Tucows 2015 Annual Report Download - page 34
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We may not be able to realize the intended and anticipated benefits that we currently expect from our acquisition
of expiring domain names. These intended and anticipated benefits include increasing our cash flow from operations,
broadening our Internet service offerings and delivering services that strengthen our reseller relationships.
Factors that could affect our ability to achieve these benefits include:
• A significant amount of revenue attributed to our domain name assets comes from the provision of personalized
email services and the generation of revenue from third party advertisements on parked pages. Some of our
existing resellers who provide similar services may perceive this as a competitive threat and therefore may
decide to terminate their agreements with us because of our acquisitions of a substantial number of expiring
domain names.
• We will need to continue to acquire commercially valuable expiring domain names to grow our presence in the
field of direct navigation. We will need to continuously improve our technologies to acquire valuable expiring
domain names as competition in the marketplace for appropriate expiring domain names intensifies. Our domain
name acquisition efforts are subject to rules and guidelines established by registries which maintain Internet
domain name registrations and other registrars who process and facilitate Internet domain name registrations.
The registries and registrars may change the rules and guidelines for acquiring expiring domains in ways that
may prove detrimental to our domain name acquisition efforts.
• The business of direct navigation is dependent on current technologies and user practices. If browser or search
technologies were to change significantly, the practice of direct navigation may be altered to our disadvantage.
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