Verisign Announces Participation in ICANN's New gTLD Program
RESTON, VA -- (Marketwire) -- 06/13/12 -- VeriSign, Inc. (VRSN), the trusted provider of Internet infrastructure services for the networked world, today announced that the Company applied for nine Internationalized Domain Name (IDN) transliterations of .com and three IDN transliterations of .net. These applications represent 12 of the 14 new generic Top Level Domain (gTLD) applications that Verisign submitted through the Internet Corporation for Assigned Names and Numbers (ICANN) new gTLD program.
"Verisign welcomes the opportunity to participate in the global market growth for domain names and registry services that ICANN's new gTLD program will bring. We believe our experience will serve businesses and consumers who demand greater performance and reliability from Internet infrastructure," said Jim Bidzos, chairman and chief executive officer of Verisign.
Verisign applied for IDN transliterations of .com in the following nine non-Latin based scripts: Arabic, Cyrillic, Devanagari (Indian), Hangul (Korean), Hebrew, Hiragana and Katakana (Japanese), Simplified Chinese, Thai and Traditional Chinese. Verisign also applied for IDN transliterations of .net in Devanagari, Hangul and Simplified Chinese scripts.
"Internationalized Domain Names will make the Internet more personal to end users around the world by allowing them to identify themselves using their native language scripts," said Pat Kane, senior vice president and general manager of Naming Services at Verisign. "These non-Latin-based transliterations of .com and .net should provide new opportunities and more choices for global Internet users."
In addition to the 12 IDN transliterations of .com and .net, Verisign applied for .verisign and .comsec.
Finally, as previously announced, applicants for approximately 220 new gTLDs selected Verisign to provide back-end registry services.
VeriSign, Inc. is the trusted provider of Internet infrastructure services for the networked world. Billions of times each day, Verisign helps companies and consumers all over the world connect between the dots. Additional news and information about the company is available at www.VerisignInc.com.
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 as amended and Section 21E of the Securities Exchange Act of 1934 as amended. 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 uncertainty of future revenue and profitability and potential fluctuations in quarterly operating results due to such factors as increasing competition, pricing pressure from competing services offered at prices below our prices and changes in marketing practices including those of third-party registrars, or litigation generally; challenging global economic conditions; challenges to ongoing privatization of Internet administration; the outcome of legal or other challenges resulting from our activities or the activities of registrars or registrants; new or existing governmental laws and regulations; changes in customer behavior, Internet platforms and web-browsing patterns; the uncertainty of whether Verisign will successfully develop and market new services; the uncertainty of whether our new services will achieve market acceptance or result in any revenues; system interruptions; security breaches; attacks on the Internet by hackers, viruses, or intentional acts of vandalism; the uncertainty of the expense and duration of transition services and requests for indemnification relating to completed divestitures; the uncertainty of whether Project Apollo will achieve its stated objectives; the impact of the introduction of new gTLDs and whether our gTLD applications or the applicants' gTLD applications for which we have contracted to provide back-end registry services will be successful; and the uncertainty of whether the .com Registry Agreement renewal will occur on or before November 30, 2012, if at all. 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, 2011, 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 announcement.
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