Top Level Domain Holdings, parent company of Minds+Machines and trademark holder for a number of potential new TLDs has proposed a new placing allowing them to raise an additional £3m. In their corresponding filing, Antony van Couvering is quoted as saying:
“H
aving reviewed ICANN’s Final Proposed Applicant Guidebook, and in view of the ICANN Board’s historic decision to do away with cross-ownership restrictions between registries and registrars, we believe that the timing is right for additional investment by TLDH. ICANN’s registry-registrar decision means that additional gTLD business models are now viable, and we have already seen a marked increase in interest from prospective new clients. We intend to make sure we have the resources to take advantage of this opportunity.”
The company has been pretty much in a holding pattern waiting for ICANN to finalize their plans for new TLD releases. TLDH had posted a loss for their previous year.
[via StockMarketWire]
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The parent company of Minds + Machines, Top Level Domain Holdings [AIM: TLDH] reported their revenue for the period to the end of April with £32,000 ($49,000), with a loss of £462,000 ($708,000). The company is pretty much in a holding pattern until the release of the new gTLDs by ICANN and is expecting finalization of ICANN’s new gTLD Applicant Guidebook by November and is hoping for the opening of the first round at the ICANN Meeting in December. The company still has almost £4m in cash and equivalents and appears to have been bootstrapping operations. One of the former key-employees, Jothan Frakes, is not with the company any more. Potential threats to the company could be further delays of the release of new gTLDs through litigation.
[via DomainIncite]
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Top Level Domain Holdings, Ltd., has announced that it has raised $4.1 million in a private placement.
TLDH is currently invested in Minds + Machines, dotNYC, and DotEco and is expected to provide further funding to these initiatives in addition to supporting new TLDs and building up a reserve fund for eventual ICANN auctions in case of contending applications.
[via Minds + Machines]
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DomainConvergence | August 12-13, 2009 | Toronto, ON, Canada
Keynote speakers: The Castello Brothers on "Branding your Domain"
Christian Heilmann, Developer Evangelist, Yahoo!
