Archeo Reports $1,9 Million in Domain Name Sales During the First Quarter of 2014

Marchex announced recently its financial results for the first quarter ended March 31,2014. Moreover, Archeo reported $1,9 million in domain sales during the first quarter of 2014.

 

You can read the press release after the jump:

“-Marchex, Inc. (NASDAQ:MCHX), a mobile advertising technology company, today announced its financial results for the first quarter ended March 31, 2014.

“As the first quarter demonstrates, advertisers are increasingly turning to Marchex as they begin to boost spending in mobile performance advertising”

“As the first quarter demonstrates, advertisers are increasingly turning to Marchex as they begin to boost spending in mobile performance advertising,” said Russell Horowitz, Chairman and CEO of Marchex. “With the rapid adoption of mobile, consumer phone calls are fast-becoming one of the most important outcomes of mobile ad campaigns. Advertisers now want a better understanding of these over-the-phone interactions. Marchex is ideally positioned to meet this new and growing market, based on our early investment in our Call Analytics technology platform and pay-for-call marketplace.”

Q1 2014 Financial Highlights1

 

GAAP revenue was $50.5 million for the first quarter of 2014, compared to $34.7 million for the first quarter of 2013. Non-GAAP revenue2, which excludes domain sales recorded in revenue, was $48.6 million for the first quarter of 2014.

GAAP net income from continuing operations was $846,000 for the first quarter of 2014, compared to a GAAP net income from continuing operations of $116,000 for the first quarter of 2013.

GAAP net income from continuing operations attributable to common stockholders per diluted share was $0.02 for the first quarter of 2014. This compares to GAAP net income from continuing operations attributable to common stockholders per diluted share of $0.00 for the first quarter of 2013.

           

   Q1 2014      Q1 2013

GAAP Revenue       $50.5 million       $34.7 million

Non-GAAP Results:                

Non-GAAP Revenue 2, 4       $48.6 million       $34.7 million

Call-Driven and Related Revenue       $45.5 million       $31.1 million

Archeo Revenue excluding domain gains and sales 2, 4       $3.1 million       $3.6 million

             

Call-Driven Adjusted OIBA4       $2.4 million       $1.4 million

Call-Driven Adjusted EBITDA4       $3.3 million       $2.2 million

Adjusted OIBA3, 4       $4.7 million       $3.6 million

Adjusted EBITDA3, 4       $5.7 million       $4.5 million

                 

Adjusted OIBA excluding domain gains and sales4       $2.8 million       $2.2 million

Adjusted EBITDA excluding domain gains and sales4       $3.8 million       $3.2 million

 

Adjusted non-GAAP EPS3 from continuing operations for the first quarter of 2014 was $0.08, compared to $0.07 for the first quarter of 2013. Adjusted non-GAAP EPS3 from continuing operations excluding domain gains and sales for the first quarter of 2014 was $0.05, compared to $0.04 for the first quarter of 2013.

1 In July 2013, certain pay-per-click assets were sold. As a result, the financial results of these pay-per-click assets are presented as discontinued operations, net of tax in our condensed consolidated statements of operations in accordance with GAAP, and are excluded from all other results unless otherwise noted.

 

2 Excludes domain sales recognized in GAAP revenue. In September 2013 upon the launch of its domain marketplace, the company commenced recognizing domain sales as revenue.

3 Adjusted OIBA, Adjusted EBITDA and Non-GAAP EPS include the impact of domain gains and sales. Historically, these non-GAAP measures excluded the impact of domain gains and sales.

4 Reconciliations of non-GAAP measures are included in the financial tables attached to this press release and we encourage investors to examine the reconciling adjustments between the GAAP and non-GAAP measures.

Marchex Q1 and Recent Call-Driven Business Highlights:

Revenue. Call-Driven and related revenue was $45.5 million for the first quarter of 2014 – a 46 percent increase compared to $31.1 million for the first quarter of 2013.

Customers and Partners. Added more than a dozen new national and reseller customers across several categories, such as Auto Services, Financial Services, and Travel.

Strategic Developments. Marchex raised $32 million as part of its public offering which was completed on April 4th. Marchex intends to use the net proceeds of the offering for general corporate purposes, which may include acquisitions or licenses of, or investments in, products, services, technologies or other businesses.

