(Webhosting.info) Company to offer 3% cash-back on auction bids and £7.50 rebate on successful domain registrations.

Hostway, a hosting service provider, today unveiled two special promotions for companies and individuals pre-registering for the .Asia domain name. It states that companies whose chosen .Asia domain names, go to the competitive auction process, will be given 3% cash-back on their auction bids, and in addition, all pre-registrants of .Asia domain name will receive a £7.50 rebate per successful domain name registration when purchasing one or more domain name with Hostway.

The company explained that when multiple registrants choose the same .Asia domain name, the .Asia registry body uses an auction process to allow companies to bid for their domain names. It also states that with 60% of the world population living in the Asia-Pacific region, and over 400 million Internet users, companies may be risking their pan-Asian brand identity if they fail to register and competitively bid for their domain name. This can result in the undermining of company trademarks and the expensive re-acquisition of the name later on.

The company declared that is offering two-year registrations for the .Asia domain name at £18.95, as well as a £2.95 yearly proxy service fee for companies based outside of the Asia-Pacific region but who still want to reserve a name. The offer ends February 19th, after which the Landrush phase will begin.

“As the largest top-level domain name release for several years, companies are faced with both an opportunity and a challenge,” said Thomas Herbert, product manager, Hostway. “The Asian market is seeing significant potential for growth at the moment, and most companies are keen to either expand to or target this region and acquire a region-specific domain name. However, Hostway understands that competition for domain names can be fierce, so we have launched these two promotions to support our customers.”