CentralNic Group plc Partners with Dot London

RNS Number : 7147F

CentralNic Group PLC

29 April 2014

 



Press Release                                                                                              29 April 2014

CentralNic Group plc

("CentralNic" or "the Company" or "the Group")

CentralNic Group plc Partners with Dot London, Announces Dedicated Website buydomains.london

CentralNic Group PLC (AIM:CNIC), the internet platform business which derives revenues from the global sale of domain names, announces today its partnership with Dot London and the launch of the new website specifically for the registration of Dot London ".london" domain names - www.buydomains.london.

Alex Kinchin-Smith, Director of Dot London said, "We are delighted to be working with CentralNic as one of the premier partners in Dot London and to make .London domains available through CentralNic's dedicated Dot London site buydomains.london.  We want Dot London to become the internet address of choice for businesses and individuals with a connection to the capital.  It is therefore important for us to be working with CentralNic as the Company is based here in London and understands the benefits a Dot London domain name can bring."

CentralNic plc CEO, Ben Crawford, said: "As a business founded in London 19 years ago and listed on the AIM market of the London Stock Exchange, CentralNic is delighted to be playing a role in launching Dot London domains".

Prior to the launch of www.buydomains.london, CentralNic is taking expressions of interest in Dot London domains on the site www.buydomainslondon.co.uk.

-Ends-

For further information:

CentralNic Group plc
Ben Crawford (CEO)	[phone]
Zeus Capital
Ross Andrews / Nick Cowles ( Corporate Finance)	[phone]
John Goold (Institutional Sales)	[phone]
Abchurch Communications
Jamie Hooper / Olivia Stuart Taylor	[phone]
[e-mail]	www.abchurch-group.com

About CentralNic Group plc 

CentralNic owns and operates a proprietary platform over which domain names are distributed to over 83% of the world's registrars - entities such as GoDaddy and Network Solutions that retail domain names directly to the public.  The Company is already the exclusive global distributor for domains using 30 different domain extensions, including .la (for domains such as http://intel.la), and .uk.com (for domains such as http://avon.uk.com).

CentralNic was selected as the Registry Service Provider and distributor for 60 applications for new Top-Level Domains (TLDs) - a program devised by the domain industry regulator ICANN to supplement the existing TLDs such as .com and .co.uk with new domain extensions. The list of new gTLDs that will make exclusive use of CentralNic's platform include: .wiki, .bar, .college, .rest, .ink, .feedback, .contact and .xyz.

·     CentralNic (LSE: CNIC) is a leading provider of registry services to the global market for domain names and is headquartered in London. The Company has developed a proprietary platform for powering and distributing domain names, and is the exclusive global distributor for domains using 58 different domain extensions. These include .la (for domains such as http://intel.la), .uk.com (for domains such as http://avon.uk.com), and .us.com (for domains such as http://activia.us.com).

·     CentralNic's distribution network includes 1500 registrars - entities such as GoDaddy and Network Solutions in over 80 countries that retail domain names directly to the public and wholesale them through an additional network of over 100,000 resellers. End users register these domain names as an address for their websites, as a defensive measure to protect their brands online, as a method of capturing internet traffic and achieving desired rankings on search engines, and as an investment.

·     CentralNic distributes domains on behalf of their clients - rights-holders or "registries" - on a revenue share basis. CentralNic-distributed domains use an annual registration fee model, paid in advance by the end users, providing a predictable annuity revenue stream for both CentralNic and its clients.

·     CentralNic is itself the rights holder for 24 domain extensions, including .us.com, .eu.com, .uk.com, .ru.com and .cn.com. It therefore retains 100% of the wholesale revenues for domains using those domain extensions.

·     CentralNic is the owner of a portfolio of premium domain names including 18 two-letter .com domains including http://us.com and http://uk.com.

·     In addition to its growth as a global distributor of domain names, the Directors believe that there is potential for CentralNic to also become a significant retailer of domain names direct to end users, and CentralNic has already obtained the necessary accreditations, built the technology, signed initial contracts and commenced trading as a domain name retailer.

All Group information and news can be found at http://www.centralnic.com

 

END

 

 

NRAFVLLLZZFLBBF