Record Q3 Revenues and Total Bookings*

VANCOUVER, BRITISH COLUMBIA – TheNewswire - November 30, 2021 – NameSilo Technologies Corp. (CSE:URL) (CNSX:URL.CN) (OTC:URLOF) (the “Company”), one of the fastest growing domain registrars in the world, is pleased to announce the financial results for the quarter ending September 30, 2021. The financial statements and related management’s discussion and analysis (“MD&A”) can be viewed on SEDAR at www.sedar.com.

Financial Highlights of the Company:

The Company experienced financial results in fiscal Q3 2021 as set forth below (all figures in Canadian dollars):

• Record Revenues of $9,217,902 for Q3 2021 as compared to $8,070,601 in Q3 2020, an increase of 14.2%. The increase in revenues for Q3 2021 was due to an increase in domains under management, marketplace revenues, and from the sale of new ancillary services. 
• Gross Profit of $1,348,599, or 14.6% of its revenues. This is an increase of 19.1% from Q3 2020 
• Operating loss of $174,787 for Q3 2021 compared to a loss of $249,419 in Q3 2020 - There was a reallocation of consulting fees from other expenses, which resulted in higher consulting fees and a loss for the three months ended September 30, 2021. 
• Adjusted EBITDA* of $97,886 for Q3 2021 compared to $365,437 in Q3 2020 
• 9 month adjusted EBITDA* $839,871 for 2021 vs $639,670 in 2020 
• Record Total Bookings* of $12,383,394 in Q3 2021 up 47.3% as compared to $8,408,670 in Q3 2020 and up 24.6% from Q2 2021. 
• Total debt outstanding was reduced from $4,240,000 (June 30, 2021) to approximately $3,900,000. 
• 9-month net cash provided by operations $3,564,845 vs $1,548,315 in the year ago period. 
• Total deferred revenues of $23,679,079 as at September 30 2021 vs $17,856,522 at September 30 2020. 

NameSilo has grown to be the 11th Largest Domain Registrar in the world (according to RegistrarOwl.com) with over 4.5 million active domains under management and customers in approximately 160 countries.

The Company continues to invest significant resources to launch a number of new products and services which are expected to significantly increase future revenues and improve gross margins. Along with a new and more functional website the Company has launched hosting services, email products, a free logo maker, security products, several new domain services and more all while maintaining some of the lowest prices in the industry. NameSilo now accepts over 150 payment methods including most major credit cards, Web money payments such as Apple Pay, Venmo, Alipay and more. The Company was also one of the first companies in the industry to accept bitcoin.

NameSilo LLC will focus on adding value-added products to offer customers a one-stop source for essential services related to their domains. The Company believes that these new products will further increase core revenues and margin growth for NameSilo, improve customer retention and improve the value proposition to the customer base.

NameSilo Technologies Corp.
Paul Andreola

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

NameSilo LLC
Kristaps Ronka, CEO

pr@namesilo.com
www.namesilo.com

About NameSilo Technologies Corp. and NameSilo LLC

NameSilo Technologies Corp. invests its capital in companies and opportunities which management believes are undervalued and have potential for significant appreciation. The company makes investments in both public and private markets and focuses on opportunities in a wide variety of industries excluding the resource and resource service sectors. NameSilo does not invest on behalf of any third-party and it does not offer investment advice.

NameSilo LLC is a low-cost provider of domain name registration and management services. As an accredited ICANN registrar, NameSilo is one of the fastest growing domain registrars in the world with approximately 4.5 million active domains under management from approximately 160 countries.

Disclaimer for Forward-Looking Information

Certain statements in this news release are forward-looking statements, which reflect the expectations of management regarding potential future investments by the Company. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that 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 obtain from them. These forward-looking statements reflect management’s current views 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 the forward-looking statements.

*Non-IFRS Financial Measure

Readers are cautioned that “Adjusted EBITDA” and “total bookings” are measures not recognized under IFRS. Adjusted EBITDA is defined as earnings before interest income, taxes, depreciation and amortization, share-based compensation, restructuring costs, impairment charges and other non-recurring gains or losses. Management believes Adjusted EBITDA is a useful measure that facilitates period-to-period operating comparisons.  Total bookings includes the full amount of cash received from new domain bookings, renewals and other related services.  Whereas, under IFRS, the Company records revenue from domain booking and renewal fees on a straight-line basis over the life of the contract term.  However, the Company’s management believes that “total bookings” provides investors with insight into management’s decision-making process because management uses this measure to run the business and make financial, strategic and operating decisions.  Further, “total bookings” also provides useful insight into the Company’s operating performance on a yearly basis. “Total bookings” do not have standardized meanings prescribed by IFRS and therefore may not be comparable to similar measures presented by other issuers. Readers are cautioned that “Adjusted EBITDA” and “total bookings” are not an alternative to measures determined in accordance with IFRS and should not, on their own, be construed as indicators of performance, cash flow or profitability.

NEITHER THE CSE NOR ITS REGULATION SERVICES PROVIDERS (AS THAT TERM IS DEFINED IN THE POLICIES OF THE CSE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.