VERISIGN INC/CA
8-K, EX-99.1, 2000-06-19
COMPUTER PROGRAMMING SERVICES
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                                                                    Exhibit 99.1
                                                Press Release dated June 9, 2000


For Immediate Release

VERISIGN COMPLETES ACQUISITION OF NETWORK SOLUTIONS

MOUNTAIN VIEW, CA - June 9, 2000 - VeriSign, Inc. (Nasdaq: VRSN), the leading
provider of Internet trust services, today announced the completion of its
acquisition of Herndon, Va. - based Network Solutions, Inc. (Nasdaq: NSOL), the
world's leading provider of Internet domain name registration and global
registry services. VeriSign will issue approximately 78 million shares of
VeriSign common stock for all of the issued and outstanding shares of Network
Solutions. VeriSign will assume Network Solutions' outstanding employee stock
options. Each Network Solutions share will be exchanged for 1.075 shares or
options of VeriSign. The acquisition will be accounted for as a purchase
transaction.

About VeriSign

VeriSign, Inc. is the leading provider of Internet trust services - including
authentication, validation and payment - needed by Web sites, enterprises and
electronic commerce service providers and individuals to conduct trusted and
secure electronic commerce and communications over IP networks. VeriSign's trust
services for enterprises and electronic commerce service providers are available
through regional account representatives, resellers, and VeriSign affiliates
worldwide. The company's digital certificate services for Web sites, developers
and individuals are available through www.verisign.com.

About Network Solutions

Founded in 1979, Network Solutions, Inc. pioneered the development of
registering Web addresses ending in .com, .net, .org, and .edu and is the
world's leading Registrar at www.networksolutions.com with over 10 million net
registrations. Network Solutions additionally plays a critical role in the
infrastructure of the Internet through its Registry services. Network Solutions'
Registry customers include all the accredited Registrars of domain names ending
in .com, .net and .org. Network Solutions also provides Internet Technology
Services that assist large commercial organizations in the evolution and
management of their Internet technologies. For more information, see the
www.nsol.com Web site.

CONTACT: Kathleen Ochsner, Investor Relations of VeriSign, Inc., 650-429-3512,
or [email protected]; or Media Relations, David Wright of Edelman Worldwide,
650-429-2738 or [email protected], for VeriSign, Inc.; or Chris Clough,
703-742-4706, or pager, 800-519-4459, or [email protected], or Cheryl Regan,
703-742-4847, or [email protected], both of Network Solutions, a VeriSign, Inc.
company.


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