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Press Release |
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VeriSign Announces Plan to Further Enhance .com and .net Constellation in Bulgaria
Distributed Infrastructure to Provide Even Greater
Security and Stability for Growing Number of Bulgarian Internet Users
MOUNTAIN VIEW, CA., July 4, 2006 - VeriSign, Inc. (Nasdaq:
VRSN), the leading provider of intelligent infrastructure services for
the Internet and telecommunications networks, today announced a plan
to enhance its global constellation of geographically-dispersed Internet
Resolution Sites by installing and operating a Regional Internet Resolution
Site in Sofia, Bulgaria. The announcement is another important step
in VeriSign’s effort to expand critical Internet infrastructure in regions
of emerging growth. Once fully implemented, the site will improve Internet
performance for the over 2 million Internet users in Bulgaria.
“One of the Internet’s greatest benefits is that it
provides a universal medium for commerce and communications to people
living in all parts of the globe,” said Mark McLaughlin, executive vice
president and general manager, VeriSign Information Services. “VeriSign
has analyzed Internet traffic data, paired it with advanced mapping
technologies, and pinpointed new regions of emerging growth to enhance
Internet performance in those key regions. The expansion of this
critical Internet infrastructure is important to Bulgaria as it seeks
to build more secure Internet access and provide faster resolution for
its community of Internet users.”
Bulgaria has experienced rapidly accelerating Internet
growth in the last year. From 2005 through the first half of 2006,
growth in Bulgaria in .com and .net domain names is at a nearly 40%
growth rate and the total growth of all domain names in Bulgaria stands
at 42%. “As the Internet continues to drive economic development and
convergence of communications in Bulgaria, reliable and secure Internet
performance is of paramount importance,” said Veni Markovski, Senior
Advisor to the Chairman of the Agency for IT and Communications.
VeriSign is also meeting with Prime Minister Sergey
Stanishev, President Georgi Parvanov and the Chairman of IT and Communications
as well as Internet industry leaders this week in Sofia. “VeriSign
looks forward to discussing key issues related to the Internet’s growth
in Bulgaria and globally including the importance of cybersecurity and
the appropriate model for Internet Governance. The Bulgarian Government
is focused on combating Internet abuses and is positioned to play a
leading role in ongoing Internet Governance discussions. VeriSign
will collaborate with the Bulgarian Government to advance these important
twin objectives,” said Brian Cute, vice president, VeriSign Government
Relations.
For over seven years, VeriSign's Internet infrastructure
has provided unmatched stability and 100 percent service availability
for the resolution of .com and .net traffic. VeriSign’s plan to
install and operate additional sites in key locations around the world
is critical to help support new trends in Internet growth as traffic
continues to expand globally.
About VeriSign
VeriSign, Inc. (Nasdaq: VRSN),
operates intelligent infrastructure services that enable and protect
billions of interactions every day across the world’s voice and data
networks. Additional news and information about the company is available
at http://www.verisign.co.uk
Contacts
VeriSign Media Relations: Brian O’Shaughnessy, boshaughnessy@verisign.com,
650-426-5270
VeriSign Investor Relations: Tom McCallum, tmccallum@verisign.com,
650-426-3744
Forward-Looking
Statement
Statements in this announcement other than historical data and information
constitute forward-looking statements within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. These statements involve risks and uncertainties
that could cause VeriSign's actual results to differ materially from
those stated or implied by such forward-looking statements. The potential
risks and uncertainties include, among others, the uncertainty of future
revenue and profitability and potential fluctuations in quarterly operating
results due to such factors as the inability of VeriSign to successfully
develop and market new products and services and customer acceptance
of any new products or services, including VeriSign's plans to install
and operate regional resolution servers; the possibility that VeriSign’s
announced new services may not result in additional customers, profits
or revenues; and increased competition and pricing pressures. More information
about potential factors that could affect the company's business and
financial results is included in VeriSign's filings with the Securities
and Exchange Commission, including in the company's Annual Report on
Form 10-K for the year ended December 31, 2005 and quarterly reports
on Form 10-Q. VeriSign undertakes no obligation to update any of the
forward-looking statements after the date of this press release.
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