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Network Solutions statement on SOPA

Statement posted on the Network Solutions’ Blog today:

Many customers and our friends in the community have asked us for our view on the discussion regarding SOPA, the: Stop Online Piracy Act . Network Solutions is part of Web.com Group, Inc.(Nasdaq: WWWW) and below is a statement from Matt McClure, Chief Legal Officer and Secretary, Web.com.

Web.com supports the protection of intellectual property rights and prohibiting illegal activities on the Internet, including what is commonly referred to as online piracy. We believe the current remedies available to rights holders provide an effective means of enforcing intellectual property rights and that any additional remedies should be carefully crafted with a mind towards allowing the Internet to continue to function as the backbone of creativity, democracy and open communications.

Give Your Small Business a Makeover in 2012 With 12 Effective Strategies

Network Solutions(R) Brings Industry Experts Together to Help Small Businesses Revisit Sales, Social Media, Mobile and HR Strategies to Boost Results

HERNDON, Va., Dec 12, 2011 (GlobeNewswire via COMTEX) — Network Solutions(R) launches its holiday initiative, “12 Ways to Makeover Your Small Business in 2012,” to inspire small business owners to revisit existing efforts and identify smart ways to grow their businesses in 2012. From Dec. 12 to Dec. 27, 2011, well-known small business experts, who are also entrepreneurs themselves, will share specific growth strategies in a series of free Web videos focused on sales, social media, mobile and hiring, hosted on Network Solutions’ Solutions are Power blog,  Network Solutions’ Facebook page and GrowSmartBiz blog.

These thought leaders will share their top tips for these topics and many more:

  • Sales- Relationships are crucial to sales. The small business experts will share their executable tips for maintaining and growing relationships, leading to an increasing volume of business.
  • Social Media- The experts will impart their proven strategies for how to retain and grow fans and followers in 2012.
  • Mobile- Smartphones can be powerful communications tools both internally, with colleagues, and externally, with customers. The thought leaders will help small business owners understand how they can be more effective inside and outside the office using mobile devices.
  • Hiring- It is more important than ever to bring in the right talent when you do have an opening. The small business experts will explore hiring myths and impart strategies for selecting dedicated and loyal employees from the Gen-Y and Millennial cohorts.

The videos will highlight renowned experts, including Michael Michalowicz, the Toilet Paper Entrepreneur; Mario Armstrong , Emmy-winning technology expert; Rieva Lesonsky, founder and CEO of GrowBizMedia; Barry Moltz, speaker, consultant and author of Bounce! The Path to True Business Confidence; Ramon Ray, editor and tech evangelist at smallbiztechnology.com; Terry Starbucker, co-founder of SOBCon; Jay Ehret, dean of marketing know-how at the Marketing Spot; Jennifer Nycz-Conner, special sections producer, the Washington Business Journal; Jenn Mathews, the goddess of SEO; Jennifer Shaheen, the technology therapist; Beth Schillaci, small business consultant and author of Your Social Media Roadmap; and Deborah Shane, branding strategist.

“What better way to share the excitement of the holidays and the fresh hope for the New Year than to bring top small business thought leaders straight to our customers,” said Shashi Bellamkonda, senior director of social media at Network Solutions. “This will be the perfect way for small business owners to find quick, executable strategies to hit the ground running in 2012.”

On Dec. 14 at 3 p.m. EST, Network Solutions will kick off the initiative by hosting Anita Campbell, executive editor of top small business blog, Small Business Trends, and author of Visual Marketing, for a live Facebook chat on Network Solutions’ wall. Campbell will help attendees discover how to invigorate their marketing in 2012 for better brand awareness and, in turn, better sales.

Join Network Solutions to celebrate 2012:

  • Take initiative- Ring in the New Year with a new domain name. This month only, purchase a domain name for $1.99, the lowest price of the year. visit http://bit.ly/abt12smbtips take advantage of this offer. Terms, conditions and limitations to this offer apply.
  • Participate in the Facebook chat on Dec. 14 with Small Business Trends Executive Editor, Anita Campbell
  • To join the discussion, sign up for the event, here, and visit Network Solutions’ Facebook page on Thursday, Dec. 14 at 3 p.m. EST.
  • Anita Campbell will answer questions about marketing, hiring and social media trends in 2012.
  • Visit the Network Solutions’ blogs Solutions are Power and GrowSmartBiz,

as well as its Facebook page to view new videos from top small business experts from Dec. 12 through Dec. 27. — Join the conversation on Twitter, by tweeting with the hashtag, #12SMBtips.

About Network Solutions

Network Solutions was founded in 1979 and pioneered the domain name registration business; today, the company also offers a broad range of value-add services as part of Web.com Group, Inc.WWWW. With nearly three million unique customers, Web.com is a leading online services provider, offering domain name registration services, website design, logo design, search engine optimization, search engine marketing and local sales leads, email marketing, general contractor leads, franchise and homeowner association websites, shopping cart software, eCommerce website design and call center services. For more information, please visit www.networksolutions.com or www.web.com .