Archeo Q1 Business Highlights:

Revenue. Archeo non-GAAP revenue was $3.1 million for the first quarter of 2014, which excludes domain sales recognized in GAAP revenue.

Domains sales. During the first quarter of 2014, domain sales yielded $1.9 million.

Business Outlook

The following forward-looking statements reflect Marchex’s expectations as of May 1, 2014 and exclude any contribution from Archeo operations, domain sales and discontinued operations. Archeo operating results would be incremental and additive to our Call-Driven revenue, profitability, and other measures below:

Call-Driven financial guidance for the fiscal year ending December 31, 2014

 

Call-Driven Revenue       $171 million or more

Call-Driven Adjusted OIBA 1       $8 million or more

Call Driven Adjusted EBITDA 1       $12 million or more

Call-Driven financial guidance for the Second Quarter ending June 30, 2014

Call-Driven Revenue       $43.5 million or more

Call-Driven Adjusted OIBA 1       $1.5-$2.5 million

Call-Driven Adjusted EBITDA 1       $2.5-$3.5 million

     

1 These non-GAAP Call-Driven measures assign all Marchex corporate overhead costs to the Call-Driven results. Reconciliations of non-GAAP measures are included in the financial tables attached to this press release and we encourage investors to examine the reconciling adjustments between the GAAP and non-GAAP measures.”

 

 

 

 

 

.ME Registry is Proud to Announce that Hide.me Is The Latest Graduate from the .ME Premium Domain Program

.ME Registry, the comoany behind .ME extension, announced that  hide.me is the latest graduate from the .ME Premium Domain Program.

 

You can read the press release after the jump :

“The .ME Registry is proud to announce that hide.me is the latest graduate from the .ME Premium Domain Program.

Hide.me, which was formerly hide.io, is a highly secure and privacy-focused VPN service with more than 350,000 users across the globe. Customers from the US, to Australia, to Thailand – use hide.me to encrypt and anonymize their Internet activity. The rebrand from hide.io was launched in celebration of their new user interface design and enhanced features.

Not only is the service cleaner, faster and loaded with information to make hide.me easier to use but significant changes have also been made to the technology. hide.me now offers SOCKS proxy and has optimized their entire backend to add increased security features and fail-safes. In addition, it boasts a blazing fast interface, more stable connection, and an overall faster VPN experience.

The switch to the .ME domain is the icing on the cake to let users know the service has been upgraded with them in mind. Predrag Lesic, the CEO of the ME Registry, states: “We are very pleased that hide.io has chosen to rebrand as hide.me with a .ME premium domain. This is an incredibly personal service and when their application came in to the Premium Domain Program we knew that their service was a perfect fit for the domain. Awarding hide.me to them was a very easy choice.”

hide.me is made up of an international team of IT security experts who believe everyone deserves protection and privacy on the Internet. The hide.me team says: “Our service is very personal and when we began our rebranding efforts, we knew we needed a domain that would reflect our mission. We couldn’t get more personal than .ME to let our users to know that our service is for and about them. We believe in the Internet’s founding vision—to let people explore information from around the world in a free, decentralized way. Rebranding with a .ME domain helps us to articulate our vision in the URL.” 

hide.me offers users enhanced Wi-Fi security, global TV, the latest VPN protocols, anonymous IP address, and the ability to bypass censorship. Users may also set up to 5 different VPN connections. 

For more information, on hide.me please visit: https://hide.me

To learn more about the .ME Registry, developing a .ME business idea and many clever uses of the .ME domain or to simply find out how to register a .ME domain name, please visit http://domain.me/”

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FlashCards.com Wins Weekly Sales List at $250,000

FlashCards.com,sold for $250,000,topped Domain Name Journal sales list of reported domain names for the last week,ending April 27,2014.

 

Sedo had a great week in the sales chart,taking 14 of the top 20 positions .Correspondingly,GoDaddy/Afternic took 9 of the top 20 positions .

.COM dominated once again the list,with 15 of the top 20 positions.

