High Growth Fuels Need for .NU Domain Ltd’s New Expanded Headquarters

High Growth Fuels Need for .NU Domain Ltd’s New Expanded Headquarters

Technology and Finance Experts Fortify .NU Domain’s Executive Teams

Medfield, MA, July 27, 1999 — The .NU Domain Ltd (www.nunames.nu), the fastest growing Top Level Domain (TLD) name on the Internet, announced today it has relocated its US-based headquarters to accommodate the growth brought on by the worldwide use of its .NU domain name.  The company also announced notable additions to its management team, including Mark S. Zuroff, formerly of Gentia Software, as chief financial officer and Robert P. Mitchell, previously of EDS, as technical manger to complement increased staff in the areas of customer support and customer care.

.NU Domain Ltd, the only United States-based competitor to Network Solutions’ ‘.com’ (Nasdaq: NSOL) domain name, has registered over 42,000 domain names under the .NU TLD and plans to accelerate growth in its registration of .NU domain names through the year 2000 in its quest to become the second largest TLD in the world after .com.

“The combination of Mark and Robert’s financial and high-volume database and transaction systems skills will be advantageous as we move into new business areas and offer expanded services to our growing customer base,” said J. William Semich, president of .NU Domain Ltd.  “Our new management team additions will help lead our efforts to provide the highest level of fault tolerance, 7-by-24 technical support and capacity to our users and enhance our transaction and financial systems to handle our continued and accelerating growth.  We are pleased to be able to add such high caliber talent to the .NU team.”

Mark Zuroff brings more than twenty years experience in financial management to .NU Domain.  Mr. Zuroff has served as chief financial officer at leading companies including Gentia Software, Business Matters Inc. and the Faxon Company.  At .NU Domain, Mr. Zuroff is responsible for financial, forecasting and budgeting operations of the company.

Robert P. Mitchell joins .NU Domain from EDS, where he has held a series of technical management positions, most recently as systems administration supervisor where he was credited for minimizing IT costs and enhancing systems efficiency.  Mr. Mitchell is responsible for the development, implementation and expansion of .NU Domain’s technical systems and operations, in order to support the rapidly growing subscriber base of .NU domains.

“The explosion of the Internet is bringing everyone online.  People are discovering they want a unique domain name for their web site or email address.  Many of these folks are finding that the popular .com, from Network Solutions Inc., is just not an option for them anymore,” said Semich.  “With over 4 million .com domain names already taken, most of the meaningful names are gone.  But you can still find the domain name you want in the .NU TLD and at a lower price than .com.” The new headquarters office is located at 266 Main Street, Suite 31 in Medfield Massachusetts, 02052, a suburb west of Boston.  The company can be reached by phone at 508/359-5600, toll free at 1-877-nunames, by fax at 508/242-9712, and on the World Wide Web at www.nunames.nu.

About .NU Domain Ltd

.NU Domain Ltd., an US-based private corporation, offers the only competitive alternative to Network Solutions Inc.’s (NASDAQ:NSOL) .com domain name.  The .NU Domain Ltd targets end users and the small office/home office (SOHO) market, as well as Internet users in countries with restrictions on the domain name registration process.  The .NU domain is the fastest growing TLD on the Internet.  It has registered over 42,000 .NU domain names on the Internet during the past 20 months and registrations of .NU domain names have doubled in the past six months.

Current .NU registered customers are located in dozens of counties throughout the world, including Sweden, Denmark, Japan, Germany, Taiwan, Norway, Italy, the UK, Spain, Brazil, New Zealand, Finland, Indonesia, Belgium, Singapore, France, the Canary Islands, Australia, Canada and the Philippines, as well as the US.

The list of registered .NU domain names ranges from personal sites like the Black Velvet Dart Team in Sweden at http://www.blackvelvet.nu to names registered by large corporations including Dell Computer Corporation at http://www.dell.nu, entertainment software publisher, Blizzard Entertainment at http://www.starcraft.nu, the Renault Group at http://www.renault.nu, International Data Group Corp. at http://www.idg.nu, The Coca-Cola Bottling Company at http://www.coca-cola.nu, The Goodyear Tire & Rubber Co. at http://www.goodyear.nu, and Hasbro, Inc.

.NU Domain Ltd also offers domain name parking services for customers who need to lock in a domain name but have no immediate plans to use it, the .NU InstantWeb Forwarding Service that provides URL forwarding for your .NU domain name to a GeoCities, Tripod or other Web site without a unique domain name, .NU InstantMail Forwarding so AOL, GeoCities, Hotmail and other mail service users can have a unique .NU mail address, and .NU InstantWeb Plus which is a complete Web package, including .NU Domain Name, Web Hosting or Web Forwarding and E-Mail forwarding capabilities.  You can visit .NU Domain Ltd on the World Wide Web at www.nunames.nu.