FYI: >Date: Sat, 15 Apr 2000 13:22:55 +0200 (MET DST) >From: [EMAIL PROTECTED] >To: Jay Fenello <[EMAIL PROTECTED]> >Subject: Network Solutions, Inc. Restricts Re-sale of Domain Names > >April 13, 2000 - For Immediate Release > > In an effort to control the growing market in domain names, >Network Solutions, Inc. has amended its registration agreement >to prohibit domain name owners from transferring their domains >to new owners. By including the language "Your rights under >this Agreement are not assignable. Any attempt by you to assign >your rights shall render this Agreement voidable at our option. >" NSI's new registration agreement allows NSI to revoke a domain >name owner's registration at will whenever the owner attempts to >transfer it. > > Chris Truax, speaking for Domain Name Buyer's Guide, said, >"Some of the terms in NSI's registration agreement are outrageous. >NSI seems to be taking the position that domain name registrants >don't actually own their domain names. What is worse, NSI isn't >being open about it. While they pretend to allow the transfer of >domain names, they have given themselves the legal right to take >your domain name away and give it to someone else." > > Mr. Truax also said NSI no longer had a monopoly on domain >name registration and that domain name owners now had a choice >of which registrar to use. "There are now over twenty active >domain name registrars and more are being added every week. NSI >came near the bottom of the registrars we ranked. For the moment, >Domain Name Buyers Guide recommends that domain name owners avoid >NSI and use one of the new registrars." > > "Domain names can be an extremely valuable asset." continued >Truax, "The market for domain names is growing at a tremendous rate. >Some domains are literally worth millions. BUSINESS.COM recently >sold for $7.5 million USD and WINE.COM went for $3 million USD. >Even if you're planning on using it yourself, we think it would be >crazy to use a registrar that doesn't recognize your ownership >rights in your domain name." > > Domain Name Buyer's Guide is a free on-line service that ranks >active ICANN accredited domain name registrars. For more information >contact Chris Truax at [EMAIL PROTECTED] or by phone >at (619)401-3472. > >Domain Name Buyer's Guide Website >http://DomainNameBuyersGuide.com > >The Network Solutions, Inc. registration agreement can be found at: >http://www.networksolutions.com/legal/serviceagreement.html Respectfully, Jay Fenello, New Media Strategies ------------------------------------ http://www.fenello.com 770-392-9480 Aligning with Purpose(sm) ... for a Better World ------------------------------------------------ "If we want to change the world, we have to begin by changing ourselves" -- Deepak Chopra