Here are the top 40 positions for the two week ending April 27,2014:

1.Flashcards.com$250,000

2.Intensity.com$57,000

3.Tel.fr $30,580

4.Modernize.com$25,000

5.B2BCloud.com$20,000

6.BestSub.com$17,888

7.ArtJobs.com$17,500

8.Bussgeldkatalog.de $16,680

9.Lanzarote-web.de $16,180

10.tieKNZ.com$15,000

10.tieNope.com$15,000

10.tieOnCast.com$15,000

10.tieProstate.info$15,000

14.XK.net$14,003

15.Bridge.net$13,500

16.tieIstanbul.ch $11,120

16. ti  ePrintSolutions.de $11,120

18.Novelas.tv$10,400

19.Ecompay.com$10,100

20.tieAcmeEquipment.com$10,000

20.tieIslandBankI.com$10,000

20.tieLifeMastery.com$10,000

20.tieLouder.com$10,000

20.tieSolarOwn.com$10,000

See here the Domain Name Journal list of top reported sales .

 

 

 

Five Other New TLDs Delegated, Including .Finance and .Insure

The Internet Corporation for Assigned Names and Numbers (ICANN) announced that five other new TLDs were delegated, bringing the total number to 250.

 

The five new top-level domain names are :

.citic

.creditcard

.finance

.insure

.wtc

The other 245 new gTLDs that have been delegated so far are :

.москва (.москва is the name of the Russian capital , Moscow, in Russian)

.Moscow

.care

.cash 

.clinic

.dental

.discount

.exchange

.fail

.financial

.fitness

.fund

.furniture

.gratis

.investments

.limited

.schule

.surgery

.tax

.wtf

16 April 2014QUEBEC     PointQuébec Inc

11 April 2014PICTURES    Foggy Sky, LLC

11 April 2014UNIVERSITY    Little Station, LLC

11 April 2014GALAsociación puntoGAL

11 April 2014ASSOCIATES     Baxter Hill, LLC

11 April 2014REISEN   New Cypress, LLC

11 April 2014MEDIA   Grand Glen, LLC

11 April 2014CAREER  dotCareer LLC

11 April 2014TOWN   Koko Moon, LLC

11 April 2014TOYS   Pioneer Orchard, LLC

11 April 2014LEASE   Victor Trail, LLC

11 April 2014SERVICES   Fox Castle, LLC

11 April 2014ENGINEERING  Romeo Canyon

11 April 2014GRIPECom Sunset, LLC

11 April 2014EUS  Puntueus Fundazioa

11 April 2014CAPITAL  Delta Mill, LLC

10 April 2014DESIDesi Networks, LLC

10 April 2014FEEDBACKTop Level Spectrum, Inc.

10 April 2014COLLEGEXYZ.COM, LLC

10 April 2014ROCKSUnited TLD Holdco, Ltd.

10 April 2014网址 (xn--ses554g) – Chinese for “network address”Hu Yi Global Information Resources (Holding) Company Hong Kong Limited

4 April 2014GOPRepublican State Leadership Committee, Inc.

3 April 2014RYUKYUBusinessRalliart Inc.

3 April 2014YOKOHAMAGMO Registry, Inc.

2 April 2014     REST     Punto 2012 Sociedad Anonima Promotora de Inversion de Capital Variable

2 April 2014     SAARLAND     dotSaarland GmbH

31 March 2014     CONSULTING     Pixie Station, LLC

31 March 2014     VODKA     Top Level Domain Holdings Limited

31 March 2014     HAUS     Pixie Edge, LLC

31 March 2014     COOKING     Top Level Domain Holdings Limited

31 March 2014     MOE     Interlink Co., Ltd.

31 March 2014     RODEO     Top Level Domain Holdings Limited

31 March 2014     COUNTRY     Uniregistry, Corp.

31 March 2014     商城(xn--czru2d) – Chinese for “mall”     Zodiac Capricorn Limited

31 March 2014     HORSE     Top Level Domain Holdings Limited

31 March 2014     FISHING     Top Level Domain Holdings Limited

31 March 2014     VEGAS     Dot Vegas, Inc.

31 March 2014     MIAMI     Top Level Domain Holdings Limited

31 March 2014     ARCHI     Starting Dot Limited

27 March 2014     BLACK     Afilias Limited

27 March 2014     REN     Beijing Qianxiang Wangjing Technology Development Co., Ltd.

27 March 2014     MEET     Afilias Limited

25 March 2014     SOHU     Sohu.com Limited

22 March 2014     LONDON     Dot London Domains Limited

20 March 2014     NYC     The City of New York by and through the New York City Department of Information Technology & Telecommunications

