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Joint Venture with Uniregistry for .COUNTRY

29th Apr 2013 07:00

RNS Number : 4083D
Top Level Domain Holdings Ltd
29 April 2013
 



For Immediate Release 29 April 2013

 

 

Top Level Domain Holdings Limited

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

 

Joint Venture with Uniregistry for .COUNTRY

 

The Board of Directors of Top Level Domain Holdings (AIM:TLDH) are pleased to announce that it has signed a term sheet with Uniregistry to operate the .country top-level domain for which both companies had applied. Under the contemplated arrangement, both parties would enjoy a 50% equity stake in a new company, to which the .country contract with the Internet Corporation for Assigned Names and Numbers ("ICANN") would be transferred.

 

Antony Van Couvering, CEO of TLDH, commented:

 

"We're very pleased with this arrangement. Working with Uniregistry for .country is pro-competitive and will result in lower prices for consumers and better exposure for .country. Our two organizations have similar visions for .country and we look forward to working with Uniregistry."

 

Frank Schilling, Founder and Managing Director of Uniregistry, said:

 

"This joint venture is good for us, good for TLDH, good for ICANN, and just terrific for registrants in .country. We look forward to working with TLDH to make .COUNTRY a vibrant success."

 

Both Uniregistry and TLDH applied to the Internet Corporation for Assigned Names and Numbers ("ICANN") to operate the .COUNTRY generic top-level domain ("gTLD"); there are no other contenders. Under ICANN rules only one party can operate any given gTLD, and ICANN has encouraged applicants to resolve these conflicts privately. Under the conditional heads of terms for the proposed joint venture, either Uniregistry or TLDH will withdraw its application and, once the surviving applications is approved by ICANN, the authority to operate .country will be transferred to the new joint venture. The transfer will require ICANN approval, which the directors of the Company fully expect to be forthcoming.

 

Further Information:

 

Top Level Domain Holdings Limited

North America

Antony Van Couvering Tel: + 1 310 452 1491

 

Beaumont Cornish Limited (Nomad) Tel +44 (0) 20 7628 3396

Roland Cornish

Michael Cornish

 

N+1 Singer (Broker) Tel +44 (0)20 7496 3000

Matt Thomas

 

gth media relations

Toby Hall /Suzanne Johnson Walsh Tel:+44(0)20 7822 7493/2

 

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

 

 

ENDS

 

 

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

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