The Directors of Top Level Domain Holdings Limited (AIM:TLDH.L), the only publicly traded company focused exclusively on acquiring and operating new generic top-level domains ("gTLDs"), report that further to the announcement on 12 January 2012, the Company will shortly be purchasing a second batch of 20 application slots for new gTLDs from the Internet Corporation for Assigned Names and Numbers ("ICANN"), following which the total application slots purchased by the Company to date on behalf of itself and clients of Minds + Machines will amount to 40 (at an aggregate cost of US$200,000).
Under ICANN's rules, applicants for new gTLDs must first purchase an application slot, or placeholder, for each application for US$5,000 each which will then be deducted from the US$185,000 gTLD application fee. On 15 February 2012, ICANN stated that it had received 100 applications to date.
"We are delighted with the progress the Company is making and the quality of the applications on which we are working," says Peter Dengate Thrush, Chairman of TLDH. "The criteria ICANN has set are demanding and we therefore have to ensure we only support the most likely to be successful."
About Top Level Domain Holdings Limited
Top Level Domain Holding is a publicly traded holding company listed on the London AIM market. The company is focused on the new top-level domain space. Top-level domains, such as .com, run by VeriSign (NASDAQ: VRSN), and .biz, run by NeuStar (NYSE: NSR), are regulated by ICANN. ICANN has announced plans to expand the number of top-level domains. TLDH intends to make targeted investments in this space, focusing on both infrastructure technologies and specific top-level domains.
About Minds + Machines
Minds + Machines Group Limited is a publicly traded holding company listed on the AIM market of the London Stock Exchange focused on the new generic top-level domain (New gTLD) space. Top-level domains, such as .com and .net are regulated by ICANN. ICANN is currently expanding the number of new generic top-level domains from the current 23 to over 1000 through its 'New gTLD program'. The Group is one of the leading applicants for new gTLDs under this programme. (Learn More)
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