Hostway Completes Acquisition of .pro Registry

Mar 02, 2004, 00:00 ET from Hostway Corporation

    CHICAGO and NEW YORK, March 2 /PRNewswire/ -- Hostway Corporation, a
 global leader in Web hosting and managed services, and Register.com, Inc.
 (Nasdaq:   RCOM), a leading provider of global domain registration and Internet
 services, announced today that the acquisition of core assets of
 Register.com's subsidiary, RegistryPro, by Hostway has been finalized.  Under
 the agreement Hostway's wholly owned subsidiary, Registry Services
 Corporation, will now become the registry operator for the .pro top-level
 domain for professionals.
     The sale of the .pro registry received the necessary approval by the
 Internet Corporation for Assigned Names and Numbers (ICANN) in a meeting held
 last week.  Hostway intends to launch the registry in the second quarter of
 2004.
     "Hostway is very pleased that both companies and ICANN were able to bring
 this agreement to a successful conclusion," said Lucas Roh, president and CEO
 of Hostway.  "We are excited about the future for the top-level .pro domain
 and look forward to working with the registrar community in rolling it out to
 lawyers, doctors, accountants and other service professionals."
     According to Roh, Hostway believes the unique value of .pro domains will
 help foster quick acceptance and use of these names, and that the .pro domain
 name will become a kind of "gold standard" credential for licensed and
 registered professionals around the globe.
     "This sale is a win-win situation," said Peter Forman, president & CEO of
 Register.com.  "It allows Hostway to capitalize on what we still believe is a
 good opportunity, while we focus on our registrar business and retain the
 ability to benefit from .pro's success in the future.  We are eager to offer
 .pro names to our customers as a registrar and I look forward to Hostway
 maximizing .pro's potential."
     Registry Services Corporation will honor all existing .pro sunrise
 registrations.  The .pro extension is available exclusively for professionals
 and has three basic components: a domain name, cross-verification of
 professional and identity information, and a digital certificate - a building
 block of secure communications and transactions.
 
     About Hostway
     Hostway Corporation provides Web hosting and managed services to more than
 300,000 customers worldwide. Hostway helps individuals, small businesses and
 large enterprises achieve more value from state-of-the-art Web-based
 technologies by reducing their complexity and cost. Founded in 1998, Hostway
 is one of the five largest Web hosting companies in the world with offices in
 the Americas (Chicago, Tampa and Vancouver), Europe (London and Amsterdam) and
 Asia (Seoul and Sydney). For more information about Hostway Corporation,
 please visit www.hostway.com or call 1-888-290-5170.
 
     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. With
 over three million domain names under management, 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.  The company was founded in 1994 and is based in New York.
 
     Register.com Safe Harbor:
     Statements in this announcement other than historical data and information
 constitute forward-looking statements, and 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, risks associated with Register.com's
 restructuring process and future business plan, including the risk that
 expected cost reductions and increased revenues may not be realized at all or
 in the intended time frame, uncertainty of future revenue and profitability
 from existing and acquired businesses, increasing competition across all
 segments of the domain name registration business, risks associated with high
 levels of credit card chargebacks and refunds, customer acceptance of new
 products and services offered in addition to, or as enhancements of, the
 Company's registration services, uncertainty of regulations related to the
 domain registration business and the Internet generally, the rate of growth of
 the Internet and domain name industry, risks associated with any extraordinary
 transactions the Company may pursue and other factors detailed in
 Register.com's filings with the Securities and Exchange Commission, including
 the quarterly report on Form 10-Q for the period ended September 30, 2003
 currently on file.
 
 
      Contacts:
      Press Inquiries:      Hostway: Mark Smith, 312-371-6443,
                            mark.smith@strongforcegroup.com
                            Hostway: Mina Arsala, 312-238-0132,
                            mina@hostway.com
                            Register.com: Chris Patmore, +44 207 854 6184,
                            pr@register.com
 
      Registrar Inquiries:  Registry Services Corporation: Michael Delciello,
                            312-994-7680, mdelciello@hostway.com
                            Registrypro: Jordyn Buchanan, 212-798-9262,
                            jbuchanan@registrypro.com
 
      Investor Inquiries:   Register.com: Stephanie Marks, (212) 798-9169,
                            smarks@register.com
 
 

SOURCE Hostway Corporation