19 March 2014     COLOGNE     NetCologne Gesellschaft für Telekommunikation mbH

19 March 2014     AXA     AXA SA

19 March 2014     WEBCAM     dot Webcam Limited

19 March 2014     TRADE     Elite Registry Limited

15 March 2014     JETZT     New TLD Company

12 March 2014     世界 (xn--rhqv96g) – Chinese for “world/shijie”     Stable Tone Limited

11 March 2014     DNP     Dai Nippon Printing Co., Ltd.

11 March 2014     INK     Top Level Design, LLC

9 March 2014     机构 (xn--nqv7f) – Chinese for “agencies/institutions”     Public Interest Registry

9 March 2014     संगठन (xn--i1b6b1a6a2e) – Hindi for “organization/sangathana”     Public Interest Registry

9 March 2014     组织机构 (xn--nqv7fs00ema) – Chinese for “organization”     Public Interest Registry

5 March 2014     орг (xn--c1avg) – Russian for “organization/org”     Public Interest Registry

5 March 2014     KOELN     NetCologne Gesellschaft für Telekommunikation mbH

2 March 2014     BID     dot Bid Limited

2 March 2014     OKINAWA     BusinessRalliart Inc.

2 March 2014     VOTE     Monolith Registry LLC

2 March 2014     VOTO     Monolith Registry LLC

27 February 2014     BAR     Punto 2012 Sociedad Anonima Promotora de Inversion de Capital Variable

27 February 2014     KRED     KredTLD Pty Ltd

27 February 2014     BEST     BestTLD Pty Ltd

26 February 2014     CHRISTMAS     Uniregistry, Corp.

26 February 2014     PUB     United TLD Holdco, Ltd.

26 February 2014     дети (xn--d1acj3b) – Russian for “kids/deti”     The Foundation for Network Initiatives “The Smart Internet”

