VeriSign announced that as of Oct. 15, 2007, the registry fee for .com domain names will increase from $6.00 to $6.42 and that the registry fee for .net domain names will increase, from $3.50 to $3.85. This will be the first registry fee increase for .com and .net since the fee structure was put in place by ICANN in 1999.
Since 1999, the volume of Internet traffic and domain name system (DNS) queries on VeriSign's global infrastructure has increased from an average of 1 billion queries per day in the year 2000 to nearly 30 billion queries per day today. Traffic volume continues to increase with the emergence of consumer-driven services, the surge in web-connected wireless devices and the proliferation of DNS-centric technologies and services. In addition, the .com and .net infrastructures are continually being fortified and scaled to defend against increasingly sophisticated cyber attacks. Security exploits have grown by 700 percent since 2000 and are projected to increase by 50 percent in 2007 and 2008.
To address the increase in both DNS volume and cyber attacks, VeriSign recently announced a major initiative entitled Project Titan to expand the capacity of its global Internet infrastructure by ten times by the year 2010. Under Project Titan, over the next three years VeriSign will increase its daily DNS query capacity from 400 billion queries a day to over 4 trillion queries a day and will increase the aggregate network bandwidth of its primary resolution centers around the world from over 20 gigabits per second (Gbps) to greater than 200 Gbps per second. VeriSign will also expand its deployment of Regional Internet Resolution Sites to over 100 locations across the globe by 2010.
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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 implement price increases, and customer acceptance of any new products, services, or price increases, including the price increases mentioned herein; the possibility that VeriSign's announced new products, services and price increases may not result in additional customers, profits or revenues; and increased competition. 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.