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Uncontested applications increase to 23

26 Jun 2013 07:00

RNS Number : 8578H
Top Level Domain Holdings Ltd
26 June 2013
 



For immediate release

 

26 June 2013

 

TOP LEVEL DOMAIN HOLDINGS LIMITED

("TLDH" or the "Company")

 

gTLD portfolio update:

Uncontested applications increase to 23

 

The Directors of Top Level Domain Holdings (AIM: TLDH) are pleased to announce that the Company has resolved the contention for three of its gTLD applications - .fit, .science, and .review -following an agreement with gTLD investor Domain Venture Partners PCC Limited and its associates Platinum Registry Limited, dot Science Limited, dot Review Limited and Famous Four Media Limited. Each of TLDH's applications for the three gTLD strings in question were in contention with single competing applications by entities managed by Famous Four Media Limited.

 

As a result of the agreement, Platinum Registry Limited has withdrawn its application for .fit, leaving TLDH as the only applicant, and TLDH has withdrawn its applications for .science and .review in exchange for a revenue share in the .review registry to be operated by dot Review Limited.

 

TLDH now has interests in 23 uncontested applications, including 15 wholly/majority owned applications, 6 where it is acting as the registry service provider for client applications, 1 equal joint venture, and 1 where it will receive a minority revenue share. Of the remaining 63 applications which TLDH either wholly-owns, is a joint-venture partner, or is acting as the registry service provider, 7 are in contention with a single other applicant, 17 with two other applicants and 39 are in contention with three or more applicants.

 

Fred Krueger, chairman of TLDH, commented:

 

"We are highly encouraged by the progress being made in resolving those applications where there are one or more rival applications to our bid. We are well positioned for any private auction process that may arise for those strings that cannot be resolved through private discussion with competing applicants."

 

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.

About Domain Venture Partners

Domain Venture Partners PCC Limited is a Gibraltar Experienced Investor Fund set up in 2011 for the purpose of investing in applications for generic Top Level Domains under the ICANN application round in 2012.

 

ENDS

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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