SAN DIEGO, March 23 /PRNewswire-FirstCall/ -- Dot VN, Inc., a Delaware corporation ('Dot VN' or the 'Company') (www.dotVN.com), (OTC Bulletin Board: DTVI), an Internet and Telecommunications Company and the exclusive online global domain name registrar for the Country of Vietnam, announced today that on March 16, 2009, the Company, through its wholly owned subsidiary, Hi-Tek Multimedia, Inc., a California corporation, executed an agreement in principle with the Vietnam Internet Network Information Center ('VNNIC') to serve as its exclusive partner to develop a parking page program for the Vietnamese ccTLD '.vn' (the 'Parking Page Agreement').

Pursuant to the Parking Page Agreement, Dot VN is the exclusive registrar charged with developing a program whereby typing any unregistered .VN domain names, as well as certain expired domain names in the web browser's address bar will be directed to a unique parking web page which (i) provides the current unregistered status of the domain name; (ii) recommendations on registration of the domain name; (iii) allows the visitor to register the domain name instantly via the Company's online payment gateway; and (iv) will also feature sponsors advertising links on parking pages, often provided by notable companies such as eNom, Microsoft adCenter, Yahoo! Search Marketing and Google AdSense, to other websites that have the content relevant to the available domain name as opposed to the usual dead link notice. Dot VN plans to tailor the links based on the predicted interests of the visitor and may change the links dynamically depending on the results the visitors click on. Dot VN expects that revenue will be generated based on how many sponsor links have been visited (e.g. pay per click). Further, the Company anticipates that the number of domain registrations through it website www.vn will increase based on the direct links from the parking page to Dot VN's registration portal.

'Dot VN continues to successfully work closely with VNNIC to grow its domain registration revenue. The Company will be able to generate significant revenue as the exclusive registrar providing 'Parking Page - Pay Per Click' program for .VN ccTLD. We are extremely excited to be involved as a provider in this growing multi-billion dollar Internet Advertising market.' said Thomas M. Johnson, Dot VN's Chairman and Chief Executive Officer.