Minds + Machine Nets $1.68M Withdrawing From .App, .Soccer, & .Beauty

MindsAndMachinesMinds + Machines Group Limited announced that the Company has gained, in aggregate, net proceeds of US$1.68 million (approximately £1.1 million) following the withdrawal of its applications for .app, .soccer, and .beauty. .app was settled via an ICANN auction where the proceeds from the auction are provided directly to ICANN and not any of the auction participants, as with a private auction. The cash to the Group is net of auction fees and includes refunds that the Company will receive from ICANN for withdrawing its applications.

Separately, the Company’s client, dotBeauty LLC, has elected to withdraw its application for .casino following a private auction held late December 2014. The Company received no funds in relation to this.

Antony Van Couvering, CEO of Minds + Machines, commented:

We continue to take a disciplined and focused approach to maximising shareholder value from our portfolio of contested applications. We look forward to resolving, to our best advantage, the remaining 9 applications in which we have a commercial interest that are either contested or subject to community priority evaluation during the remainder of H1.

The directors are also pleased to confirm that the introduction of the Group’s content management and publishing services to consumers via its registrar operations remains on track for a Q1 phased launch.

Sold.Domains

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.

3 comments

  1. I do NOT trust M&M. They lie a lot and ammend domain renewals as they like. From supposedly USD50 to USD5000. It would be best to avoid their TLDs completely. Donuts is the best registry for ngTLDs. Donuts is the only registry that have very good TLDs and make available good quality keyword domain names for public to buy at a very affordable/reasonable price. Most other registries either block them or price them very very very expensive.

  2. Same here. I will not support M&M because they are really ruthless. My domain A.VODKA has been locked/blocked stating ‘Pending registry action’ for the past 7 months. They increased my domain renewal from USD 40+ to USD 5000 and until now I am not able to do any changes to the domain name!!!

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