http://netsol.com/news/pr_19980930.html
Statement from Network Solutions, Inc. on Negotiations with U.S.Government
Washington, D.C., September 30, 1998 - Officials from the
Department of Commerce's National Telecommunications & Information
Administration (NTIA) and representatives from Network Solutions, Inc.
(NASDAQ: NSOL) meeting here have agreed to a one week extension of the
Cooperative Agreement between the US Government and Network Solutions
while the negotiations between the parties continue. Network Solutions has
worked with the US Government pursuant to a five year Cooperative
Agreement to develop and maintain some of the key administrative
functions of the Internet including the domain name registration system.
The Cooperative Agreement which began on January 1, 1993 with a three
month phase in period, provided for a five year period of operational
support (commencing April 1, 1993) and a six month flexibility period
which extended through September 30, 1998. The flexibility period will
now be extended until October 7, 1998 while Network Solutions and
the Department of Commerce address the particulars of how other registrars
will eventually be allowed to register names in Network Solutions'
.comregistry. Network Solutions has contracted with more than 2.3 million
registrants in .com, .net, .org and .edu. Representatives for
both NTIA and Network Solutions will continue in their
negotiations during this extension and remain confident regarding the
continued stability and security of the Internet.
Founded in 1979, Network Solutions, Inc. (NASDAQ: NSOL) pioneered
the development of registering Web addresses ending in .com, .net,
.org and .edu. Network Solutions also provides enterprise network
consulting services, focusing on network engineering, network security and
network management solutions for commercial customers. For more
information, see the www.networksolutions.com Web site.
Contacts: For Network Solutions: Media, Christopher Clough,
chrisc@netsol.com (703)742-4706. For NTIA: Karen Kirchgasser (202)
482-7002, kkirchgasser@ntia.doc.g
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