From January 2012 companies will be able to utilize their website domain name as a marketing tool after new suffixes have been approved by the Internet regulator ICANN.
Companies will be able to apply for any domain name in any language for a fee of $185,000.
At the moment there are 22 Internet domain name suffixes; including .com, .co.uk, .org, .net.
With this announcement companies can select their preference, potentially any word in any language, including .cisco, .apple, .coke, .hp.
This will appeal to not only companies but also regions, cities and destinations.
These generic top-level domain names will change the way people find information on the Internet and how businesses plan and structure their online presence.
The Internet will dramatically change as a result; ensuring an opportunity for innovation and creativity.
Hardware.com