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Minds + Machines Group Limited picks up US$500,000 worth of domain orders

Published: 08:58 19 Apr 2017 BST

picture of pint
.beer is one of MMX's domain names

Minds + Machines Group Limited’s (LON:MMX) has received orders for 90,000 standard name registrations across its US and Europe facing top-level domains (TLDs).

The orders are worth approximately US$500,000 and represent a 37% increase on current registration levels in MMX's US and European portfolio.

Toby Hall, chief executive, said the orders reflected the regional traction for particular TLDs.

Registrations hadbeen driven by businesses wishing to use or own their names rather than domain name investors, he added. 

They also reflect the investment we have made over the past quarter into developing our sales teams in these regions.  We are optimistic that the interest we are now seeing in standard name registrations will in turn benefit premium name registrations over the coming months." 

Earlier this month MMX reported a 200,000 registration order in its lead Asia facing TLD, .vip.

Shares rose 4% to 10.9p.

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