Minds + Machines Group Limited New orders - US and Europe (6491C)

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: [phone] 
                                           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

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April 19, 2017 02:00 ET (06:00 GMT)