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Top Level Domain Hdg (TLDH)

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Friday 30 September, 2011

Top Level Domain Hdg

.Dot Eco LLC will apply for .eco gTLD

RNS Number : 2363P
Top Level Domain Holdings Ltd
30 September 2011
 



For immediate release:

0700hrs 30 September 2011

 

Top Level Domain Holdings Limited

("TLDH", the "Company" or "Group")

 

.Dot Eco LLCwill apply for .eco gTLD

 

The Directors of 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"), confirm that Dot Eco LLC, in which TLDH holds a 25% interest, will apply for the .eco gTLD in the application window next year. Dot Eco LLC continues to enjoy the strong support of major environmental groups with millions of members.

 

Under the Internet Corporation for Assigned Names and Numbers' ("ICANN") rule book for gTLD applications, an auction will be used as a final tie-breaker where there are contending applications for the same proposed gTLD, except for specific groups or associations who can demonstrate that the gTLD uniquely represents their community. The Board believes that no .eco application can be classified as such a non-compete community gTLD and the award therefore of the .eco gTLD will be ultimately settled by an agreement between the competitors, or failing that by an auction.

 

Peter Dengate Thrush, Chairman of Top Level Domain Holdings, said:

 

"The non-compete benefits reserved for certain gTLD applications from true communities are there to protect specific groups or associations who can genuinely claim to represent a given name or descriptor. It is not an invitation to start a race for celebrity endorsement, which will have no material impact on the application process.  As a result, we believe the Dot Eco LLC consortium is exceptionally well placed to compete in every respect of its .eco application and run that gTLD in a meaningful manner. We are therefore delighted to continue give it our full infrastructural and financial support."

 

Antony Van Couvering, CEO of Top Level Domains Holdings, added:

 

"While the association of celebrities with a proposed gTLD may be useful for groups needing to attract investment, what ICANN requires for a winning application is a solid business plan from a robust operator that is able to meet the stringent requirements for successfully running a critical piece of Internet infrastructure.  Dot Eco LLC has that as well as a real plan to provide significant funding to groups working to protect our planet."

 

 

Further Information:

 

Top Level Domain Holdings Limited            

North America

Antony Van Couvering                                                   Tel: + 1 917 406 7126

 

gth media relations

Toby Hall /Christian Pickel                                             Tel: +44 (0) 20 3103 3902/3

 

Or visit the group's website at www.tldh.org

 

About Top Level Domain Holdings Limited

Top Level Domain Holding 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, http://mindsandmachines.com

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 + Machines is a wholly owned subsidiary of Top Level Domains Holdings, Ltd.

 

ENDS

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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