VeriSign Statement on ICANN Board Approval
of Settlement
Mountain View, CA, March 1, 2006 - VeriSign (NASDAQ: VRSN)
the leading provider of intelligent infrastructure services for Internet
and telecommunications networks, today announced it is pleased at the
ICANN Board’s approval and looks forward to working with the Department
of Commerce towards final approval of the new .com registry agreement.
The new .com registry agreement is straightforward
and closely follows the .net registry agreement, with similar provisions
on renewal and price controls, approved last year by the ICANN Board
and Department of Commerce.
VeriSign is committed to continuing to build and invest
in the Internet infrastructure so it meets the growing needs of Internet
users and operators. VeriSign hopes all members of the Internet community,
including registrars, will join in ensuring the DNS continues to run
reliably for the hundreds of millions of users who depend on it everyday.
About VeriSign
VeriSign, Inc. (Nasdaq: VRSN), operates intelligent infrastructure services
that enable and protect billions of interactions every day across the
world’s voice and data networks. Additional news and information about
the company is available at www.VeriSign.com.
For more information, contact:
VeriSign Media Relations: Tom Galvin, tom.galvin@463.com,
202-587-4781
VeriSign Investor Relations: Tom McCallum, tmccallum@verisign.com,
650-426-3744
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 settlement will not be finalized and that the agreements that
memorialize the settlement will not be approved in current form, the
uncertainty of future revenue and profitability and potential fluctuations
in quarterly operating results. 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
in the company's Annual Report on Form 10-K for the year ended December
31, 2004 and quarterly reports on Form 10-Q. VeriSign undertakes no
obligation to update any of the forward-looking statements after the
date of this press release.
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