[public-announce] Sale of Domainz

[DPF]

InternetNZ is in the process of divesting DOMAINZ, as it will not be
appropriate for InternetNZ to own a Registrar after 30 September 2003.

>From preliminary indications, there is significant interest in the
availability of DOMAINZ for purchase.

The CEO of DOMAINZ has notified InternetNZ that the staff are
interested in a management buyout of DOMAINZ.  This bid would include
current Chair Bob Gray, Director Roger De Salis, as well as the CEO
Derek Locke and other staff.

Bob Gray and Derek Locke have therefore resigned from the DOMAINZ
Future Taskforce which has been managing the sale process and James
Scott has been appointed as an additional DOMAINZ representative on
the Taskforce.

The Board of DOMAINZ has also set up an independent committee of the
Board consisting of Donna Hiser, James Scott and Drew Whittle.  This
committee has been delegated full authority to act for the Board on
all issues relating to the sale process.

InternetNZ is still assessing options for the sale process. The
Society will be utilising experienced advisers to establish a process
which will best serve the public interest objectives of the Society,
secures a fair price, and is equitable to prospective purchasers. This
will include a conflict of interest regime to manage any interest from
Domainz management or others who have supported the work of the
Society with their time, in the past.
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E-mail: david at farrar.com
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