Is ISOC financially prepared to support .ORG?
Yes. We have arrangements in place that will allow us to fulfill our responsibilities to .ORG without financial difficulty, and both ISOC and Afilias (our chosen back-end service provider) are in a sound position to implement the bid in a timely and secure manner. As our proposal states, PIR will be a separate legal entity, it will have a separate Board and distinctly separate operations. PIR, not ISOC, will enter into the registry management agreement with ICANN, will carry out the registry functions and will have no financial dependence on ISOC, and vice versa. The agreement between Afilias and PIR will ensure that adequate funds are available to support the transition. Under the terms of our agreement, Afilias will cover the start-up and transition costs and will be repaid by PIR for these expenses over the course of our agreement. Also, .ORG is scheduled to transition to its new manager on January 1, 2003. From that day forward, the new .ORG manager (PIR if ISOC is selected) will c
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