30 Apr 2014 07:01
For immediate release
30 April 2014
Minds + Machines Group Limited
("MMX", the "Company" or "Group")
.garden and .yoga secured in private auction
.london successfully launched
The Directors of Minds + Machines Group Limited (AIM:MMX) are delighted to announce that following the private auctions held last week for .deals, .garden, .property and .yoga, the Company has secured the uncontested application rights for .garden and .yoga. The net cost to the Company for securing the sole application status for .garden and .yoga was approximately $5.97 million (circa £3.6 million), once the proceeds of the .deals and .property private auctions are taken into account. The above figure includes the rebates that the Company will receive from ICANN for withdrawing its applications for .deals and .property and commissions payable to the auctioneer.
The Directors believe that Minds + Machines' current portfolio of 28 uncontested applications in which it now has a commercial interest is one of the leading portfolios to have been developed through the new gTLD programme.
Fred Krueger, Chairman of Minds + Machines, commented:
".garden and .yoga are major asset wins for the Group as both represent activities that people are passionate about - we believe this will become an important factor in the adoption of new domains. We look forward to continuing to expand our portfolio through the private auction process while at the same time maintaining our cash reserves."
.london launch
The Directors are also delighted to announce that .london, the new top-level domain of its client Dot London, successfully launched yesterday afternoon.
Minds + Machines is the commercial partner of Dot London and, through Minds and Machines Limited (UK), is the Registry Service Provider of the .london domain. Minds + Machines is also one of the official registrars through which businesses, organisations and individuals can now apply for a web address ending in .london. A full copy of Dot London's announcement can be accessed at http://www.dotlondondomains.london/2014/04/new-dot-london%E2%80%A6ns-of-interest/.
Further Information:
Minds + Machines Group Limited
North America
Antony Van Couvering Tel: +1 310 452 1491
Beaumont Cornish Limited (Nomad) Tel: +44 (0)20 7628 3396
Roland Cornish / Michael Cornish
N+1 Singer (Broker)
Matt Thomas/Shaun Dobson Tel: +44 (0)20 7496 3000
gth media relations
Toby Hall/Suzanne Johnson Walsh Tel: +44(0)20 7822 7493/92
For further information, please go to www.mindsandmachines.com/investors
About Minds + Machines Group Limited
Minds + Machines Group Limited is a publicly traded operating company listed on the AIM market of the London Stock Exchange focused on the new generic top-level domain ('New gTLD') space. Top-level domains, such as .com and .net, are regulated by ICANN. ICANN is currently expanding the number of new generic top-level domains from the current 23 to over 1000 through its 'New gTLD program'. The Group is one of the leading applicants for, and owner and/or operator of, New gTLDs under this programme.
About Minds + Machines' Registry and Registrar operations
Minds + Machines' registry operations are delivered by its wholly owned registry services providers: Minds + Machines Limited (Ireland), which works internationally with commercial organisations, cities, not-for-profits and entrepreneurs to operate New gTLDs; and Minds and Machines Limited (UK), which partners with the official promotional organization for London, London & Partners, to operate the .london New gTLD. In addition, the Group wholly owns Minds + Machines Registrar Limited (Ireland) and Minds and Machines Registrar UK Limited, each an ICANN accredited registrar. Further information on Minds + Machines' registry and registrar operations can be found at www.mm-registry.com and www.mindsandmachines.com, respectively.