First new gTLD in 15 years.

The Internet Corporation for Assigned Names and Numbers (ICANN)granted accreditation for biz, the first generic Top Level Domain (gTLD) dedicated exclusively to the business community worldwide. The agreement permits NeuLevel, Inc., the neutral, third-party provider of global registry services for biz, to enable its technology platform. The first step in the biz TLD launch process, the intellectual Property (IP) Claim Service, began May 21 and will end on July 9, 2001.

The introduction of biz is among the first new gTDs introduced by ICANN mince the creation of com, net and org 15 years ago. Since then, the Internet has grown exponentially, generating remarkable business opportunities for companion around the world. The new biz TLD finally provides an environment designed for businesses.

NeuLevel, in conjunction with ICANN, has developed a three-3tep process leading up to the launch of the active registry, currently Scheduled for October 2001 pending approval from the U.S. Department of Commerce.

Step 1: Intellectual Property Claim Service

This step helps companies protect their IP rights before applications are accepted for biz domain names. Through this process, businesses or individuals stake a claim to a trademark to which they have rights by filing an IP Claim with an ICANN-accredited registrar. This phase will begin May 21 and continue through July 9, 2001.

Step 2: Domain Name Application & Selection

This step lets businesses apply for desired biz domain names prior to the actual launch of the active registry. After the close of the application window, domain names will be awarded to selected registrants for use. When more than one application is made for the same biz domain name, the multiple applications will be completely randomised and one will be selected. This phase is currently scheduled to begin in early July and continue through Sept. 25,2001.

Step 3: The biz goes live. www.neustar.com