It appears that New.nets .travel registrants are in for a bitter surprise if ICANN approves the Tralliance sponsored .travel tld currently being overviewed.
"The domain space, if approved by the Internet governing body, will be the seventh sTLD approved to run alongside the popular .com, .net and .org generic TLDs (gTLDs), opening up the congested name space market to new entrants.
However, ICANN's decision is bad news for the approximately 175 million Internet users who use New.net software to resolve domain names on their Web browsers.
While at worst it's a nuisance for surfers, these developments are potentially devastating to some of the many New.net domain name owners who have an established business presence with the New.net service.
Kris DeSylvia is the domain owner of the Web site www.wtpdx.com, as well as the owner of New.net's "germany.travel" domain extension for her travel agency. She said she wasn't aware of the latest developments with Tralliance and ICANN and its ramifications on her Web site. Even more, she didn't know that not everyone surfing the Web could see her Web site, and feels she was misrepresented when she bought the domain. "
While the internetnews.com article gives some excellent insight, much has happened that could make things even worse for New.net registrants hoping for a grounded soloution.
Tralliance, which did hold meetings with New.net in 2003 to co-ordinate a mutual venture, might be under new ownership if the extention gets approved.
"Theglobe.com (OTCBB:TGLO), an Internet communications company, today disclosed a loan and purchase option agreement with Tralliance Corporation. Tralliance Corporation has entered into exclusive technical and commercial negotiations with the Internet Corporation for Assigned Names and Numbers (ICANN) to become the registry for the .travel top-level domain. The agreement between the two companies was originally entered into on February 25, 2003 and has since been amended. The Securities and Exchange Commission granted theglobe.com confidentiality treatment with respect to full disclosure of the details of the Agreement pursuant to Rule 406 under the Securities Act of 1933, as amended. Theglobe.com intends to exercise its purchase option for Tralliance upon certain conditions being met, including final approval to be the registry of the .travel top-level domain from ICANN. If and when theglobe.com exercises its purchase option, it will issue 1.5 million shares of its common stock in exchange for all the capital stock of Tralliance."
source: Business Wire
But even if a takeover doesn't transpire, Tralliance has stated it won't recognise New.net .travel holders as registrants if its tld is green lighted by ICANN.
"What's more unfortunate for New.net customers, and potential Tralliance customers, is the fact that Tralliance officials have no plans to "grandfather" them into the new registry if the registry bid is accepted by ICANN. Grandfathering would allow existing New.net domain owners to migrate their domain name over to Tralliance's registry."