Minds + Machines Group Limited China and .boston updates (3768T)
October 12 2017 - 1:00AM
UK Regulatory
TIDMMMX
RNS Number : 3768T
Minds + Machines Group Limited
12 October 2017
For Immediate release: 12(th) October 2017
Minds + Machines Group Limited
("MMX" or the "Company")
China and .boston updates
Minds + Machines Group Limited (AIM: MMX), one of the world's
leading owners and operators of Internet Top-Level Domains
("gTLDs"), is pleased to announce that, following on from the
success of launching .vip in China, an initial batch of four of its
top-level domains have been granted approval by the Chinese
regulator, MIIT, for use in China.
MMX now has five of its extensions approved by the Chinese
government - .vip, .law, .work, .beer and . (shopping), with a
further four currently still going through the MIIT approval
process.
The Company will announce the release schedule on the newly
approved top-level domains for the Chinese market in due
course.
The Company's Chief Executive, Toby Hall, who yesterday gave a
key-note speech on the domain industry at the prestigious Alibaba
event 'The Computing Conference' in Hangzhou, which is regularly
attended by over 40,000 delegates, said:
"We are greatly honoured to be the first western registry to
receive a second round of approvals from MIIT. China accounts for
over half of global registrations in new gTLDs and from a revenue
perspective it is important for the Company to have a dominant
position in this market."
Separately, the Company reports that the launch of .boston is
progressing and the domain successfully entered General
Availability on 10 October 2017, with over 2,000 registrations
being made in the first six hours and approximately $100,000 of
billings already booked.
-ends-
The information communicated in this announcement contains
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) No. 596/2014.
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
Corporate finance - Stuart Andrews/Carl Tel: 020 7220
Holmes/Simon Hicks 0500
Corporate broking - Tim Redfern/Camille
Gochez
Belvedere Communications Limited
John West Tel: +44 (0)
Kim van Beeck 20 3567 0510
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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