27th Oct 2014 08:42
LONDON (Alliance News) - CentralNic Group PLC Monday said its client Top Level Design LLC has successfully acquired the rights to the new top-level domain .DESIGN, and as a result it has been awarded exclusive global distribution rights to .DESIGN domain names.
A top level domain name is the suffix of an internet address such as .com or .net which are designated to approved organisations by the Internet Corporation for Assigned Names and Numbers. ICANN has only allowed a relatively small number of domains until now, such as .com, .org and .gov, but following a change of rules governing domain names it is now allowing a plethora of new domains.
CentralNic is the technology platform which exclusively powers .DESIGN domains and makes them available to domain retailers globally. It will therefore take a share in the revenues from the subscription sales of all .DESIGN domain names.
CentralNic said Monday that .DESIGN will initially be made available to trademark holders in the first quarter of 2015 and will become available to the general public for purchase in the second quarter of that year.
It said .DESIGN will serve many industries including lighting design, sound design, software design, and a number of creative fields.
"It has impressive commercial potential, and it will be adopted more quickly than many other TLDs as it caters, among many other groups, to one of the best-informed professions on new Internet developments - website designers," said Chief Executive Ben Crawford in a statement.
The company's shares were untraded early Monday at 46.00 pence.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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