Herndon, Va. -- December 15, 1998 -- Network Solutions, Inc. (NASDAQ: NSOL), the pioneer of registering Web addresses, today announced it signed an agreement with Yahoo! Inc. (NASDAQ: YHOO) to expand its promotions for domain name registration services globally through many of Yahoo!‚s world and domestic properties. Network Solutions will be a premier merchant on Yahoo! providing Web address registration services in .com, .net and .org.
As part of the agreement, Network Solutions is a major advertiser and will be promoted on the following sites: www.yahoo.com, Yahoo! UK & Ireland, Yahoo! France, Yahoo! Germany, Yahoo! Norway, Yahoo! Sweden, Yahoo! Italy, Yahoo! Denmark, Yahoo! Japan, Yahoo! Korea, Yahoo! Asia, Yahoo! Australia and NZ, Yahoo! Chinese and Yahoo! en español. "In 1998, we began a very positive relationship with Yahoo!, and we are taking a bold next step for 1999,‰ said Doug Wolford, Network Solutions' senior vice president, marketing and sales. „This agreement with Yahoo! will potentially help small businesses and individuals make a name for themselves with Network Solutions and continue to extend the Network Solutions brand to the entire Internet community.‰ "Our agreement with Network Solutions will provide our large audience with exposure to the small business tools that they need to launch their online presence," said Anil Singh, senior vice president of sales at Yahoo!. "Network Solutions‚ registration services offer a solution for businesses and individuals around the world that need a Web address. We‚re very pleased to be working with Network Solutions, the premier service provider in this arena.‰ Network Solutions offers Web address registration directly at www.networksolutions.com and through a network of more than 150 channel companies, including many of the world's leading Internet Service Providers and Web hosting companies. In November, Network Solutions reached its three millionth cumulative net registration in .com, .net, and .org. Network Solutions also provides domain name search and registration services in more than 200 country Top-Level Domains currently offering domain name registration. Network Solutions registered a record 507,000 net new Internet Web addresses in the third quarter of 1998, up 89 percent from the third quarter 1997. In the third quarter of 1998, the number of net new international registrations in .com, .net and .org totaled 138,000, up 78 percent from the third quarter 1997. Network Solutions‚ interactive agency of record, webnet-marketing, inc., one of the nation‚s largest independent interactive media placement and planning agencies, represented Network Solutions in the process that led to the new agreement. The agency was awarded Network Solutions online media account in 1998 following a competitive review.
About Network Solutions
Founded in 1979, Network Solutions, Inc. (Nasdaq:NSOL) is an Internet leader and pioneered the development of registering Web addresses ending in com, .net, .org and .edu. NSI also provides enterprise network services that focus on assisting large commercial organizations in the evolution and management of their enterprise networks. For more information, see the www.networksolutions.com Web site.
webnet-marketing is one of the largest independent global interactive media planning and placement agencies with managed online placements approaching $2 million monthly. Additional information on webnet-marketing, inc. is available on the World Wide Web at http://www.webnet marketing.com.
This announcement contains 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, the company‚s limited operating history in its subscription-based model, uncertainty of Internet governance and regulation, increased competition in the domain name registration business and customer acceptance of new products and services offered by the company in addition to or as enhancements of its registration services. 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 Annual Report on Form 10-K for the year ended December 31, 1997 and Quarterly Reports on Form 10-Q for the periods ended March 31, 1998, June 30, 1998 and September 30, 1998.