Dot VN, Inc. Announces Plans to Complete a Viable Revenue Producing Platform and with a Reasonable Work out of Existing Debt, the Company is Confident It Will Begin Operating Strictly on Revenue within the Year
Dot VN, Inc., (http://www.dotvn.com)
(OTC Trading Symbol: DTVI), an Internet and
Telecommunications Company (“the Company” or “Dot VN”) and the online
global domain name registrar for the Country of Vietnam and exclusive
registrar for the Vietnamese Native Language Internationalized Domain
Names (“Vietnamese IDN”), announced today that it is very close to
completing the technical aspects required by Google to launch the
Vietnamese IDN (International Domain Names) marketing program. Dot VN
already has a long term working relationship with the world’s largest
online marketing and search engine leader. This will allow and begin the
advertising monetization of Vietnamese IDN web platforms. In common
terms it means that Dot VN will begin creating multiple revenue streams
from views and clicks associated with the nearly 1 million registered
Vietnamese IDN domain names. The most important aspect is the traffic
and Dot VN has already established success in the area.
Beginning on May 6, 2013 Dot VN will begin the process of restructuring
corporate debt. Dot VN management is confident that it is now able to
move forward into a self sustaining revenue production phase. Dot VN is
already working well with suppliers, vendors and employees and will
concentrate the restructuring efforts on extending maturity dates and
reducing debt and maintenance costs.
The Company already has plans to set up advisory committees with the
various types of stakeholders, in order to assure openness and
transparency in operating and restructuring of debt. Toward this end,
the Company has engaged Eric Dierker to co-ordinate and help manage this
transition. Eric Dierker worked with the Company in Vietnam and the U.S.
in forming the contractual and procedural agreements with the Vietnamese
Government as early as 2001 in the capacity of Global Internet
Strategist. Mr. Dierker is an expert in negotiating creditor/debtor
relations.
Dot VN is proud to be filing a very inclusive Form 8-K with the SEC
which sets forth a clear disclosure of the current corporate obligation
structure, within the parameters of appropriate confidentiality.
This is all in accord with the long range plan for developing the
Vietnamese Internet presence.
About Dot VN:
Dot VN, Inc. (www.DotVN.com)
provides innovative Internet and Telecommunication services for Vietnam
and operates and manages Vietnam’s premier online media web property, www.INFO.VN.
The Company is an online global domain name registrar for .VN (Vietnam)
and both the co-registry and exclusive registrar for the Vietnamese
Native Language Internationalized Domain Names (IDNs). Dot VN is a
distributor of Micro-Modular Data CentersTM solutions and E-Link 1000EXR
Wireless Gigabit Radios to Vietnam and Southeast Asia region. Dot VN is
headquartered in San Diego, California with offices in Hanoi, Danang and
Ho Chi Minh City, Vietnam. For more information, visit www.DotVN.com.
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:
Eric Dierker
Dot VN, Inc.
Phone: 858-571-2007 x19
Email: Eric@DotVN.com
Website:
www.DotVN.com,
en.www.INFO.VN
Register
your “.vn” domains at: www.VN
Create
your own website at: www.Web.VN