EC Closes Investigation of Network Solutions.Business Editors/High Tech Writers BRUSSELS, Belgium and HERNDON, Va.--(BUSINESS WIRE)--Jan. 31, 2000 Network Solutions, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : NSOL) today announced that the European Commission has informed the company that its investigation into Network Solutions' arrangements with European domain name registration service providers has been officially closed, without further inquiry or action. &uot;We are very pleased that the EC has concluded its investigation without further action,&uot; said Michael A. Daniels, Network Solutions' chairman. &uot;The European market is very important to Network Solutions and we look forward to continuing to serve our customers there.&uot; In August 1998, Network Solutions received notice from the EC of an investigation concerning Network Solutions' &uot;Premier Program&uot; in Europe. The International Premier Program is a channel distribution program for Network Solutions' domain name registration services in Europe and around the world. The EC sought documents and information about the program and Network Solutions complied with those requests. Again, in June 1999, Network Solutions received a second inquiry from the EC concerning Network Solutions agreements with newly-accredited registrars in the .com, .net, and .org domains and Network Solutions responded accordingly. Both inquiries have been closed, without any enforcement action. About Network Solutions Founded in 1979, Network Solutions, Inc. (NASDAQ: NSOL) pioneered the development of registering Web addresses ending in .com, .net, .org and .edu and is the world's leading Registrar with more than 8.1 million net registrations. Separately, Network Solutions plays a critical role in the infrastructure of the Internet through its Registry business. Network Solutions' Registry customers include all the Registrars of domain names ending in .com, .net and .org. Network Solutions also provides Internet Technology Services that assist large commercial organizations in the evolution and management of their Internet technologies. For more information, see the http://www.networksolutions.com Web site. Network Solutions registers the majority of Web addresses worldwide through various channels, including more than 240 companies in over 30 countries in its Premier program and over 35,000 companies in the Affiliate Program. Network Solutions has created value-added small business solutions through agreements with leading companies such as American Express (NYSE NYSE See: New York Stock Exchange : AXP The brand name Digital gave to its first family of Alpha-based computers. In 1998, Digital was acquired by Compaq. See Alpha. ), IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) (NYSE: IBM) and Microsoft (NASDAQ: MSFT MSFT Microsoft (stock symbol) MSFT Movimento Sociale Fiamma Tricolore (Italy) MSFT Multi-Stage Fitness Test MSFT Master of Science in Family Therapy MSFT Macalester Students for Fair Trade ). Through its Alliance Program, Network Solutions works closely with EarthLink (NASDAQ: ELNK ELNK EarthLink, Inc. (stock symbol) ELNK Ethernet Link ), MindSpring Enterprises, Inc. (NASDAQ: MSPG MSPG Mor Strioch Pian Gar (gaming) MSPG Middle School Parents Group MSPG Material/Military Support Planning Guidance ), Interliant, Inc. (NASDAQ: INIT), and Interland, Inc. Network Solutions also has entered into marketing agreements with companies like Yahoo! Inc. (NASDAQ: YHOO YHOO Yahoo! Inc. (NASDAQ symbol) ). For Network Solutions: Media, Brian O'Shaughnessy, brianos@netsol.com, +1-703/326-6076. Investor Relations Investor relations The process by which the corporation communicates with its investors. : Sean McClorey, smcclorey@netsol.com, +1-703/326-6090. |
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