26 February 2014     ACTOR     United TLD Holdco, Ltd.

25 February 2014     SUPPLIES     Atomic Fields, LLC

21 February 2014     FISH     Fox Woods, LLC

21 February 2014     삼성 (xn―cg4bki) – Korean for “Samsung/Samseong”     Samsung SDS Co., LTD

21 February 2014     VACATIONS     Atomic Tigers, LLC

21 February 2014     INDUSTRIES     Outer House, LLC

21 February 2014     SUPPLY     Half Falls, LLC

19 February 2014     XYZ     XYZ.COM, LLC

19 February 2014     WIKI     Top Level Design, LLC

19 February 2014     NEUSTAR     NeuStar, Inc,

18 February 2014     بازار (xn--mgbab2bd) – Arabic for “bazaar/bazar”     CORE Association

16 February 2014     MANGO     Punto FA S.L.

12 February 2014     QPON     dotCOOL, Inc.

11 February 2014     CARDS     Foggy Hollow, LLC

11 February 2014     FOUNDATION     John Dale, LLC

11 February 2014     REVIEWS     United TLD Holdco, Ltd.

11 February 2014     FUTBOL     United TLD Holdco, Ltd.

11 February 2014     VISION     Koko Station, LLC

11 February 2014     CONDOS     Pine House, LLC

11 February 2014     VILLAS     Koko Station, LLC

11 February 2014     PARTS     Sea Goodbye, LLC

11 February 2014     PRODUCTIONS     Magic Birch, LLC

11 February 2014     MAISON     Victor Frostbite, LLC

5 February 2014     移动 (xn--6frz82g) – Chinese for “mobile”     Afilias Limited

5 February 2014     BLUE     Afilias Limited

4 February 2014     FLIGHTS     Fox Station, LLC

4 February 2014     CLEANING     Fox Shadow, LLC

4 February 2014     REPORT     Binky Glen, LLC

4 February 2014     EVENTS     Pioneer Maple, LLC

4 February 2014     CRUISES     Spring Way, LLC

4 February 2014     RENTALS     Big Hollow, LLC

4 February 2014     PARTNERS     Magic Glen, LLC

4 February 2014     PROPERTIES     Big Pass, LLC

4 February 2014     CATERING     New Falls, LLC

4 February 2014     EXPOSED     Victor Beach, LLC

29 January 2014     VOTING     Valuetainment, Corp.

29 January 2014     TOKYO     GMO Registry, Inc.

29 January 2014     NAGOYA     GMO Registry, Inc.

27 January 2014     DATING     Pine Fest, LLC

27 January 2014     COMMUNITY     Fox Orchard, LLC

23 January 2014     BOUTIQUE     Over Galley, LLC

23 January 2014     BARGAINS     Half Hallow, LLC

23 January 2014     TIENDA     Victor Manor, LLC

23 January 2014     WORKS     Little Dynamite, LLC

23 January 2014     WED     Atgron, Inc.

23 January 2014     EXPERT     Magic Pass, LLC

23 January 2014     WATCH     Sand Shadow, LLC

23 January 2014     KIM     Afilias Limited

23 January 2014     COOL     Koko Lake, LLC

23 January 2014     TOOLS     Pioneer North, LLC

18 January 2014     CLUB     .Club Domains, LLC

18 January 2014     BUILD     Plan Bee, LLC

18 January 2014     PICS     Uniregistry, Corp.

18 January 2014     PINK     Afilias Limited

18 January 2014     LUXURY     Luxury Partners, LLC

18 January 2014     PHOTO     Uniregistry, Corp.

18 January 2014     GIFT     Uniregistry, Corp.

18 January 2014     网络 (xn--io0a7i) – Chinese for “network”     Computer Network Information Center of Chinese Academy of Sciences (China Internet Information Center)

18 January 2014     公司 (xn--55qx5d) – Chinese for “company”     Computer Network Information Center of Chinese Academy of Sciences (China Internet Information Center)