Network Solutions Acquisition by Web.com Completed

JACKSONVILLE, Fla., Oct. 27, 2011 — Web.com Group, Inc. (Nasdaq:WWW), a leading provider of internet services and online marketing solutions for small businesses, today announced the successful completion of the acquisition of Network Solutions from NetSol Holdings LLC, a Delaware limited liability company (the “Seller”), under the terms of the Acquisition Agreement previously announced on August 3, 2011.

“The acquisition of Network Solutions is an historic event in our mission to become the go-to provider for everything small- and medium-sized businesses need to succeed online and leverage social-local-mobile strategies,” David Brown, chairman and chief executive officer of Web.com, noted. “This transaction more than doubles our revenue, triples the size of our customer base, and provides the expanded scale to invest greater resources in growth and branding initiatives.”

Web.com paid NetSol Holdings LLC $405 million in cash and 18 million shares of Web.com common stock. In addition, Web.com refinanced certain credit facilities of Network Solutions and paid certain expenses of Network Solutions relating to the transaction. The cash portion of the acquisition was funded with new credit facilities, consisting of a six-year, $600 million first lien term loan, a five-year, $50 million first lien revolving credit facility (of which $21 million was funded at closing) and a seven-year, $150 million second lien term loan.

“While the interest expense on our newly issued debt is greater than previously forecast due to recent deterioration of the debt markets, we also expect cost synergies to be greater than originally anticipated. We intend to use the significant free cash flow of our combined company to aggressively de-lever our balance sheet as well as invest in growth,” noted Brown. “We continue to expect the transaction to be approximately 20 percent accretive in 2012, with significantly greater accretion in future years. We believe the positive impact on our financial profile has the potential to drive a significant increase in shareholder value over the next 12 to 24 months.”

Earlier this week, Web.com stockholders overwhelmingly approved the issuance of 18 million shares of Web.com common stock, or approximately 37% of the Company, to NetSol Holdings LLC. Anton J. Levy, a member of the board of directors of the Seller and a Managing Director of General Atlantic LLC, an affiliate of the Seller, has joined the Web.com board of directors.

“In addition to greatly expanding the pool of customers that can benefit from our full suite of Web.com and Network Solutions services, this transaction also brings us the talents of hundreds of Network Solutions’ employees who are devoted to helping small- and medium-sized businesses,” Brown continued. “Our respect for their professionalism and passion for excellence was a key component in our pursuit of this combination, and we are proud to have them join our organization.”

Web.com is scheduled to release its 3Q’11 financial results and provide more details regarding the financial outlook of the combined company after the U.S. financial markets close on Thursday, November 3, 2011. More information can be found at http://ir.web.com.

About Web.com

Web.com Group, Inc. (Nasdaq:WWWW) is a leading provider of internet services and online marketing solutions for small businesses. Web.com meets the needs of small businesses anywhere along their lifecycle by offering a full range of online services and support, including domain name registration services, website design, logo design, search engine optimization, search engine marketing and local sales leads, general contractor leads, franchise and homeowner association websites, shopping cart software, eCommerce web site design and call center services. For more information on the company, please visit http://www.web.com/ or call 1-800-GETSITE.

Forward-Looking Statements

This press release includes certain “forward-looking statements” including, without limitation, statements regarding the acquisition of Network Solutions and the combined company’s forecasted financial results, anticipated reach, capabilities and opportunities for the combined company, expected benefits to merchants and other customers, market opportunities, and expected customer base, that are subject to risks, uncertainties and other factors that could cause actual results or outcomes to differ materially from those contemplated by the forward-looking statements. These forward-looking statements include, but are not limited to, plans, objectives, expectations and intentions and other statements that are not historical facts. These statements are sometimes identified by words such as “believe,” “potential,” “will,” “forecast,” “expect,” “opportunities,” or words of similar meaning. As a result, Web.com’s actual results could differ materially from those anticipated in these forward-looking statements. These statements are based on Web.com’s current beliefs or expectations, and there are a number of important factors that could cause the actual results or outcomes to differ materially from those indicated by these forward-looking statements, including, without limitation, whether the Web.com and Network Solutions’ businesses are successfully integrated, disruption from the transaction making it more difficult to maintain relationships with customers, employees or suppliers; risks related to the successful offering of the combined company’s products and services; the risk that the anticipated benefits of the acquisition may not be realized; and other risks that may impact Web.com’s and Network Solutions’ businesses. Other risk factors are set forth under the caption, “Risk Factors,” in Web.com’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2011, as filed with the SEC, which is available on a website maintained by the SEC at www.sec.gov. Web.com expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein as a result of new information, future events or otherwise

CONTACT: Web.com

Susan Datz Edelman

Director, Investor Relations and Corporate Communications

904-680-6909

sedelman@web.com

The above trademarks, service marks and logos (the "Trademarks") used and displayed on this Site are registered and unregistered Trademarks of Network Solutions LLC or their respective owners.

Corporate PR and Web.com Investor Relations:

Susan Datz Edelman
Director, Investor Relations and Corporate Communications
Phone: 904-680-6909
Email:

Network Solutions & Blogger Relations Contact

Shashi Bellamkonda
Phone: 703-668-5309
After Hours Phone: 202-370-7716
Twitter: @netsolcares
Email:

 

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