"We are honored to have achieved this recognition," said Stratton Sclavos, chairman and chief executive officer, VeriSign. "VeriSign has consistently invested in building an organization that delivers distinctive value to its customers and shareholders. Achieving this prestigious milestone demonstrates our success in doing so, and is a testament to the contributions of our employees whose strong support and contributions yield continuous improvements in our company."
VeriSign received this honor primarily for the strategic use of its corporate assets that help address critical business needs. The company recently announced a $100 million investment to expand its global Internet infrastructure by 2010, preparing the network to manage the explosive surge in interactions taking place as e-commerce, social networking and Internet-enabled wireless devices place huge new demands on the Internet.
Described as the "definitive report card on corporate reputations," FORTUNE's annual list of "America's Most Admired Companies" is based on a survey of the top managers and analysts representing a total of 616 companies in 68 industries. Participants are asked to rate companies in their respective industries based on eight attributes: innovation, people management, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment, and quality of products/services. Only the best are listed as most admired.
The list and related stories appear in the March 19 issue of FORTUNE and are currently available online at www.fortune.com.
VeriSign, Inc. (
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, 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.