RealTime IT News

NetNation to Join Internet Domain Name Registrar Fray

E-commerce and Web hosting solution provider NetNation Communications Wednesday announced that the company was selected as an official registrar of Internet domain names by the Internet Corporation for Assigned Names and Numbers (ICANN).

Vancouver-based NetNation will commence operations as an official registrar after the initial testbed phase of the Shared Registry System, which is expected to be completed by July 9, 1999.

Until recently, Network Solutions held sole authority to register domain names ending in .com, .net, and .org, which account for 50-75 percent of all Internet addresses. Last year, the U.S. Commerce Department appointed ICANN to open up competition and to oversee the privatization of the Net's daily maintenance.

"This will give NetNation an important revenue stream and at the same time business customers will reap the benefits of increased competition and innovation." said David Talmor, president and CEO of NetNation. "We will continue to work closely with NSI through this important transition period and beyond."

NetNation Communications ranks among the top 10 in the world by leading Web site evaluators, HostIndex and TopHosts.

The company's domain registration services unit has grown rapidly, registering more than 18,000 domain names for customers in 90 countries.