StockMarketWire.com - Minds + Machines Group Ltd has reported orders for more than 200,000 new registrations in its .vip top-level domain valued at $1.3m.

The orders comprised both standard names and premium names, including 61 premium names sold via the recently completed eName auction.

The order contracts also ensure high renewal rates for the new registrations and a guaranteed minimum of $1.3m of income payable to MMX over the life of the contracts.

"It is expected that the registrations will show on industry sites tracking new gTLD registrations, such as nTLDStats, over the next ten days and would take total registrations in .vip to in excess of 800,000.

Separately, the company said the heads of terms agreement announced earlier in March regarding its geographic TLDs had now proceeded to contract on the first of the geographic TLDs. The second was to proceed in due course.

Directors believed the agreement would lead to a material increase of registrations in the two relevant geo TLDs over the next twelve months.






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