Minds + Machines Group Limited China and .boston updates (3768T)

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: [phone] 
 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

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October 12, 2017 02:00 ET (06:00 GMT)