2 Aug 2013 07:00
For Immediate Release
2 August 2013
Top Level Domain Holdings Limited
("TLDH" or the "Company")
Tucows Agreement: .STORE, .TECH, .GROUP
The directors of TLDH (AIM: TLDH) are pleased to announce that the Company has entered into an agreement with Tucows, Inc., a leading global domain name and Internet services provider, to partner in the anticipated auctions for the .STORE, .TECH and .GROUP top-level domains.
TLDH had no previous interest in .GROUP, while Tucows had no previous interest in .TECH and .STORE. TLDH will acquire an initial majority interest in .GROUP, and Tucows will acquire an initial minority interest in .TECH and .STORE. The final percentages of equity ownership in each domain will be determined by the amounts contributed by each party at the respective auctions.
In each instance, the registry services for the three domains will be provided by TLDH's subsidiary Minds + Machines Limited (Ireland) where the companies are successful at auction. It is anticipated that the auctions will take place in the August-November period this year. Besides Tucows or TLDH, there are at present 4 applicants for .GROUP, 5 applicants for .TECH, and 6 applicants for .STORE. Tucows had previously contracted with TLDH for the provision of registry services for five of its new top-level domains.
Antony Van Couvering, Chief Executive Officer of TLDH, commented:
"We are extremely pleased to be partnering with Tucows. By combining our financial resources on these three domains not only are our chances of success improved in the auction round, but TLDH has the opportunity to acquire an interest in an additional top-level domain, .GROUP."
Further Information:
Top Level Domain Holdings 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) Tel: +44(0)20 7496 3000
Shaun Dobson/Matt Thomas
gth media relations
Toby Hall /Suzanne Johnson Walsh Tel: +44(0)20 7822 7493/2
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 AIM market of the London Stock Exchange. The company is the only publicly traded company exclusively focused on the new top-level domain space. Top-level domains, such as .com and .net are regulated by ICANN. ICANN is expanding the number of new generic top-level domains from the current 22 to over 1000. TLDH is making 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 top-level domains (TLDs). Minds + Machines is a wholly owned subsidiary of Top Level Domains Holdings Limited.
ENDS