Hostway to Acquire .pro Registry

.pro Registry Expected to Launch in Second Quarter of 2004



Feb 12, 2004, 00:00 ET from Hostway Corporation

    CHICAGO, Feb. 12 /PRNewswire/-- Hostway Corporation, a global leader in
 Web hosting and managed services, today announced its wholly owned subsidiary,
 Registry Services Corporation, will become the registry operator for the .pro
 top-level Internet domain for professionals, after it acquires the core assets
 of RegistryPro, a subsidiary of Register.com, Inc. (Nasdaq:   RCOM).
     Register.com today disclosed in its quarterly earnings release the pending
 transaction with Hostway, which is subject to approval by the Internet
 Corporation for Assigned Names and Numbers (ICANN).  ICANN approval of the
 transaction is anticipated in the near term.
     Registry Services Corporation intends to launch the .pro registry in the
 second quarter of 2004.
     "The .pro domain has terrific potential to serve a vital group of Internet
 users," said Lucas Roh, President and CEO of Hostway.  "We believe lawyers,
 accountants, doctors and service professionals will be eager to use the .pro
 domain as a way of identifying and differentiating their professional status.
 As the Internet evolves, .pro will become a catalyst for simplified
 communication and help with the creation of valuable social interaction.
 We're committed to launching the .pro registry and excited to help advance the
 evolution of the Internet."
     The financial terms of the acquisition were undisclosed.
     "The .pro registry is an exciting opportunity but is not core to our
 businesses," said Peter Forman, President & CEO of Register.com.  "This sale
 allows us to focus on our registrar business, while retaining 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.
 
      Hostway: Mina Arsala, 312-238-0132, mina@hostway.com
      Hostway: Mark Smith, 312-371-6443, mark.smith@strongforcegroup.com
 
 

SOURCE Hostway Corporation
    CHICAGO, Feb. 12 /PRNewswire/-- Hostway Corporation, a global leader in
 Web hosting and managed services, today announced its wholly owned subsidiary,
 Registry Services Corporation, will become the registry operator for the .pro
 top-level Internet domain for professionals, after it acquires the core assets
 of RegistryPro, a subsidiary of Register.com, Inc. (Nasdaq:   RCOM).
     Register.com today disclosed in its quarterly earnings release the pending
 transaction with Hostway, which is subject to approval by the Internet
 Corporation for Assigned Names and Numbers (ICANN).  ICANN approval of the
 transaction is anticipated in the near term.
     Registry Services Corporation intends to launch the .pro registry in the
 second quarter of 2004.
     "The .pro domain has terrific potential to serve a vital group of Internet
 users," said Lucas Roh, President and CEO of Hostway.  "We believe lawyers,
 accountants, doctors and service professionals will be eager to use the .pro
 domain as a way of identifying and differentiating their professional status.
 As the Internet evolves, .pro will become a catalyst for simplified
 communication and help with the creation of valuable social interaction.
 We're committed to launching the .pro registry and excited to help advance the
 evolution of the Internet."
     The financial terms of the acquisition were undisclosed.
     "The .pro registry is an exciting opportunity but is not core to our
 businesses," said Peter Forman, President & CEO of Register.com.  "This sale
 allows us to focus on our registrar business, while retaining 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.
 
      Hostway: Mina Arsala, 312-238-0132, mina@hostway.com
      Hostway: Mark Smith, 312-371-6443, mark.smith@strongforcegroup.com
 
 SOURCE  Hostway Corporation