Top Level Domain Holdings (Minds+Machines) Report: 92 gTLD applications, $15,000,000 additional funding raised

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”), announced its audited results for the fourteenmonth period ended 31 December 2012 (the “Period”).

Period Highlights

  • 92 gTLD applications lodged on behalf of the Company and its clients;
  • £420,000 of revenue generated in the period (2011: £54,000);
  • cash and cash equivalents at 31 December 2012 of £2,418,000 (2011: £7,074,000); and
  • Company expects to see the first of its domains become operational in 2013 generating significant cash inflow opportunities for the Company in 2013.

Post Period Highlights

  • 4 gTLD applications submitted for withdrawal from the gTLD program – once the withdrawals are processed the total applications lodged will be 88;
  • following completion of ICANN’s string similarity review, TLDH and its clients have a total of 21 uncontested applications of its remaining 88;
  • 2 gTLD applications – 购物 (“shopping”) and .网址 (“site”) – have passed Initial Evaluation;
  • up to $15,000,000 (£9.9M) additional funding raised to support the bid for one of its contested applications;
  • joint venture formed with the only other applicant for the .country gTLD ensuring that the Company will receive revenue from this contested string when launched; and
  • core registry operations are being set up in Dublin, with additional operations being managed out of London to support .London.

Executive Chairman, Fred Krueger, commented:

The directors believe that TLDH is now very well positioned to participate in the expansion of the Internet and we look forward to playing our part in creating a vibrant new wave of innovation, consumer choice and wealth creation on the Internet as a result of the gTLD program. The introduction of new gTLDs will create significant opportunities in both direct investment and service revenues for the Company.

A full copy of the Company’s audited results, which are being posted to shareholders shortly, is available here

About Top Level Domain Holdings Limited
Top Level Domain Holdings 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 is a registry services provider that works internationally with commercial organisations, cities, not-for-profits, and entrepreneurs to secure and operate new web domains, known as top-level domains (TLDs). Minds and Machines Limited is a wholly owned subsidiary of Top Level Domains Holdings Limited.

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About Konstantinos Zournas

Konstantinos studied Computer Engineering and Computer Science in London and lives in Athens, Greece. He works on domain names, websites and software development. Has been online since 1995 & domaining since 2002.

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