NameSilo Technologies Corp. Refinances Outstanding Loans and Announces Record Third Quarter Bookings for NameSilo LLC

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Vancouver, British Columbia –News Direct– NameSilo Technologies Corp.

NameSilo Technologies Corp.

VANCOUVER, BRITISH COLUMBIA – TheNewswire – October 27, 2021 – NameSilo Technologies Corp. (CNSX: URL.CN) (OTC: URLOF) (the “Company”) wishes to announce that it has entered into a loan agreement with a third party lender (the “Lender”) under which the Lender will lend the Company a total of $ 3.9 million (the “Loan”). The loan is for a term of three (3) years and bears interest at the rate of 12% per year. The loan will close on or around October 28, 2021.

Paul Andreola, CEO and director of the company, said: “We are refinancing our existing loans with a new three-year term loan. We expect that the free cash flow generated by the NameSilo business will easily serve this loan over the next three years. Our focus will now turn to using any additional free cash flow to grow operations through product and marketing enhancements and to add to our investment portfolio. “

Under the terms of the loan agreement, the lender may convert, at its option, all or part of the capital into common shares of the Company at a price of $ 0.25 per share. The Company will have the right to cause a forced conversion of 50% of the outstanding capital into common shares if the volume weighted average price of the common shares is equal to or greater than $ 0.50 per share over twenty consecutive trading days.

The Company will have the right to prepay all or part of the principal at any time. If the Company chooses to repay any part of the Loan, the Borrower will be entitled to a commission equal to one year of interest on the principal repaid by the Company. The lender has been granted certain security interests in the affairs of the company, which are consistent with transactions of a similar nature.

NameSilo LLC recorded a total of bookings in the third quarter *

The Company is pleased to announce that NameSilo LLC’s total bookings * for the quarter ending September 30, 2021 reached a record US $ 10.04 million. This represents an increase of 48.8% from the same period in 2020 and of 16.1% sequentially from the second quarter of 2021. Domains under management exceeded 4.4 million, making NameSilo LLC the 11th most largest domain registrar in the world, with over 3000.

NameSilo Technologies Corp. Paul Andreola

President, CEO and Director (604) 644-0072 www.brisio.com

NameSilo LLCKristaps Ronka

CEO

[email protected]

About NameSilo Technologies Corp. and NameSilo LLC

NameSilo Technologies Corp. invests its capital in businesses and opportunities which management believes are undervalued and have the potential for significant capital appreciation. The company invests in the public and private markets and focuses on opportunities in a wide variety of industries excluding the resource sectors and resource related services. Namesilo does not invest on behalf of a third party and does not offer investment advice.

NameSilo LLC is a low cost provider of domain name registration and management services. As an accredited registrar of ICANN, NameSilo is one of the fastest growing domain registrars in the world with approximately 4.4 million active domains under management and over 310,000 customers. in around 160 countries.

Forward-looking information disclaimer

Certain statements contained in this press release are forward-looking statements, which reflect management’s expectations regarding potential future investments of the Company. Forward-looking statements consist of statements which are not purely historical, including statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties which may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will derive from them. These forward-looking statements reflect the current opinions of management and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause the Company’s actual results to differ materially from those expressed or implied by forward-looking statements.

* Financial measure not in accordance with IFRS

Readers are cautioned that “total orders” is an unrecognized measure under IFRS. Total bookings include the total cash amount received from new domain bookings, renewals, and other related services. While under IFRS, the Company recognizes domain reservation revenue and renewal fees on a straight-line basis over the term of the contract. However, the Company’s management believes that “total bookings” gives investors insight into management decision-making, as management uses this metric to manage the business and make financial, strategic and operational decisions. In addition, the “total bookings” also provides a useful overview of the operational performance of the Company on an annual basis. “Total records” does not have a standardized meaning prescribed by IFRS and therefore may not be comparable to similar measures presented by other issuers. Readers are cautioned that “total orders” is not an alternative to measures determined in accordance with IFRS and should not, on its own, be interpreted as an indicator of performance, cash flow or profitability.

NEITHER THE CSE NOR ITS REGULATORY SERVICE PROVIDERS (AS DEFINED IN CSE POLICIES) ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS COMMUNICATION.

See the source version on newsdirect.com: https://newsdirect.com/news/namesilo-technologies-corp-refinances-outstanding-loans-and-announces-record-namesilo-llc-q3-bookings-413485686



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