18 January 2014     MONASH     Monash University

18 January 2014     RICH     I-REGISTRY Ltd. Niederlassung Deutschland

18 January 2014     RED     Afilias Limited

18 January 2014     SHIKSHA     Afilias Limited

18 January 2014     中信 (xn--fiq64b) – Chinese for “CITIC”     CITIC Group Corporation

18 January 2014     LINK     Uniregistry, Corp.

18 January 2014     GUITARS     Uniregistry, Corp.

14 January 2014     ZONE     Outer Falls, LLC

14 January 2014     CHEAP     Sand Cover, LLC

14 January 2014     MARKETING     Fern pass, LLC

14 January 2014     DEMOCRAT     United TLD Holdco Ltd.

14 January 2014     SOCIAL     United TLD Holdco Ltd.

14 January 2014     AGENCY     Steel Falls, LLC

14 January 2014     MODA     United TLD Holdco Ltd.

14 January 2014     DANCE     United TLD Holdco Ltd.

8 January 2014     BERLIN     dotBERLIN GmbH & Co. KG

3 January 2014     集团 (xn--3bst00m) – Chinese for “group”     Eagle Horizon Limited

3 January 2014     我爱你 (xn--6qq986b3xl) – Chinese for “I love you”     Tycoon Treasure Limited

3 January 2014     中文网 (xn--fiq228c5hs) – Chinese for “Chinese network”     TLD Registry Limited

3 January 2014     WANG     Zodiac Leo Limited

3 January 2014     KIWI     Dot Kiwi Limited

3 January 2014     WIEN     punkt.wien GmbH

2 January 2014     EMAIL     Spring Madison, LLC

2 January 2014     IMMOBILIEN     United TLD Holdco Ltd.

2 January 2014     在线 (xn--3ds443g) – Chinese for “online”     TLD Registry Limited

28 December 2013     INSTITUTE     Outer Maple, LLC

28 December 2013     CEO     CEOTLD Pty Ltd

28 December 2013     SOLAR     Ruby Town, LLC

28 December 2013     FARM     Just Maple, LLC

28 December 2013     EDUCATION     Brice Way, LLC

28 December 2013     GLASS     Black Cover, LLC

28 December 2013     ONL     I-REGISTRY Ltd. Niederlassung Deutschland

28 December 2013     INTERNATIONAL     Wild Way, LLC

28 December 2013     CODES     Puff Willow, LLC

28 December 2013     TRAINING     Wild Willow, LLC

28 December 2013     HOUSE     Sugar Park, LLC

28 December 2013     KAUFEN     United TLD Holdco Ltd.

28 December 2013     NINJA     United TLD Holdco Ltd.

28 December 2013     REPAIR     Lone Sunset, LLC

28 December 2013     BUILDERS     Atomic Madison, LLC

28 December 2013     COFFEE     Trixy Cover, LLC

28 December 2013     FLORIST     Half Cypress, LLC

28 December 2013     HOLIDAY     Goose Woods, LLC

28 December 2013     SOLUTIONS     Silver Cover, LLC

18 December 2013     BUZZ     dotStrategy Co.

18 December 2013     SUPPORT     Grand Orchard, LLC

17 December 2013     RECIPES     Grand Island, LLC

17 December 2013     COMPUTER     Pine Mill, LLC

17 December 2013     ACADEMY     Half Oaks, LLC

17 December 2013     CAREERS     Wild Corner, LLC

17 December 2013     CAB     Half Sunset, LLC

17 December 2013     公益 (xn--55qw42g) – Chinese for “charity”     China Organizational Name Administration Center

17 December 2013     政务 (xn--zfr164b) – Chinese for “government”     China Organizational Name Administration Center

17 December 2013     SYSTEMS     Dash Cypress, LLC

17 December 2013     DOMAINS     Sugar Cross, LLC

17 December 2013     VIAJES     Black Madison, LLC

17 December 2013     COMPANY     Silver Avenue, LLC

17 December 2013     CAMP     Delta Dynamite, LLC

17 December 2013     LIMO     Hidden Frostbite, LLC

17 December 2013     MANAGEMENT     John Goodbye, LLC

17 December 2013     PHOTOS     Sea Corner, LLC

17 December 2013     SHOES     Binky Galley, LLC

17 December 2013     CENTER     Tin Mill, LLC

10 December 2013     RUHR     Regiodot GmbH & Co. KG

30 November 2013     MENU     Wedding TLD2, LLC

30 November 2013     UNO     Dot Latin, LLC

23 November 2013     みんな (xn--q9jyb4c) – Japanese for “everyone”     Charleston Road Registry, Inc.

19 November 2013     diamonds     John Edge, LLC

19 November 2013     tips     Corn Willow, LLC

19 November 2013     photography     Sugar Glen, LLC

19 November 2013     directory     Extra Madison, LLC

19 November 2013     enterprises     Snow Oaks, LLC

19 November 2013     kitchen     Just Goodbye, LLC

19 November 2013     today     Pearl Woods, LLC

14 November 2013     plumbing     Spring Tigers, LLC

14 November 2013     graphics     Over Madison, LLC

14 November 2013     contractors     Magic Woods, LLC

14 November 2013     gallery     Sugar House, LLC

14 November 2013     sexy     Uniregistry, Corp.

14 November 2013     construction     Fox Dynamite, LLC

14 November 2013     tattoo     Uniregistry, Corp.

14 November 2013     technology     Auburn Falls

14 November 2013     estate     Trixy Park, LLC

14 November 2013     land     Pine Moon, LLC

14 November 2013     bike     Grand Hollow, LLC

06 November 2013     VENTURES     Binky Lake, LLC

06 November 2013     CAMERA     Atomic Maple, LLC.

06 November 2013     CLOTHING     Steel Lake, LLC

06 November 2013     LIGHTING     John McCook, LLC

06 November 2013     SINGLES     Fern Madison, LLC

06 November 2013     VOYAGE     Ruby House, LLC

06 November 2013     GURU     Pioneer Cypress, LLC

06 November 2013     HOLDINGS     John Madison, LLC

06 November 2013     EQUIPMENT     Corn Station, LLC

23 October 2013     شبكة (xn--ngbc5azd) – Arabic for “web/network”     International Domain Registry Pty. Ltd.

23 October 2013     онлайн (xn--80asehdb) – Russian for “online”     CORE Association

23 October 2013     сайт (xn--80aswg) – Russian for “site”     CORE Association

23 October 2013     游戏(xn--unup4y) – Chinese for “game(s)”     Spring Fields, LLC

 

Minds + Machines Wins Auction for .Yoga and .Garden Domain Names

Minds + Machines Group Limited announced today that it had won the right to the top-level domain names .yoga and .garden, folloeing the private auction held last week .

 

The company managed to secure the rights for .Yoga and .Garden,but failed to secure the rights for .Deals and .Property.

The company paid for securing the two domain names around $5.97 million ( £3.6 million).Minds + Machines’ current portfolio is of 28 uncontested applications.

“.garden and .yoga are major asset wins for the group as both represent activities that people are passionate about – we believe this will become an important factor in the adoption of new domains,” said Fred Krueger, Chairman of Minds + Machines.