In the announcement regarding the re-issue of the contract, it is stated that the contract is awarded to maintain the continuity and stability of services related to certain interdependent internet technical management functions, known collectively as the Internet Assigned Numbers Authority (IANA).
The anticipated period of performance of this contract is October 1, 2012 - September 30, 2015.The continued performance of these functions is critical to preserving the stability and security of the Internet's Domain Name System.
The original tender was abandoned in March with the no proposals meeting the requirements, although the NTIA did not say if they received any bids, even from ICANN. ICANN's CEO and president, Rod Beckstrom, also refused to say if ICANN had submitted a bid at their meeting in Costa Rica at the time.
Source from http://www.domainnews.com
About Eranet
Todaynic.com International Limited(Eranet.com) was incorporated in Hong Kong in 2005, directly under Todaynic.com, Inc. which was established in 2000. As one of the first ICANN (The Internet Corporation for Assigned Names and Numbers), Verisign,HKDNR, and CNNIC (The China Internet Network Information Center) accredited registrars, Eranet is also a leading provider ofservices in domain name registration,web hosting and Email.
Now the .asia domain in Eranet only cost 6.9 USD for the first year
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