Minds + Machines Wins Auctions For .Garden & .Yoga Loses .Deals & .Property & Pays $5.97M

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The Directors of Minds + Machines Group Limited (AIM:MMX) are delighted to announce that following the private auctions held last week for .deals, .garden, .property and .yoga, the Company has secured the uncontested application rights for .garden and .yoga.

The net cost to the Company for securing the sole application status for .garden and .yoga was approximately $5.97 million (circa £3.6 million), once the proceeds of the .deals and .property private auctions are taken into account.

The above figure includes the rebates that the Company will receive from ICANN for withdrawing its applications for .deals and .property and commissions payable to the auctioneer.

The Directors believe that Minds + Machines’ current portfolio of 28 uncontested applications in which it now has a commercial interest is one of the leading portfolios to have been developed through the new gTLD program

The Losing applicant of .Garden was Uniregistry.

The Losing applicants of .Yoga were Uniregistry and Donuts

The Winning Applicant for .Deals was Donuts with Radix also withdrawing their application

The Winning Applicant for .Property was Donuts

About Michael Berkens

Michael Berkens, Esq. is the founder and Editor-in-Chief of TheDomains.com. Michael is also the co-founder of Worldwide Media Inc. which sold around 70K domain to Godaddy.com in December 2015 and now owns around 8K domain names . Michael was also one of the 5 Judges selected for the the Verisign 30th Anniversary .Com contest.