Business Services Industry
Network Commerce Domain Registration Business Shows 300% Growth Over Last Two Quarters; Registrations Continue to Rise, Fueled by New Top-level Domains
Business Wire, April 23, 2002
Business Editors, Technology Writers
SEATTLE--(BUSINESS WIRE)--April 23, 2002
Network Commerce Inc., (OTCBB:NWKC) which develops tools and online services for the advancement of Internet domain registration, hosting and electronic commerce, announces that its domain registration services continued to gain momentum the previous two quarters.
Domain registrations were up 300% from October 2001 to March 2002, from 14,000 domains to more than 50,000 domains.
Network Commerce provides domain registrations at two locations, eHost (www.ehost.com) and Dirt-Cheap-Domain (www.dirtcheapdomain.com).
"With the opening of several new domain-name extensions in the past year (.biz, .info, .ws, .tv, and .cc), and the impending arrival of `.US' later this month, a universe of new naming opportunities has appeared," says Dwayne Walker, chairman and chief executive officer.
"If you missed the dot-com or dot-net naming opportunities, it's worth exploring these new avenues, including the exclusively American dot-US category," Walker continued. "We believe there is still room to grow in this market, because millions of small to mid-sized companies have yet to establish their businesses online. We are positioned to capitalize on this growth opportunity by offering all the tools necessary to get started, including domain registration, hosting and commerce services."
About Network Commerce
Network Commerce Inc. (OTCBB:NWKC) (www.networkcommerce.com) provides technology infrastructure and services. The company's online business services platform includes domain registration, hosting, commerce and online marketing services. The Seattle-based company was established in 1994.
Forward Looking Statements:
Certain statements in this announcement, including statements concerning our ability to raise capital, our sources of revenue, our projected financial performance for fiscal year 2001, and our plans, intentions and expectations, contain "forward-looking statements" within the meaning of the Securities Act of 1933 as amended. Forward-looking statements are based on the opinions and estimates of management at the time the statements are made and are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward-looking statements. The words "believe," "expect," "intend," "anticipate," variations of such words and similar expressions identify forward-looking statements but their absence does not mean that the statement is not forward-looking. These statements are not guaranties of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date of this announcement. Factors that could affect Network Commerce's actual results include, among others, the factors described in Network Commerce's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the year ended December 31, 2000. Network Commerce undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.
Trademarks are the property of their respective owners. "America's Internet Address" is a trademark of NeuStar, Inc.
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