Minds + Machines Group Limited provided an update on its portfolio of generic top-level domains and registrar operations ahead of the Company’s year-end financials.
The purpose of the update is to: provide shareholders with a better understanding of the Group’s existing portfolio of top level domains; identify which top level domains remain in contention and expected timings for their resolution; as well as to provide an overall view of the total number of registrations the Company is managing. Going forward, the Company will provide a quarterly update of total registrations across its portfolio of domains.
In total, 19 of the 34 uncontested domains in which the Group has a commercial interest have so far entered General Availability and have received 165,364 registrations as of 20 April 2015. Since 1 January 2015, the Company’s portfolio has achieved over 63,000 registrations.
Full Article: http://onlinedomain.com/2015/04/23/...es-with-only-63000-domains-over-13-new-gtlds/Antony Van Couvering, CEO of Minds + Machines, commented:
We believe the Group is strongly positioned to compete in the remaining auction rounds. We are likewise encouraged by the Group’s ability to have grown its cash reserves since 31 December whilst completing 7 top-level domain launches during that period. Our focus is now on the successful commercialisation of those domains already launched and the phased launch programme for our remaining domains to maximise the penetration of each in their given markets.