EX-99.3
7
v192436_ex99-3.htm
Exhibit
99.3
Web.com
Announces Completion of Register.com Acquisition
JACKSONVILLE, FL - August 2, 2010 -
Web.com Group, Inc. (NASDAQ: WWWW), a leading provider of
online marketing for small businesses, today announced it completed the
previously-announced acquisition of Register.com, a leading provider of global
domain name registration and complementary website design and management
services, on July 30, 2010.
In
accordance with the terms of the acquisition agreement, as announced on June 17,
2010, Web.com acquired privately-held Register.com for $135 million, which was
comprised of $25 million in cash and $110 million in long term
debt.
David
Brown, President and CEO of Web.com, stated, "The acquisition of Register.com is
a transformative event for Web.com and creates one of the largest online
marketing and web services companies serving small businesses. We
believe the potential to realize over $10 million in annualized cost savings and
more than double the company's adjusted EBITDA, coupled with the rapid pay down
of debt associated with the acquisition, will enable Web.com to deliver a
significant increase in shareholder value over the next 12 to 18
months."
Brown
added, "In addition to the strong cash flow that we expect as a result of the
Register.com acquisition, we are equally excited about our combined
organization's increased scale from a revenue and resources
perspective. Our combined company has a non-GAAP revenue run rate of
approximately $180 million and we immediately have far greater capacity to
invest in sales and marketing programs targeted at restoring and accelerating
revenue growth. In addition, we expect to continue ramping
investments in these areas during 2011 as we increasingly realize cost synergies
related to streamlining our combined organization. With over 1
million subscribers, an expanded value proposition and broad cross-sell and
up-sell opportunities, we are very optimistic about our combined company's
long-term potential".
The
company will discuss the Register.com acquisition in more detail, including
financing terms and the combined company's outlook, on its upcoming second
quarter 2010 earnings call and webcast, scheduled for August 3,
2010.
About
Web.com
Web.com
Group, Inc. (Nasdaq: WWWW) is a leading provider of online marketing 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.
Note
to Editors: Web.com is a registered trademark of Web.com Group,
Inc.
Forward-Looking
Statements
This
press release includes certain "forward-looking statements" including, without
limitation, statements regarding the anticipated reach, capabilities and
opportunities for the combined company following the Register.com acquisition,
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 contained in this presentation
that are not historical facts. These statements are sometimes identified
by words such as "believe", "will", "expect", "opportunities", or words of
similar meaning. As a result of the ultimate outcome of such risks and
uncertainties, 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 proposed acquisition is ultimately consummated,
the ability to integrate Web.com and Register.com's businesses, 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 Register.com's 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 March 31, 2010, as filed with the Securities and Exchange
Commission, which is available on a website maintained by the Securities and
Exchange Commission at www.sec.gov. Web.com and Register.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.
Contacts:
Press
Roseann
Duran
Web.com
904-680-6976
rduran@web.com
Investors
Kori
Doherty
ICR for
Web.com
617-956-6730
kori.doherty@icrinc.com
Source:
Web.com

EX - 99 . 3 7 v192436 _ ex99 - 3 . htm Exhibit 99 . 3 Web.com Announces Completion of Register.com Acquisition JACKSONVILLE , FL - August 2 , 2010 - Web.com Group , Inc . ( NASDAQ : WWWW ) , a leading provider of online marketing for small businesses , today announced it completed the previously - announced acquisition of Register.com , a leading provider of global domain name registration and complementary website design and management services , on July 30 , 2010 . In accordance with the terms of the acquisition agreement , as announced on June 17 , 2010 , Web.com acquired privately - held Register.com for $ 135 million , which was comprised of $ 25 million in cash and $ 110 million in long term debt . David Brown , President and CEO of Web.com , stated , " The acquisition of Register.com is a transformative event for Web.com and creates one of the largest online marketing and web services companies serving small businesses . We believe the potential to realize over $ 10 million in annualized cost savings and more than double the company 's adjusted EBITDA , coupled with the rapid pay down of debt associated with the acquisition , will enable Web.com to deliver a significant increase in shareholder value over the next 12 to 18 months . " Brown added , " In addition to the strong cash flow that we expect as a result of the Register.com acquisition , we are equally excited about our combined organization 's increased scale from a revenue and resources perspective . Our combined company has a non - GAAP revenue run rate of approximately $ 180 million and we immediately have far greater capacity to invest in sales and marketing programs targeted at restoring and accelerating revenue growth . In addition , we expect to continue ramping investments in these areas during 2011 as we increasingly realize cost synergies related to streamlining our combined organization . With over 1 million subscribers , an expanded value proposition and broad cross - sell and up - sell opportunities , we are very optimistic about our combined company 's long - term potential " . The company will discuss the Register.com acquisition in more detail , including financing terms and the combined company 's outlook , on its upcoming second quarter 2010 earnings call and webcast , scheduled for August 3 , 2010 . About Web.com Web.com Group , Inc . ( Nasdaq : WWWW ) is a leading provider of online marketing 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 . Note to Editors : Web.com is a registered trademark of Web.com Group , Inc . Forward - Looking Statements This press release includes certain " forward - looking statements " including , without limitation , statements regarding the anticipated reach , capabilities and opportunities for the combined company following the Register.com acquisition , 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 contained in this presentation that are not historical facts . These statements are sometimes identified by words such as " believe " , " will " , " expect " , " opportunities " , or words of similar meaning . As a result of the ultimate outcome of such risks and uncertainties , 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 proposed acquisition is ultimately consummated , the ability to integrate Web.com and Register.com 's businesses , 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 Register.com 's 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 March 31 , 2010 , as filed with the Securities and Exchange Commission , which is available on a website maintained by the Securities and Exchange Commission at www.sec.gov . Web.com and Register.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 . Contacts : Press Roseann Duran Web.com 904 - 680 - 6976 rduran@web.com Investors Kori Doherty ICR for Web.com 617 - 956 - 6730 kori.doherty@icrinc.com Source : Web.com
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