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Dot VN, Inc. Signs Danang City Office Lease
Thursday, November 20, 2008
SAN DIEGO, Calif., Nov. 20 /PRNewswire-FirstCall/ -- Dot VN, Inc., a
Delaware corporation ("Dot VN" or the "Company") (http://www.dotVN.com),
(Pink Sheets: DTVI), an Internet and Telecommunications Company and the
exclusive online global domain name registrar for the Country of Vietnam,
announced that it, through a wholly-owned Vietnamese subsidiary formed under
the authority of the People's Committee of the City of Danang ("Dot VN
Danang"), has executed a two year lease for 95 square meters (~1,022 square
feet) of office space located on the 9th floor of the Software Park Tower in
downtown Danang City (the "Lease").
The Software Park Tower office of Dot VN Danang (the "SP Tower Office")
will (i) manage the construction of the Danang City IDC; and (ii) capitalize
on Danang City's growing market of internet users and businesses that will
need to register domain names and utilize Dot VN's related service offerings.
With the signing of the Lease, the Company continues to be on target and
expects the SP Tower Office to be fully operational by the end of 2008.
"In addition to securing valuable property in Danang this past month to
build an advanced Tier III data center, Dot VN is setting up a fully
operational team to sell our domain registration and web services to the large
and underserved market in Danang City and central Vietnam," stated Thomas M.
Johnson, Dot VN's Chairman and Chief Executive Officer.
About the Company:
Dot VN, Inc. (http://www.DotVN.com) provides Internet and
Telecommunication services for Vietnam. Vietnam Internet Network Information
Center ("VNNIC") awarded the Company an "exclusive long term contract" to be
the first registrar to market and register its country code Top Level Domain
("ccTLD") of .VN (Vietnam) via the Internet. Dot VN has established agreements
with international ISP's (Internet service providers) along with over 73 top
domain resellers to commercialize .VN. Also, the Company is currently
developing initiatives to offer Internet Data Center services and Wireless
applications.
Cautionary Warning Regarding Forward-Looking Statements:
Statements in this press release may be "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995.
Words such as "anticipate," "believe," "estimate," "expect," "intend" and
similar expressions, as they relate to Dot VN or its management, identify
forward-looking statements. These statements are based on current
expectations, estimates and projections about Dot VN's business based, in
part, on assumptions made by management. These statements are not guarantees
of future performance and involve risks, uncertainties and assumptions that
are difficult to predict. Therefore, actual outcomes and results may, and
probably will, differ materially from what is expressed or forecasted in such
forward-looking statements due to numerous factors, including those described
above and those risks discussed from time to time in Dot VN's filings with the
Securities and Exchange Commission. Factors that could materially affect these
forward-looking statements and/or predictions include, among other things: (i)
our limited operating history; (ii) our ability to pay down existing debt;
(iii) unforeseen costs and expenses; (iv) potential litigation with our
shareholders, creditors and/or former or current investors; (v) Dot VN's
ability to comply with federal, state and local government regulations in the
US and foreign countries; (vi) Dot VN's ability to maintain current agreements
with the government of Vietnam and enter into additional agreements with the
government of Vietnam; and (vii) other factors over which we have little or no
control. In addition, such statements could be affected by risks and
uncertainties related to product demand, market and customer acceptance,
competition, pricing and development difficulties, as well as general industry
and market conditions and growth rates and general economic conditions. Any
forward-looking statements speak only as of the date on which they are made,
and Dot VN does not undertake any obligation to update any forward-looking
statement to reflect events or circumstances after the date of this release.
Information on Dot VN's website does not constitute a part of this release.
For more information, contact:
Phone: 858-571-2007 X14
Email: Inquiries@DotVN.com
Website: http://www.DotVN.com
Register your .VN domains at: http://www.VN
SOURCE Dot VN, Inc.
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