Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from the line of Katherine Egbert – Jefferies & Company
Katherine Egbert – Jefferies & Company
I just want to clarify on the guidance, did you say you are going to be on the lower end of your previous revenue range for 2009?
Jeff Ganek
No, I was adding some color as to be EBITDA margins. We were going to do 40%, we are promising 40%, at least 40% EBITDA even if revenue comes in at the low end of the range and at the low end of the range we are saying that the non-NPAC services would remain flat, growth year-over-year would be flat.
Katherine Egbert – Jefferies & Company
So you are reiterating the 460 to the 490?
Paul Lalljie
Yes.
Operator
Your next question comes from the line of Tom Ernst – Deutsche Bank
Tom Ernst – Deutsche Bank
On your emerging segments, on the number portability side how is your pipeline for international projects?
Jeff Ganek
We as you know are the local portability provider in Taiwan as well as Brazil, there is activity in various countries around the world where they may choose and establish a local number portability provider, for example in the UK and India we are monitoring those situations. As I have said on these calls in the past we believe that national local number portability franchise is but one way and not the only way, maybe not even the best way to extend our services across national borders and worldwide. In fact our pathfinder platform and franchise with the GSM association may be a more potent strategy towards worldwide expansion.
But to directly respond to your question we are monitoring local number portability franchise opportunities, none of those is imminent.
Tom Ernst – Deutsche Bank
On the DNS side where are you seeing the major initiatives and is the macro environment actually helping or hurting?
Jeff Ganek
Our DNS business, the registry business, grew at a good rate last year. There is talk within the [Ican] community of introduction of new Internet domains. We are active in those considerations and if [Ican] gets around to deploying or establishing new domains we expect to be a prominent player. Perhaps more important is the growth we are seeing in our ultra-business where we are providing DNS and related services to enterprises worldwide. That business grew at a very a very fast rate last year but we see that there is continued unmet demand on the part of e-commerce and complex Web services providers, for traffic management, for load balancing, for security and as a result our revenues grew 40% in 2008 over the prior year.
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