Minds + Machines Group Limited Approval and launch of new TLDs in China (5223U)
July 13 2018 - 1:00AM
UK Regulatory
TIDMMMX
RNS Number : 5223U
Minds + Machines Group Limited
13 July 2018
For immediate release: 7.00 a.m., 13 July 2018
Minds + Machines Group Limited
("MMX" or the "Company")
Approval and launch of new TLDs in China
.fashion, .fit, .yoga and .luxe
Minds + Machines Group Limited (AIM: MMX), one of the world's
leading owners and operators of Internet Top-Level Domains
("gTLDs"), is delighted to announce that they have received
approval from MIIT, the Chinese regulator, for the future release
of a new batch of gTLDs into China: .fashion, .fit, .yoga and
.luxe.
The Company already owns a number of successful domains launched
in the region, with .vip registrations now standing at close to
900,000. MMX recently reported that manual renewals for registered
.vip names in China were running in excess of 75% making it, the
directors believe, the top performing mass new gTLD launched in the
country to date.
Three of the newly approved strings are based around lifestyle
and come soon after the recent launch of . (.shopping) which the
directors are pleased to report is performing well. MMX believes
there will be benefits to the Group by introducing these three
extensions, already released in the west, into the region over the
next 12 months.
Separately, .luxe will be introduced into the region in Q4 2018
as part of a broader global launch of this new top-level
domain.
Toby Hall, CEO of MMX, commented,
"Based on our experience of working with China's major
technology companies, notably Alibaba and Tencent Cloud, the
provisioning of domain names is viewed as an important mechanism
for bringing SMEs into their cloud-based universes for the delivery
of future services. We expect .fashion, .fit,and .yoga to benefit
from this trend as well as the from the internationalisation of
Chinese businesses as they increasingly look to market themselves
overseas.
"Plans are likewise well advanced for the international launch
of .luxe and we intend to update shareholders on the formal launch
schedule in due course."
-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 Tel: +44 (0)20
7220 0500
Corporate finance - Stuart Andrews/Carl
Holmes/Simon Hicks
Corporate broking - Tim Redfern/ Richard
Chambers
Belvedere Communications Limited Tel: +44 (0) 20
3567 0510
John West
Llew Angus
About MMX
Minds + Machines Group Limited (LSE: MMX) is the owner and
operator of a world class portfolio of 32 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. The Company also recently acquired the ICM
portfolio of four high value, niche TLDs. As a business, we work
through our expanding international network of registrars and
distribution partners to bring the benefits of affinity based
domain addresses and identifiers to B2B and consumer audiences. For
more information on MMX, please visit www.mmx.co
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END
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