VeriSign Welcomes ICANN's Endorsement of Revised Domain Name Registry Agreements

Agreements Covering .com, .net and .org Foster Competitive Domain Name

Marketplace While Maintaining Stability of the Internet



Apr 02, 2001, 01:00 ET from VeriSign, Inc.

    MOUNTAIN VIEW, Calif., April 2 /PRNewswire/ --
 VeriSign, Inc. (Nasdaq: VRSN) today welcomed the decision of the Board of
 Directors of the Internet Corporation for Assigned Names and Numbers (ICANN)
 to move forward with and approve the terms of the revised registry agreements
 for the maintenance of the .com, .net and .org domain name registries.  The
 proposed ICANN-VeriSign agreements, which are subject to final approval by the
 U.S. Department of Commerce prior to implementation, will serve to normalize
 and strengthen the relations between ICANN and VeriSign.
     "We are pleased that the ICANN Board has approved these proposed
 agreements and are confident that they will benefit the Internet community in
 both the short and long run," said Stratton Sclavos, president and CEO of
 VeriSign.  "The terms of the agreements governing .com, .net and .org, coupled
 with our registry best practices and continued support of a universal Whois
 service, underline our commitment to both consumer choice and the operation of
 a highly stable Internet addressing system."
 
     About VeriSign
     VeriSign, Inc. is the leading provider of trusted infrastructure services
 to Web sites, enterprises, electronic commerce service providers and
 individuals. The company's domain name, digital certificate and payment
 services provide the critical Web identity, authentication and transaction
 infrastructure that online businesses require to conduct secure e-commerce and
 communications.  VeriSign's services are available through its Web sites
 (www.verisign.com) or through its direct sales force and reseller partners
 around the world.
     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, VeriSign's limited operating history under its current business
 structure, risks that the Department of Commerce won't approve the new
 registry agreements, uncertainty of future revenue and profitability and
 potential fluctuations in quarterly operating results, increased competition,
 risks associated with the company's international business and risks related
 to potential security breaches.  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, especially in
 the company's Annual Report on Form 10-K for the year ended December 31, 2000.
 VeriSign undertakes no obligation to update any of the forward-looking
 statements after the date of this press release.
     NOTE:  VeriSign is a registered trademark of VeriSign, Inc.  Other names
 may be trademarks of their respective owners.
 
 

SOURCE VeriSign, Inc.
    MOUNTAIN VIEW, Calif., April 2 /PRNewswire/ --
 VeriSign, Inc. (Nasdaq: VRSN) today welcomed the decision of the Board of
 Directors of the Internet Corporation for Assigned Names and Numbers (ICANN)
 to move forward with and approve the terms of the revised registry agreements
 for the maintenance of the .com, .net and .org domain name registries.  The
 proposed ICANN-VeriSign agreements, which are subject to final approval by the
 U.S. Department of Commerce prior to implementation, will serve to normalize
 and strengthen the relations between ICANN and VeriSign.
     "We are pleased that the ICANN Board has approved these proposed
 agreements and are confident that they will benefit the Internet community in
 both the short and long run," said Stratton Sclavos, president and CEO of
 VeriSign.  "The terms of the agreements governing .com, .net and .org, coupled
 with our registry best practices and continued support of a universal Whois
 service, underline our commitment to both consumer choice and the operation of
 a highly stable Internet addressing system."
 
     About VeriSign
     VeriSign, Inc. is the leading provider of trusted infrastructure services
 to Web sites, enterprises, electronic commerce service providers and
 individuals. The company's domain name, digital certificate and payment
 services provide the critical Web identity, authentication and transaction
 infrastructure that online businesses require to conduct secure e-commerce and
 communications.  VeriSign's services are available through its Web sites
 (www.verisign.com) or through its direct sales force and reseller partners
 around the world.
     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, VeriSign's limited operating history under its current business
 structure, risks that the Department of Commerce won't approve the new
 registry agreements, uncertainty of future revenue and profitability and
 potential fluctuations in quarterly operating results, increased competition,
 risks associated with the company's international business and risks related
 to potential security breaches.  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, especially in
 the company's Annual Report on Form 10-K for the year ended December 31, 2000.
 VeriSign undertakes no obligation to update any of the forward-looking
 statements after the date of this press release.
     NOTE:  VeriSign is a registered trademark of VeriSign, Inc.  Other names
 may be trademarks of their respective owners.
 
 SOURCE  VeriSign, Inc.