May, 2009 : Dot VN, Inc. Receives Exclusive Rights from VNNIC

📅 May 28, 2009 - Company to commercialize pay-per-click parking page, domain name registrations and appraisals and smart search engine programs for .VN domains.

Dot VN, Inc., an Internet and Telecommunications Company and the exclusive domain name registrar for the Country of Vietnam, today announced that its wholly owned subsidiary, Hi-Tek Multimedia, Inc. has received exclusive rights from the Vietnamese Government's Vietnam Internet Network Information Centre (VNNIC) to immediately implement and commercialize the official pay-per-click (PPC) parking page for the country code Top Level Domain .VN, and create and promote links for domain registrations, domain appraisals and a smart search engine for the .VN ccTLD.Through this agreement, the company states that it has received final approval from VNNIC to move beyond the testing phase and begin implementation and commercialization of the parking page, which when deployed, will result in immediate increased revenues for Dot VN. Deployment is expected to occur within 30 to 60 days.The company explains that its PPC parking page will be the one and only parking page internet users will be directed to when typing URL addresses that do not yet exist or have expired. From this page, users can either register the available URL through its domain name registration service or click on one of the sponsor links.The company also announced that in a second agreement signed with VNNIC, it has revised the commission structure for .VN domain registrations and renewals effective January 2, 2009. It claims that this agreement reinforces its relationship with VNNIC and is expected to result in increased revenue from commissions."With the exclusive rights granted by VNNIC, Dot VN is the only company in the world that is allowed by the Vietnamese government to commercialize the PPC parking page," said Dot VN CEO Thomas Johnson. "Considering that Vietnam is the second fastest growing economy in the world with a population of over 86 million people, we expect that the implementation of this parking page program will serve as the catalyst for a new wave of registrations in of '.vn' domain names by simplifying the registration process and lead to strong revenue growth for the Company based on this new product.""We believe that the Domain Parking Program will represent a fundamental shift in the way in which Vietnamese domain names are used and monetized," said Dot VN's Executive VP of Operations and Business Development, Louis P. Huynh. "Our goal is to transform the current perception that domain names are placeholders for websites or an operational line item on a balance sheet and demonstrate that domain names represent a unique and valuable piece of property on the Internet that can generate revenue for its owner, while offering advertisers greater market access to the Vietnamese consumer through online advertising."