Department of Commerce Approves .Com Agreement
MOUNTAIN VIEW, CA, Nov 30, 2006 (MARKET WIRE via COMTEX News Network) -- VeriSign, Inc. (NASDAQ: VRSN), the leading provider of intelligent infrastructure for the networked world, today announced that it received notification from the Department of Commerce that it approved the .com agreement submitted by the Internet Corporation for Assigned Names and Numbers (ICANN).
Since 1999, VeriSign has operated the .com registry with 100 percent uptime even as Internet traffic has grown dramatically. Today, VeriSign's primary computers for .com can handle 10,000 times the DNS query volume they could in 2000.
"The registry operator framework ICANN has adopted and embodied in the .com agreement strengthens the security and stability of the Internet relied on by hundreds of millions of people around the globe," said Mark McLaughlin, Executive Vice President and General Manager, VeriSign Information Services. "This framework holds operators accountable for their performance, promotes the continued investment of tens of millions of dollars in the infrastructure and provides important safeguards for consumers."
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.
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 uncertainty of future revenue and profitability and potential fluctuations in quarterly operating results due to such factors as the risk that VeriSign's announced strategic relationships, including the relationship described herein, may not result in additional products, services, customers, profits or revenues; and increased competition and pricing pressures. 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, 2005 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.
VeriSign and other trademarks, service marks and logos are registered or unregistered marks of VeriSign, Inc. and its subsidiaries in the United States and in foreign countries. Copyright Copyright 2006 VeriSign, Inc. All rights reserved.
SOURCE: VeriSign, Inc.
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