LONDON (Alliance News) - Minds + Machines Group Ltd Wednesday said it believes it is "strongly positioned" to compete in the remaining auction rounds for the eleven contested top-level domains it still has an interest in.
A generic top level domain is the suffix on a web address, such as .com, and the Internet Corporate for Assigned Names and Numbers has recently allowed for a cacophony of new generic top level domains to be launched.
Minds + Machines expects the remaining contested domains it is hoping to grab to be mainly resolved through the auction process before the end of the third quarter of 2015, and those that are not resolved in this way will go to an ICANN auction where ICANN retains the winning bidders' funds, rather than those funds being divided amongst the competing bidders.
Nineteen of the 34 uncontested domains it has a commercial interest in have been made generally available, Minds + Machines said, and have received 165,364 domain registrations as of Monday.
It expects registration revenues to build "significantly" in the second half of 2015 as new domains such as .law launch, and domain names that were launched in the second half of last year come up for renewal.
Additionally, it is currently undertaking final testing on its website building tool Mozart and other consumer services ahead of a formal launch, and is exploring opportunities for its portfolio of premium domains - or domain names that can be sold on the secondary market at a premium to normal rates.
It said it currently has a "significant inventory" of these premium names and sees "significant opportunities for recurring annual revenues in this area." It expects this to contribute in the second half of its current financial year.
Shares in Minds + Machines are trading up 2.2% at 8.30 pence Wednesday morning.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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