Register.com Withdraws Secondary Stock Offering.Business Editors NEW YORK--(BUSINESS WIRE)--Aug. 9, 2000 Register.com, Inc. (Nasdaq: RCOM RCOM En Route Communications RCOM Recovery Communication ), a leading Internet domain name An organization's unique name on the Internet. The chosen name combined with a top level domain (TLD), such as .com or .org, also called a "domain extension," makes up the Internet domain name. For example, computerlanguage.com is the domain name for the publisher of this Encyclopedia. registrar, today announced it intends to withdraw its secondary stock offering of 4.0 million shares, citing unfavorable market conditions. "We believe that the current market is not properly valuing register.com," said Richard D. Forman, President and Chief Executive Officer of register.com. On July 27, register.com filed a registration statement for an offering of 4.0 million shares of common stock, of which 3.5 million were to be offered and sold by selling shareholders. The shares were to have been offered by an underwriting group managed by Deutsche Banc Alex. Brown, Thomas Weisel Partners Thomas Weisel Partners Group, Inc. (NASDAQ: TWPG), often shortened to just TWP or TWeisel, is a U.S. middle-market and growth focused investment banking firm based in San Francisco, California. LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , Banc of America Securities LLC and Legg Mason Founded in 1899, Legg Mason, Inc. (NYSE: LM) is a leading Global Asset Management Firm that serves the institutional, mutual fund and wealth management markets. The firm is headquartered in Baltimore, Maryland, and is located on Lombard and Charles Streets in the Legg Mason Wood Walker, Incorporated. About register.com Register.com, Inc. (www.register.com) provides domain name registration and other Internet services for individuals and businesses that wish to have a unique address and a branded identity on the Internet. Through its partner network, register.com also provides telcos, ISPs and other online businesses with the ability to offer, brand and manage their own version of the register.com domain registration and Web site creation services. The first registrar to compete in the domain registration market after the US government deregulated the industry in 1999, register.com was ranked among the top 100 Web sites by PC magazine and listed as one of Fortune Magazine's 25 Products to Watch in November 1999. The company was founded in 1994 and is based in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . For investor information, visit our Web site at http://investor.register.com. Statements in this announcement other than historical data and information constitute forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in register.com's stock price, uncertainty of future revenue and profitability, uncertainty of regulation related to the domain registration business and the Internet generally, increasing competition in the domain name registration business, the rate of growth of the domain name registration market, customer acceptance of new products and services offered by the company in addition to or as enhancements of its registration services and the rate of growth of the Internet and online commerce, and other factors detailed in our filings with the Securities and Exchange Commission, including our Quarterly Report on Form 10-Q Form 10-Q See 10-Q. for the period ended March 31, 2000 and our Registration Statement on Form S-1, filed on July 27, 2000. |
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