21 Feb 2012 08:23
For immediate release:
21 February 2012
Top Level Domain Holdings Limited
("TLDH", the "Company" or "Group")
gTLD Application Update
The Directors of Top Level Domain Holdings Limited (AIM:TLDH.L), the only publicly traded company focused exclusively on acquiring and operating new generic top-level domains ("gTLDs"), are delighted to report that further to the announcement on 12 January 2012, the Company will shortly be purchasing a second batch of 20 application slots for new gTLDs from the Internet Corporation for Assigned Names and Numbers ("ICANN"), following which the total application slots purchased by the Company to date on behalf of itself and clients of Minds + Machines will amount to 40 (at an aggregate cost of US$200,000).
Under ICANN's rules, applicants for new gTLDs must first purchase an application slot, or placeholder, for each application for US$5,000 each which will then be deducted from the US$185,000 gTLD application fee. On 15 February 2012, ICANN stated that it had received 100 applications to date.
Peter Dengate Thrush, Chairman of TLDH, commented:
"We are delighted with the progress the Company is making and the quality of the applications on which we are working. The criteria ICANN has set are demanding and we therefore have to ensure we only support the most likely to be successful."
Further Information:
Top Level Domain Holdings Limited
North America
Antony Van Couvering Tel: + 1 917 406 7126
Beaumont Cornish Limited (Nomad) Tel +44 (0) 20 7628 3396
Roland Cornish
Michael Cornish
XCAP Securities plc (Joint Broker) Tel: +44 (0) 20 3216 2661/2667
Karen Kelly
Halimah Hussain
Daniel Stewart & Company plc (Joint Broker) Tel: +44 (0) 20 7776 6550
Martin Lampshire
gth media relations
Toby Hall /Suzanne Johnson Walsh Tel: +44 (0) 20 3103 3903/2
Or visit the group's website at www.tldh.org
About Top Level Domain Holdings Limited
Top Level Domain Holding is a publicly traded holding company listed on the London AIM market. The company is focused on the new top-level domain space. Top-level domains, such as .com, run by VeriSign (NASDAQ: VRSN), and .biz, run by NeuStar (NYSE: NSR), are regulated by ICANN. ICANN has announced plans to expand the number of top-level domains. TLDH intends to make targeted investments in this space, focusing on both infrastructure technologies and specific top-level domains.
About Minds + Machines, http://mindsandmachines.com
Minds + Machines is a registry services provider that works internationally with commercial organisations, cities, not-for-profits and entrepreneurs to secure and operate new web domains, known as top-level domains (TLDs). Minds + Machines is a wholly owned subsidiary of Top Level Domains Holdings, Ltd.
ENDS