ICANN announced that ISPREG LTD and SBNames Ltd have lost its accreditation for not renewing the Registrar Accreditation Agreement upon expiration.
Letters have been sent to each registrar outlining the decision and reason behind the decision.
You can read the letter sent to ISPREG LTD here .
You can read the letter sent to SBNames here .
Therefore,ICANN started a process to find another accredited resitrars to take over the domain names owned until now by ISPREG LTD and SBNames Ltd .
"We expect to identify a qualified registrar to receive domain names within 30 days; however, the process of identifying a qualified registrar and completing the transfer of registration information may, on occasion, take longer than expected. ICANN will post a notice on its website when a qualified registrar has been identified."
For more details check out www.icann.com .