2 Jul 2015 07:00
RNS
For immediate release
2 July 2015
Minds + Machines Group Limited
("MMX", the "Company" or "Group")
.work update
Minds + Machines Group Limited (LSE:MMX), the publicly quoted owner and operator of Internet top-level domains, is pleased to announce that registrations within .work have now passed 55,000 positioning it in the top 20 of new top-level domains launched under ICANN's new gTLD programme.
The Company is also pleased to report the sale of the Premium Name "net.work" for US$100,000 (£62,500) as a result of the Group's direct sales team activity. The price charged is for the first year usage, a significant annual renewal fee then applies.
In total, over 430 Premium Names have been sold in the .work domain to date.
Antony Van Couvering, CEO of Minds + Machines, commented:
"We are very pleased with the traction our pricing strategy is having in the market for broad generic names such as .work with low-cost incentives driving volume and high-value/lower volume premium names driving revenue. We will look to continue building on this momentum across our portfolio."
During the month of June, Minds + Machines ran a heavily discounted promotion on .work through the registrar channel.
Separately, the Company operates a direct sales programme for its significant portfolio of Premium Names. Under the programme, Minds + Machines' portfolio of Premium Names is segmented into eight tiers with Minds +Machines' direct sales teams focused on selling those names of higher value.
Further Information:
Minds + Machines Group Limited
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)
Shaun Dobson/Ben Wright Tel: +44 (0)20 7496 3000
gth media relations
Toby Hall Tel: +44(0)20 7822 7493 / +44 7713 341072
For further information, please go to http://investors.mindsandmachines.com
About Minds + Machines
Minds + Machines (LSE:MMX) is a leading owner and operator of new generic Top Level Domains ("gTLDs"), and provides registry services to a range of high-profile clients. The Group also provides domain name services to consumers through its wholly owned registrar operations in the US and Europe. For more information on Minds + Machines and its services and companies within the Group, please go to http://investors.mindsandmachines.com.
ENDS