.KIDS Domains Inc. Announces Agreement to Act as ``Official Registry'' of .KIDS Top Level Domain for New.net; .KIDS TLD to be a Safe Haven for Children on the Internet.Business Editors/High-Tech Writers ENCINITAS, Calif.--(BUSINESS WIRE)--March 6, 2001 .KIDS Domains Inc. a portfolio company of KwikWeb.com Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :KWEB), today announced that the company has reached an agreement in principle with New.net to be the official registry of .kids domain names. Those applying for .kids domain names will be required to publish content that is "kid-friendly" and is in compliance with the Children's Online Privacy Protection Act Not to be confused with the Child Online Protection Act. The Children's Online Privacy Protection Act of 1998[1] (COPPA)[2] is a United States federal law, located at Title 15, Section 6501, et seq., of the United States Code. (COPPA COPPA Children's Online Privacy Protection Act of 1998 (FTC) ) as well as .KIDS Domains' guidelines. .KIDS Domains will be screening all requests for .kids domain names for appropriateness and will be implementing a process to evaluate sites' compliance with guidelines for kid-friendly content. "We are thrilled to partner with New.net and look forward to winning the confidence of parents by providing a 'green-space' on the Internet," .KIDS President Tim Yrastorza said. New.net has launched 20 new Top Level Domains, including .kids. Through strategic relationships with leading Internet Service Providers Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. (ISPs), including EarthLink, Excite@Home, and NetZero, over 16 million users will have access to the New.net domains beginning this week. Other Web users can activate their Internet browsers to recognize the new domain names in a few seconds by visiting www.new.net. The new domain names can be registered at www.new.net as well. In a separate announcement KwikWeb.com, currently a 20% stake-holder in .KIDS Domains Inc, said that it has reached an agreement to purchase the remainder of .KIDS Domains Inc. About .KIDS Domains Inc. Based in Encinitas, .KIDS Domains Inc., is a California Corporation intent on providing a powerful, relevant, engaging and child-appropriate experience for children on the Internet. For more information, please visit our Web site at www.KIDStld.com About New.net New.net (http://www.new.net) is building the Internet's leading market-driven domain name registry A domain name registry, also called Network Information Centre (NIC), is part of the Domain Name System (DNS) of the Internet which converts domain names to IP addresses. business by selling domain names with logical, easy-to-remember top-level domain extensions that make the Internet easier to navigate. Based in Pasadena, Calif., the company was started in May 2000 by idealab!, a leading Internet incubator. Since that time, New.net has developed propriety technology that allows its domain-naming system to exist alongside the traditional naming systems currently in use on the Internet. About KwikWeb.com Inc. KwikWeb.com Inc., a development stage company, is the parent company of Internet Properties Development Corp., Wireless Properties Development Corp. and 20% stakeholder in KwikCommerce Inc. Internet Properties Development Corp. was organized in June as a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of KwikWeb.com Inc. Internet Properties Development Corp. seeks to develop, acquire and fund Internet companies that own technologies used in the Internet and companies who can benefit from the dramatic cost savings and market awareness that the World Wide Web offers. IPDC (Internet Protocol Device Control) A protocol for controlling media gateways developed by the Technical Advisory Committee, which was convened by Level 3 and others. owns stakes in .KIDS Domains Inc., Minority Business Alliance LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , and JoeDomains.com. IPDC also owns and operates several Internet sites including GasPrices.com and Incubate incubate /in·cu·bate/ (in´ku-bat) 1. to subject to or to undergo incubation. 2. material that has undergone incubation. in·cu·bate v. 1. .net. This release contains forward-looking statements, which are made pursuant to the safe-harbor provisions of the private securities litigation reform act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Expressions of future goals and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including (i) all of the risks and uncertainties associated with a start-up business; (ii) the company's present lack of capital and its ability to obtain capital as needed as needed prn. See prn order. ; (iii) intense competition for Internet products and services; (iv) the timely development and market acceptance of the company's products and technologies; and (v) the successful integration of acquisitions and lines of business. The actual results that the company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. The company undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release. |
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