Register.com Announces Signing of RegistryPro's Contract with ICANN; .pro Becomes the First Secure Internet Address Exclusively For Professionals.Business & Technology Editors NEW YORK--(BUSINESS WIRE)--May 8, 2002 Register.com, Inc. (Nasdaq: RCOM RCOM En Route Communications RCOM Recovery Communication ): Domain names with the new .pro extension will require verification and provide enhanced security for online communications and transactions between professionals and their clients Register.com, Inc. (Nasdaq: RCOM), a leading provider of global domain name registration and Internet services, today announced that RegistryPro (www.registrypro.com) has signed its contract with the Internet Corporation for Assigned Names and Numbers See ICANN. (body, networking) Internet Corporation for Assigned Names and Numbers - (ICANN) The non-profit corporation that was formed to assume responsibility for IP address allocation, protocol parameter assignment, domain name system management, and root server system (ICANN (Internet Corporation for Assigned Names and Numbers, www.icann.org) A non-profit, international association founded in 1998 and incorporated in the U.S. It is the successor to IANA (Internet Assigned Numbers Authority), which manages Internet addresses, domain names and the huge number ), under which it will operate the registry for the new top level domain (TLD (Top Level Domain) The highest level domain category in the Internet domain naming system. There are two types: the generic top level domains (gTLDs) such as .com, .org, and .net, and the country codes, such as .ca, .uk and .jp. See gTLD and Internet domain name. ) .pro. The .pro extension will be the first professionally restricted TLD on the Internet and is expected to launch at the end of 2002 or early next year. RegistryPro is owned by Register.com. The .pro TLD is the most recent of the seven selected by ICANN to be added to the existing Domain Name System (DNS (Domain Name System) A system for converting host names and domain names into IP addresses on the Internet or on local networks that use the TCP/IP protocol. For example, when a Web site address is given to the DNS either by typing a URL in a browser or behind the ), following the .biz, .info and .name registries which were introduced last year. The DNS includes generic domain extensions such as .com, .net and .org, as well as country code extensions such as .us (United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. ), .de (Germany) and .uk (United Kingdom). The .pro TLD will be unlike any other domain name extension to date. To facilitate the highest levels of privacy in communications, RegistryPro will be the first registry to require enhanced security with every .pro domain name. Registrants will be required to certify their professional credentials and each will be issued a digital certificate. A digital certificate is a means of verifying an identity in an electronic exchange that can enable other security measures Noun 1. security measures - measures taken as a precaution against theft or espionage or sabotage etc.; "military security has been stepped up since the recent uprising" security such as encryption and digital signature services The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. . For the first time, professionals will be able to differentiate themselves on the Internet by using a .pro extension. Internet users will be able to identify names that have been registered by credentialed professionals simply by checking for .pro extensions in an email or web address. "With the continued evolution of the DNS, we believe there will be great value to having a .pro name because of its unique association with professionals and security features," said Richard Forman, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Register.com. "The .pro extension will benefit professionals by providing them an easy way to securely conduct business online. Using a .pro name helps professionals address the concerns about privacy and security raised by legislation such as the Health Insurance and Portability Accountability Act There are a number of piece of legislation known as the Accountability Act:
"The bundling of a domain name with a digital security product is a tremendous development in Internet security ''This article or section is being rewritten at Internet security is the process of protecting data and privacy of devices connected to internet from information robbery, hacking, malware infection and unwanted software. ," said Stephen Wu, Co-Chair of the Information Security Committee of the American Bar Association American Bar Association (ABA), voluntary organization of lawyers admitted to the bar of any state. Founded (1878) largely through the efforts of the Connecticut Bar Association, it is devoted to improving the administration of justice, seeking uniformity of law and CEO of the InfoSec Law Group based in the Silicon Valley. "Legislation recognizing the validity of digital and other electronic signatures has been passed by nearly every state, on a national level, and by many countries," said Wu, who also co-authored the recently-released book, entitled, Digital Signatures. "The .pro system will provide a means for professionals to conduct electronic transactions and communications that satisfy electronic signature laws and provide assurances of identity and confidentiality." The benefits of the .pro name will facilitate many professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. such as: filing online court documents, filing taxes, securing medical insurance claims as required under HIPAA, electronic signatures under E-Sign legislation and compliance with confidentiality obligations when communicating electronically (e.g. attorney-client, doctor-patient and fiduciary). The .pro TLD will provide an easily identifiable domain extension that can be utilized by professionals, firms and corporations through a scalable, second-level domain In the Domain Name System (DNS) hierarchy, a second-level domain (SLD) is a domain that is directly below a top-level domain (TLD). For example, in wikipedia.org, wikipedia is the second-level domain of the .org TLD. system. For example, a licensed medical doctor will be eligible to register JamesClarke.med.pro, to let users on the Internet know that he is a doctor credentialed in his field. To broaden its reach among the professional community, RegistryPro plans to expand the .pro registry to include additional professions in the future, including engineers and architects. RegistryPro has contracted with Register.com's Registry Advantage(TM), to handle all the back end technology for the .pro TLD. Registry Advantage's state-of-the-art registry systems, will provide increased reliability, enhanced capability, and more effective mechanisms to deal with high volume traffic. These systems will offer users near real time resolution for .pro names, which allow new registrations and changes to DNS information to become live within minutes. For additional information about how to register a .pro domain name, please visit www.register.com. About Register.com Register.com, Inc. (www.register.com) is a leading provider of global domain name registration and Internet services for businesses and consumers that wish to have a unique address and branded identity on the Internet. Having registered over three million domain names since going live in 1999, Register.com has built a brand based on quality domain name management services for small and medium sized businesses, large corporations, as well as ISPs, telcos and other online businesses. Statements in this announcement, other than historical data and information, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. These potential risks and uncertainties include, among others, many operational challenges that must be addressed prior to the launch of the .pro top level domain. These include, among others, finalizing the integration of the professional authentication (1) Verifying the integrity of a transmitted message. See message integrity, e-mail authentication and MAC. (2) Verifying the identity of a user logging into a network. and verification service and the digital certificate offering into the .pro domain name registration process and the overall technological integration and function of the .pro top level domain product. We cannot accurately predict the demand for the .pro top level domain product that RegistryPro intends to offer, nor can we know when or the extent to which such demand will be sufficient to generate sufficient revenues for RegistryPro so that it can meet its ongoing capital needs. In addition, we cannot predict when, if ever, RegistryPro will become profitable. For these and other reasons, there can be no assurance that RegistryPro will launch the .pro top level domain in its currently expected time frame or at all. Further information about these and other factors can be found in our more recent filings with the SEC, including the risk factor section in our annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ending December 31, 2001 currently on file. Register.com undertakes no obligation to update any of the forward-looking statements after the date of this press release. |
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