FOR IMMEDIATE RELEASE

PIVOTAL PRIVATE EQUITY COMPLETES ACQUISITION OF NETWORK SOLUTIONS WORLD'S LARGEST DOMAIN NAME REGISTRAR

Phoenix, Arizona (Dec. 1, 2003) -- Pivotal Private Equity (now known as Najafi Companies), an investor of under-valued companies in long-term growth sectors, has completed the acquisition of Network Solutions, the world’s largest domain name registrar and a leading Internet services company with more than 8 million domain names under management.

Pivotal Private Equity announced a definitive agreement to acquire Network Solutions from Mountain View, Calif.-based VeriSign Inc. for $100 million on Oct. 16, 2003, and completed the transaction in less than six weeks on Nov. 25, 2003.

Based in Herndon, Virginia, Network Solutions provides domain name registration, e-mail services, Web-site hosting and creation tools, and other value-added services.

“We are just beginning to comprehend the revolutionary new uses for the Internet that will demand new services,” said Jahm Najafi, chief executive officer of Pivotal Private Equity. “With its millions of business and individual customers, infrastructure and key technologies, Network Solutions is in a key position to be an innovator, creating new applications that will respond to this new wave of demand.”

About Pivotal Private Equity
Pivotal Private Equity is a private equity firm that acquires controlling ownership of under-valued companies, in partnership with superior management teams, to achieve long-term appreciation and high returns for investors and the company. Pivotal Private Equity is attracted to viable businesses in need of capital, shareholder liquidity, recapitalization or divestiture by a parent. The firm’s focus is on leading-edge, entrepreneurial companies in the telecommunications, Internet services, energy, manufacturing, consumer products and leisure industries.

Pivotal Private Equity recently agreed to acquire the assets of PCL and its subsidiaries for $63 million. PCL, a former subsidiary of Global Crossing, operates the PC-1-fiber optic telecommunications network linking the U.S. with Asia.

Based in Phoenix, Pivotal Private Equity is a wholly owned subsidiary of Pivotal Group, a sophisticated investment company focused on high-quality real estate assets in premier markets.

Media Contact: 
Anne Robertson
The Lavidge Company
Tel# 480-998-2600 ext. 537
Cell# 917-767-4477
arobertson@lavidge.com 

Alicia Wadas
The Lavidge Company
Tel# 480.998.2600 ext. 533
awadas@lavidge.com

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