Minds + Machines Group Limited New orders - US and Europe (6491C)
April 19 2017 - 2:00AM
UK Regulatory
TIDMMMX
RNS Number : 6491C
Minds + Machines Group Limited
19 April 2017
Embargoed until 07.00 on 19 April 2017
Minds + Machines Group Limited
("mmx" or the "Company")
New orders - US and Europe
Minds + Machines Group Limited (AIM: MMX), one of the world's
leading owners and operators of Internet Top-Level Domains
("TLDs"), is pleased to report orders for approximately 90,000
standard name registrations across certain of its US and European
facing top-level domains valued at approximately US$500,000.
These registrations represent a 37% increase to current
registration levels in MMX's US and European facing top-level
domains and will show on industry sites monitoring new gTLD
registrations such as nTLDStats (ntldstats.com) over the course of
the next twelve months.
It is expected that the registrations will be used to support
usage based initiatives in both regions rather than held for
investment related purposes by the underlying purchasers.
Toby Hall, CEO of MMX said:
"We have a significant portfolio of US and European facing TLDs.
The orders reported today demonstrate the organic traction we have
seen building in certain of our TLDs in these regions where
registrations to date have been primarily driven by businesses
wishing to use or own their names rather than domain name
investors. They also reflect the investment we have made over the
past quarter into developing our sales teams in these regions. We
are optimistic that the interest we are now seeing in standard name
registrations will in turn benefit premium name registrations over
the coming months."
Earlier this month MMX reported a 200,000 registration order in
its lead Asia facing TLD, .vip.
-ends-
For further information:
Minds + Machines Group Limited
Toby Hall, CEO Tel: +44 (0)
7713 341072
Michael Salazar, COO/CFO Tel: +1 (310)
740 7499
finnCap Ltd Tel: 020 7220
0500
Corporate finance - Stuart Andrews/Carl
Holmes/Simon Hicks
Corporate broking - Tim Redfern/Camille
Gochez
Belvedere Communications Limited Tel: +44 (0)
20 3567 0510
John West
Kim van Beeck
The information communicated in this announcement contains
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) No. 596/2014.
About MMX
Minds + Machines Group Limited (LSE: MMX) is the owner and
operator of a world class portfolio of top-level domain assets
(gTLDs). As a sales and marketing-led registry business, we are
focused on commercializing our portfolio in partnership with our
expanding global network of distribution partners.
The MMX portfolio is currently focused around geographic domains
(e.g. .london, .boston, .miami, .bayern), professional occupations
(e.g. .law, .abogado, and .dds), consumer interests (e.g. .fashion,
.wedding, .vip), lifestyle (e.g. .fit, .surf, .yoga), outdoor
activities (e.g..fishing, .garden, .horse) and generic names such
as .work and .casa. As a business, we work through our expanding
international network of registrars and distribution partners to
bring the benefits of affinity based domain addresses to B2B and
consumer audiences. For more information on MMX, please visit
www.mmx.co
This information is provided by RNS
The company news service from the London Stock Exchange
END
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