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Minds + Machines preparing for the US to come online

Toby Hall, chief executive of Minds + Machines Group Ltd (LON:MMX), says it remains committed to Asia while also focusing on Europe and the United States.

The company owns 25 top level internet domains (TLD)  including .yoga, .vip, .boston and .miami. and .london.  Hall says the.vip asset was the most successful new TLD ever launched in its first month with a lot of growth coming from Asia and in particular China. That success, the boss says, is “allowing us to engage in conversations about which other of our assets may be relevant for that market, and we’re pleased with the progress we’re having with those discussions.”

Europe is now the target audience while preparation is underway for when the US adopts domains other than .com, .net and .org.  “New TLD’s are a market of meaningful opportunity so we do see the US coming on online and are preparing ourselves to be part of that.”    

Minds + machines is the fourth largest portfolio player in the top level domain business and the aim is to be a profitable business.   “Our first goal is to make what we have work,” says Hall who twice emphasised the company is “heading in the right direction.”

Quick facts: Minds + Machines Group Limited

Price: 4.85 GBX

AIM:MMX
Market: AIM
Market Cap: £42.46 m
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Minds + Machines group Ltd 'very pleased' with growth in China

Top level internet domain registry business Minds + Machines Group Ltd (LON:MMX) has passed a major milestone in its Chinese business. The group said it has now performed more than half a million registrations in the People’s Republic for its .vip domain, which is not bad going, as it only...

on 11/08/2016

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