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.
For further information, please contact:Minds + Machines Group Limited | |
North America | |
Antony Van Couvering | Tel: +1 310 452-1491 |
Beaumont Cornish Limited (Nomad) | |
Roland Cornish/Michael Cornish | Tel: +44 (0)20 7628 3396 |
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 |
For further information, please go to investors.mindsandmachines.com
About Minds + Machines Group LimitedMinds + Machines Group Limited is a publicly traded holding 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 new gTLDs under this programme.
About Minds + Machines' Registry and Registrar operationsMinds + Machines' registry operations are provided through 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.www.mm-registry.com and www.mindsandmachines.com respectively.
distributed by |