EX-99.1 4 file004.htm PRESS RELEASE OF REGISTER.COM, INC. FEB 7, 2005


                               [REGISTER.COM LOGO]

               PETER A. FORMAN TO STEP DOWN AS CEO OF REGISTER.COM

           COMPANY TO COMMENCE SEARCH FOR NEW CHIEF EXECUTIVE OFFICER

NEW YORK, NY, FEBRUARY 7, 2005 -- Register.com (Nasdaq: RCOM) today announced
that Peter A. Forman, Chief Executive Officer of the Company since June 2003,
has informed the Board of Directors that he does not intend to renew his
two-year contract upon its expiration this coming June and has asked the Board
of Directors to immediately commence a search for a successor. Mr. Forman, who
will remain on the Board of Directors, has agreed to stay on in his role as CEO
until a successor is ready to assume office.

"Since becoming CEO in June 2003, we have realized many of the operational goals
we laid out to steer the Company toward a new strategic path," said Mr. Forman.
"Most importantly, Register.com has evolved from a vendor of primarily domain
names to one that is a purveyor of many Internet-based services. We have also
maintained consistently strong cash flows. The next few months will allow
Register.com to find a successor to pick up where I will have left off and take
the Company to its next level. As a founder, one of the largest shareholders,
and a devotee of our mission, I look forward to assisting Register.com in any
way I can."

"We thank Peter for his significant contributions to Register.com. He stepped in
as CEO during a period of transition at a critical time in the Company's history
and helped us refocus our vision and strategic direction," said Mitchell I.
Quain, Chairman of the Board of Directors of Register.com. "We appreciate
Peter's willingness to assist in a smooth transition and are delighted that he
will continue to serve on our Board."

Register.com also announced that the Nominating Committee of the Company's Board
of Directors is commencing a search for two new directors. The Company has
agreed with Barington Companies Equity Partners, LP, as to certain target dates
to appoint such new directors and hire a new CEO. Register.com has also agreed
to increase the limit on the percentage of shares, from 8% to 15%, that may be
acquired by the stockholder group led by Barington, pursuant to their June 9,
2003 agreement with Register.com. Additional details are provided in the
Company's Current Report on Form 8-K filed today with the Securities and
Exchange Commission.


ABOUT REGISTER.COM

Register.com, Inc. (www.register.com) is a leading provider of global domain
name registration and Internet services for businesses and consumers that wish
to have a unique address and branded identity on the Internet. With
approximately 2.9 million domain names under management, Register.com has built
a brand based on quality domain name management services for small and medium
sized businesses, large corporations, as well as ISPs, telcos and other online
businesses. The company was founded in 1994 and is based in New York.

                                      # # #

Statements in this announcement other than historical data and information
constitute forward-looking statements, and involve risks and uncertainties that
could cause actual results to differ materially from those stated or implied by
such forward-looking statements. These potential risks and uncertainties
include, among others, risks associated with Register.com's restructuring
process and future business plan, including the risk that expected cost
reductions and increased revenues may not be realized at all or in the intended
time frame, uncertainty of future revenue and profitability from existing and
acquired businesses, increasing competition across all segments of the domain
name registration business, risks associated with high levels of credit card
chargebacks and refunds, customer acceptance of new products and services
offered in addition to, or as enhancements of, the Company's registration
services, uncertainty of regulations related to the domain registration business
and the Internet generally, the rate of our growth and of the Internet and
domain name industry, risks associated with any extraordinary transactions the
Company may pursue and other factors detailed in Register.com's filings with the
Securities and Exchange Commission, including the quarterly report on Form 10-Q
for the period ended September 30, 2004 currently on file.

CONTACTS:
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INVESTOR RELATIONS:
Scott Eckstein
(212) 798-9185
ir@register.com
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