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11|25|2010 03:42 pm EDT

Top Level Domain Holdings Wants to Raise more Money for new TLDs

by Frank Michlick in Categories: Up to the Minute

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:

“Having 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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