The Go Daddy Group Withdraws IPO Registration Statement

August 9, 2006; 01:38 AM

The Go Daddy Group, Inc. has withdrawn its Registration Statement on Form S-1 with the Securities and Exchange Commission and has determined not to proceed with the registration and sale of its Class A common stock at this time. No shares of the Company’s Class A common stock have been sold pursuant to the Registration Statement.

“Go Daddy has decided not to proceed with an IPO at this time due to adverse market conditions. With a war and escalating hostilities throughout the Middle East, skyrocketing oil prices and technology stocks once again taking a beating on Wall Street − now just isn't the right time for us,” said Bob Parsons, CEO and founder of The Go Daddy Group, Inc.

Today, in addressing most of his 1,200-plus employees, the outspoken CEO referenced numerous articles recently published in The Wall Street Journal, The New York Times and USA Today – all pointing to the recent poor performance of initial public offerings in general, and of technology stocks, in particular.

Parsons added, “We are fortunate to control our own destiny. Moving forward, we plan to continue to focus our efforts on growing our business and taking care of our customers, as we have always done. The withdrawal of our registration statement does not change the overall fundamentals of Go Daddy’s business, which remain quite strong.”

Go Daddy is having its best year in the company’s nine-year history. Go Daddy now has more than 14.7 million domain names under management. Just last week, www.NameIntelligence.com, a leading industry analyst group, reported that The Go Daddy Group’s portfolio is twice the size of its closest competitor.

Go Daddy also offers a variety of products and services for Internet users, including Web site hosting. According to www.Netcraft.com, another industry analyst, Go Daddy is North America’s largest hosting provider.

To see Parsons’ blog detailing his decision to withdraw the IPO, visit www.BobParsons.com. Parsons will also return to host his weekly radio show, www.LifeOnline.com, tomorrow night.

About The Go Daddy Group, Inc.
Go Daddy® is a leading provider of services that enable individuals and businesses to establish, maintain and evolve an online presence. Go Daddy provides a variety of domain name registration and Web site hosting services as well as a broad array of on-demand and other services. The Go Daddy Group is the world's largest domain name registrar, with approximately 14.6 million domain names under management as of June 30, 2006 and North America's largest shared Web site hosting provider. During the final six months of 2005, The Go Daddy Group registered approximately one-third of all domain names registered in the top five generic top-level domains, or gTLDs, including .com, .net, .org, .biz and .info.