About SnapNames
SnapNames is a venture-backed, independent infrastructure provider
for the domain name industry, connecting Registrar and Registry systems
to create the world's largest on-line market for secondary domain names.
Its exclusive patent-pending SnapBack service monitors a domain name
registration that may expire in the future, putting customers in a strong
position to register that name as soon as it becomes available. For
information go to www.snapnames.com, send e-mail to info@snapnames.com,
or call 503-219-9990. SnapNames.com, Inc. is located at 115 NW First
Avenue, 3rd Floor, Portland, OR 97209.
About VeriSign
VeriSign, Inc. ( NASDAQ:VRSN) is the leading provider of trusted infrastructure
services to Web sites, enterprises, electronic commerce service providers
and individuals. The company's domain name, digital certificate and
payment services provide the critical Web identity, authentication and
transaction infrastructure that online businesses require to conduct
secure e-commerce and communications. VeriSign's services are available
through its Web sites (www.verisign.com
and www.networksolutions.com)
or through its direct sales force and reseller partners around the world.
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,
VeriSign's limited operating history under its current business structure,
uncertainty of future revenue and profitability and potential fluctuations
in quarterly operating results, increased competition, risks associated
with the company's international business and risks related to potential
security breaches. 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, especially in the
company's Annual Report on Form 10-K for the year ended December 31,
2000 and Quarterly Report on Form 10-Q for the quarter ended March 31,
2001. VeriSign undertakes no obligation to update any of the forward-looking
statements after the date of this press release.
VeriSign is a registered trademark of VeriSign,
Inc. Other names may be trademarks of their respective owners.
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