SAN DIEGO, Feb. 28, 2011 (GLOBE NEWSWIRE) -- Dot VN, Inc.,
(http://www.dotvn.com) (OTC Trading Symbol:DTVI), an Internet and
Telecommunications Company and the exclusive online global domain name
registrar for the Country of Vietnam, announced today that its wholly
owned subsidiary, Hi-Tek Multimedia, Inc. has been designated as the
Vietnam Internet Network Information Centre's ("VNNIC") sole partner in
developing and managing Vietnam's native language internationalized
domain names ("Vietnamese IDNs").

Through this IDN management agreement with VNNIC (the "IDN Agreement"),
Dot VN has received approval to implement a new registration platform
and manage the development of the Vietnamese IDNs. Further, in
connection with the IDN Agreement, Dot VN will oversee the monetization
of the IDNs and creation of value added services related to the
development of the Vietnamese IDNs.

"When we started working with VNNIC over ten years ago, we never
imagined that the internet in Vietnam would grow as it did. The IDNs
are the next evolution in the Vietnamese Internet and we are honored by
VNNIC's trust in us. Dot VN is fully committed to ensuring the
successful launch and long term success of the Vietnamese IDNs," said
Dot VN President Lee Johnson.

Historically, Vietnam's Internet growth has proven to be incredibly
strong as evidenced by the exponential increase in the number of
Internet users in Vietnam. In 2000, there were 430,000 Internet users.
VNNIC's most recent statistics as of December 2010 show that there over
26.7 million internet users, an increase of over 6,100 percent in just
ten years. Indeed, Vietnam's remarkable growth has propelled it into
the top 20 Countries in terms of internet usage trailing only slightly
behind Canada according to a recent report by Pingdom, a U.S. based
website monitoring service. The Vietnamese IDNs are expected be
available for registration by the end of April and will be open both
domestically and internationally to all individuals, corporations or
organizations that are interested in securing a Vietnamese native
language domain name.

"We are preparing for a strong response to the new class of native
language domains as it gives the over 90 million Vietnamese speakers
world wide the opportunity to interact with the internet in their
native tongue, It will also allow local and global advertisers the
ability to interact with clients and customers in their native
Vietnamese," said Dot VN's Chief Executive Officer, Thomas M. Johnson.
"Recent IDN launches by other countries have been well received and it
is my hope that we can follow the Russian IDN's example of over 760,000
domains registered since its launch in November of 2010."

Vietnam Internet Network Information Centre ("VNNIC"),
(www.vnnic.net.vn) is an agency of the Ministry of Information and
Communication ("MIC") of Vietnam. VNNIC was founded on April 28, 2000,
and carries out the functions of managing, allocating, supervising and
promoting the use of Internet domain names, addresses, autonomous
system numbers in Vietnam, providing Internet-related guidance,
statistics on Internet usage, and representing Vietnam at Internet
related events.

About Dot VN:

Dot VN, Inc. (www.DotVN.com) provides innovative Internet and
Telecommunication services for Vietnam and operates and manages
Vietnam's innovative online media web property, www.INFO.VN. The
Company is the "exclusive online global domain name registrar for .VN
(Vietnam)." Dot VN is the sole distributor of Micro-Modular Data
Centers(TM) solutions and E-Link 1000EXR Wireless Gigabit Radios to
Vietnam and Southeast Asia region. Dot VN is headquartered in San
Diego, California with offices in Hanoi, Danang and Ho Chi Minh City,
Vietnam. For more information, visit www.DotVN.com.

Forward-Looking Statements:

Statements in this press release may be "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of
1995. Words such as "anticipate," "believe," "estimate," "expect,"
"intend" and similar expressions, as they relate to Dot VN or its
management, identify forward-looking statements. These statements are
based on current expectations, estimates and projections about Dot VN's
business based, in part, on assumptions made by management. These
statements are not guarantees of future performance and involve risks,
uncertainties and assumptions that are difficult to predict. Therefore,
actual outcomes and results may, and probably will, differ materially
from what is expressed or forecasted in such forward-looking statements
due to numerous factors, including those described above and those
risks discussed from time to time in Dot VN's filings with the
Securities and Exchange Commission. Factors that could materially
affect these forward-looking statements and/or predictions include,
among other things: (i) our limited operating history; (ii) our ability
to pay down existing debt; (iii) unforeseen costs and expenses; (iv)
potential litigation with our shareholders, creditors and/or former or
current investors; (v) Dot VN's ability to comply with federal, state
and local government regulations in the US and foreign countries; (vi)
Dot VN's ability to maintain current agreements with the government of
Vietnam and enter into additional agreements with the government of
Vietnam; and (vii) other factors over which we have little or no
control. In addition, such statements could be affected by risks and
uncertainties related to product demand, market and customer
acceptance, competition, pricing and development difficulties, as well
as general industry and market conditions and growth rates and general
economic conditions. Any forward-looking statements speak only as of
the date on which they are made, and Dot VN does not undertake any
obligation to update any forward-looking statement to reflect events or
circumstances after the date of this release. Information on Dot VN's
website does not constitute a part of this release.


CONTACT: Thomas M. Johnson, Chairman and CEO
         Dot VN, Inc.
         Phone: 858-571-2007 x14
         Email: Inquiries@DotVN.com
         Website: www.DotVN.com, www.en.INFO.VN
         Register your ".vn" domains at:  www.VN