<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report: January 19, 2000
NETWORK SOLUTIONS, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-22967 52-1146119
(State or other (Commission File I.R.S. Employer
Jurisdiction of Incorporation Number) Identification Number)
505 Huntmar Park Drive, Herndon, Virginia 20170
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (703) 742-0400
<PAGE> 2
ITEM 5. OTHER EVENTS.
On January 19, 2000, the Company announced that its Registrar business
added more than 5 million net new domain names in 1999, up 164 percent over the
1998 total of 1.9 million net new domain names. The Company's cumulative total
of domain name registrations at the end of 1999 is 8.1 million, In 1999, the
Company's Registry gained an additional 890,000 domain names from non-Company
registrars. As of January 28, 2000, 27 registrars including the Company's
Registrar, are operational and registering domain names in .com, .net and .org.
A copy of the Company's press release is attached hereto as Exhibit 99.1
and incorporated by reference herein.
Statements in this report and the Company's press release attached hereto
other than historical data and information constitute forward-looking statements
that involve risks and uncertainties that could cause actual results to differ
materially from those stated or implied by such forward-looking statements. The
potential risks and uncertainties include, among others, increased competition,
including price competition, in the domain name registration business, customer
acceptance of new products and services offered by the Company in addition to or
as enhancements of its registration services, risks associated with the
Company's international business, potential volatility in the Company's stock
price, uncertainty of Internet privatization, uncertainty of future revenue and
profitability and fluctuations in its quarterly operating results. More
information about potential factors that could affect the Company's business and
financial results is included in the Company's filings with the Securities and
Exchange Commission, especially in the Company's Registration Statement on Form
S-3 filed on December 22, 1999, as amended, Annual Report on Form 10-K for the
year ended December 31, 1998, and Quarterly Reports on Form 10-Q for the periods
ended March 31, 1999, June 30, 1999, and September 30, 1999, which are on file
with the Securities and Exchange Commission (http://www.sec.gov).
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
99.1 Text of Press Release dated January 19, 2000
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
NETWORK SOLUTIONS, INC.
Date: January 31, 2000 By: /s/ Jonathan W. Emery
---------------------
Jonathan W. Emery
Senior Vice President, General
Counsel and Secretary
<PAGE> 3
NETWORK SOLUTIONS, INC.
INDEX TO EXHIBITS
Exhibit Description
- ------- -----------
99.1 Text of Press Release dated January 19, 2000
<PAGE> 1
EXHIBIT 99.1
NETWORK SOLUTIONS ADDS FIVE MILLION NEW REGISTRATIONS IN 1999;
REGISTRATION BASE EXCEEDS 8 MILLION
U.S., CANADA AND U.K. LEAD GLOBALLY; CALIFORNIA, NEW YORK AND FLORIDA TOP U.S.
SECOND YEAR IN A ROW
HERNDON, VA., JANUARY 19, 2000 - Network Solutions, Inc. (NASDAQ: NSOL),
the world's leading registrar of domain names, today announced that its
Registrar business added more than 5 million net new domain names in 1999,
bringing its cumulative total of domain name registrations to 8.1 million at the
end of 1999. Net new registrations grew 164 percent over the 1998 total of 1.9
million.
"In 1999, the demand for a unique Internet identity in .com, .net and
.org grew at a faster pace than ever before," said Jim Rutt, CEO of Network
Solutions. "We registered more names in 1999 than we did in the prior six years
combined. We have experienced an annualized growth rate of 160 percent in our
registration base since 1995."
In 1999, Network Solutions' Registry gained an additional 890,000 domain
names from non-NSI registrars. Currently, 25 registrars including Network
Solutions' Registrar, are operational and registering domain names in .com, .net
and .org.
Among the .com, .net and .org top-level domains, .com continues to be the
most sought after among Network Solutions' Registrar business, accounting for 79
percent of cumulative total registrations.
Of Network Solutions' Registrar business, approximately 67 percent of net
new registrations in 1999 were completed for U.S. businesses and individuals,
compared to international registrations of approximately 33 percent. In 1999,
the U.S., Canada and the United Kingdom held the top three positions for the
second year in a row in terms of registrations. Network Solutions registered the
greatest number of domain names in the following countries:
1. United States
2. Canada
3. United Kingdom
4. France
5. Germany
6. Italy
7. Australia
8. Japan
9. Spain
10. Korea
11. Sweden
12. Netherlands
<PAGE> 2
A state-by-state breakdown of Network Solutions' Registrar data shows
Network Solutions had the highest number of registrations in 1999 in California,
New York and Florida, unchanged from 1998. The top 12 states by number of
registrations in 1999 were:
1. California
2. New York
3. Florida
4. Texas
5. New Jersey
6. Illinois
7. Massachusetts
8. Washington
9. Pennsylvania
10. Virginia
11. Georgia
12. Ohio
ABOUT NETWORK SOLUTIONS
Founded in 1979, Network Solutions, Inc. (NASDAQ: NSOL) pioneered the
development of registering Web addresses ending in .com, .net, .org and .edu and
is the world's leading Registrar with more than 8 million net registrations. To
meet the needs of corporations worldwide, Network Solutions also provides domain
name registration services for all available country-code Top-Level Domains, for
example, .de (Germany), .fr (France) and .uk (United Kingdom). Network Solutions
additionally plays a critical role in the infrastructure of the Internet through
its Registry services. Network Solutions' Registry customers include all the
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.networksolutions.com Web site.
Network Solutions registers the majority of Web addresses worldwide through
various channels, including nearly 240 companies in over 30 countries in its
Premier Program and over 35,000 companies in the Affiliate Program. Network
Solutions has created value-added small business solutions through agreements
with leading companies such as American Express (NYSE: AXP) and Microsoft
(Nasdaq: MSFT). Through its Alliance Program, Network Solutions works closely
with EarthLink (Nasdaq: ELNK), MindSpring Enterprises, Inc. (Nasdaq: MSPG),
Interliant Inc. (Nasdaq: INIT), ValueWeb (Nasdaq: ESPI) and Interland, Inc.
Network Solutions also has entered into marketing agreements with companies like
Yahoo! Inc. (Nasdaq: YHOO).
Statements in this announcement other than historical data and information
constitute forward-looking statements that involve risks and uncertainties that
could cause actual results to differ materially from those stated or implied by
such forward-looking statements. The potential risks and uncertainties include,
among others, increased competition, including price competition, in the domain
name registration business, customer acceptance of new products and services
offered by the Company in addition to or as enhancements of its registration
services, risks associated with the Company's international business, potential
volatility in the Company's stock price, uncertainty of Internet privatization,
uncertainty of future revenue and profitability and fluctuations in its
quarterly operating results. More information about potential factors that could
affect the Company's business and financial results is included in the Company's
filings with the Securities and Exchange Commission, especially in the Company's
Registration Statement on Form S-3 filed on December 22, 1999, Annual Report on
Form 10-K for the year ended December 31, 1998 and Quarterly Reports on Form
10-Q for the periods ended March 31, 1999, June 30, 1999 and September 30, 1999.
Contacts:
Media, Cheryl Regan, [email protected], 703/742-4847. Investor Relations, Sean
McClorey, [email protected], 703/326-6090. Customer Service, 703/742-4777.
