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.boston acquisition

Minds + Machines Group Limited (LSE:MMX), the publicly quoted owner and operator of Internet top-level domains, is pleased to announce its agreement to acquire a 99% interest in Boston TLD Management LLC (“BTM”), the owner of rights to the .boston geo-TLD, and the agreement of its subsidiary, Minds + Machines Limited, to act as the Registry Service Provider for the geo-TLD (“the Acquisition”). Boston Globe Media Partners LLC (“Boston Globe Media”) transferred into BTM its ownership rights to, and operating responsibilities for, the .boston geo-TLD. Boston Globe Media acquired the .boston rights from Globe Newspaper Company, Inc., the original .boston applicant, in October 2013. The formal completion of the Acquisition by MMX is subject, inter alia, to the receipt from ICANN of approvals by Boston Globe Media for the transfers of ownership rights in the .boston geo-TLD and BTM. Antony Van Couvering, CEO of MMX, commented:
Over the last five years MMX has worked hard to establish itself as the owner/operator of choice for cities and municipalities on geo TLDs. We intend to continue growing this part of our portfolio as relevant opportunities emerge. We look forward to working with BTM, Boston Globe Media, the City of Boston and our distribution partners to ensure the successful launch of .boston later this year, which we believe will become a major digital asset to the City of Boston, its businesses and communities.
BTM’s application to ICANN for delegation of the .boston geo-TLD remains pending. Details of the launch schedule will be announced post-completion of the relevant ICANN approvals. Regular updates on the forthcoming launch and registration information for .boston will be available at www.dotboston.co.

For further information, please contact:

Minds + Machines Group Limited
North America
Antony Van Couvering Tel: +1 310 452-1491
N+1 Singer (Nomad and Broker)
Shaun Dobson/Liz Yong Tel: +44 (0)20 7496 3000
MMX Investor Relations
Toby Hall Tel: +44 7713 341072
For further information, please go to investors.mindsandmachines.com
About Minds + Machines Group Limited
Minds + Machines Group Limited is a publicly traded holding company listed on the AIM market of the London Stock Exchange focused on the new generic top-level domain (New gTLD) space. Top-level domains, such as .com and .net are regulated by ICANN. ICANN is currently expanding the number of new generic top-level domains from the current 23 to over 1000 through its ‘New gTLD program’. The Group is one of the leading applicants for new gTLDs under this programme.
About Minds + Machines’ Registry and Registrar operations
Minds + Machines’ registry operations are provided through its wholly owned registry services providers: Minds + Machines Limited (Ireland), which works internationally with commercial organisations, cities, not-for-profits and entrepreneurs to operate New gTLDs; and Minds and Machines Limited (UK), which partners with the official promotional organization for London, London & Partners, to operate the .london New gTLD. In addition, the Group wholly owns Minds + Machines Registrar Limited (Ireland) and Minds and Machines Registrar UK Limited, each an ICANN-accredited registrar. Further information on Minds + Machines' registry and registrar operations can be found at www.mm-registry.com and www.mindsandmachines.com respectively.