Network Solutions Signs Strategic Bilateral Agreement With China's Internet Registry.HERNDON, Va.--(BUSINESS WIRE)--Aug. 5, 1998--The rapid emergence of the Internet in China is fueling demand for Web addresses as more and more users seek to establish their Internet identity. 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 the signing of a bilateral agreement with China's Computer Network Information Center (CNIC CNIC Citizens' Nuclear Information Center CNIC Computerized National Identity Card (Pakistan) CNIC Computational Neurobiology and Imaging Center (New York) CNIC Commander, Naval Installation Command ), the central 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. for the .cn country code top-level domain A country code top-level domain (ccTLD) is an Internet top-level domain generally used or reserved for a country or a dependent territory. ccTLD identifiers are two letters long, and all two-letter top-level domains are ccTLDs. (ccTLD). Network Solutions and CNIC will jointly promote Internet address registration in the .com, .net, .org and .cn domains for companies and individuals doing business in China. "Growth of the Internet market in China has certainly exceeded our expectations," said Gabe Battista, chief executive officer of Network Solutions. "We are excited to be working with the country registry with the largest population in the world. This agreement will make it easier and faster for Chinese companies and individuals to register in .com, .net and .org, and for eligible companies worldwide to register in China's .cn domain through Network Solutions' idNames ccTLD registration services." According to recent studies on Chinese Internet development by the China Internet Network Information Center China Internet Network Information Center (Simplified Chinese:中国互联网络信息中心), or CNNIC in short, founded as a non-profit organization on June 3, 1997, is the administrative agency responsible for Internet (CNNIC CNNIC China Internet Network Information Center CNNIC China Network Information Center ), nearly 1.18 million Chinese have some form of Internet access. At least four major gateways connect China's main internal network to the outside world, and cybercafes are appearing in Shanghai and Beijing. CNNIC estimates the Internet user base in China will grow at least 100% every year through the year 2000. The agreement will help to further cultivate demand for Web addresses, providing benefits for the customers of both registries. With 24-hour operational support, Network Solutions will be able to provide Chinese Internet users with swift and responsive service for domain name registration in the .com, .net and .org global top-level domains (gTLDs). CNIC has agreed to facilitate .cn registration for those registering through Network Solutions' idNames service, shortening the registration process in .cn from two weeks to three days. Yan Baoping, director of CNIC, said, "The agreement with Network Solutions will establish a paradigm for communication and cooperation between our respective registries on various fronts, including customer service and technology." "In tandem with the developing Internet, domain names are playing an increasingly important role in daily life," said Mao Wei, director of China Internet Network Information Center (CNNIC), the domain registration arm of CNIC. "Collaboration between CNIC and NSI See Network Solutions. NSI - Network Solutions, Inc. will help to popularize pop·u·lar·ize tr.v. pop·u·lar·ized, pop·u·lar·iz·ing, pop·u·lar·iz·es 1. To make popular: A famous dancer popularized the new hairstyle. 2. the .cn and .com domain names in both the U.S. and China, enabling more Internet users to make their own homes on the World Wide Web." "Chinese companies are keenly aware of the power of an Internet presence for reaching potential customers and the global recognition that .com delivers," said Gary Hayward, Network Solutions' vice president, international marketing. "This is possibly the most significant bilateral Internet agreement to be signed between two registries." The Computer Network Information Center, a subsidiary institute of the Chinese Academy of Sciences The Chinese Academy of Sciences (CAS) (Simplified Chinese: 中国科学院; Pinyin: Zhōngguó Kēxuéyuàn), formerly known as Academia Sinica , was founded in May 1990. Under CNIC's administration, CSTNet (China Science and Technology Network) first connected with the Internet in 1994. In June 1997, the Chinese government authorized CNIC to establish and operate CNNIC which offers .cn domain name registration, as well as IP address allocation IP address allocation is the process of distributing IP addresses to organizations world-wide. It is managed by IANA and several Regional Internet Registries (RIRs). See also
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 http://www.netsol.com Web site. CONTACT: Network Solutions Media: Nancy (Ward) Huddleston, 703/742-4852 nancyh@netsol.com Investor Relations Investor relations The process by which the corporation communicates with its investors. : Bob Korzeniewski, 703/742-4741 bobk@netsol.com or CNIC Mao Wei, 86 10 6261 9750 mao@cnnic.net.cn Yan Baoping, 86 10 6254 2294 ybp@mimi.cnc.ac.cn |
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