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07|17|2010 10:12 am EDT

Minds + Machines Parents Posts Loss While Waiting for new gTLDs

by Frank Michlick in Categories: new gTLDs, Up to the Minute

Top Level Domain Holdings LogoThe 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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