Mr. Paul Andreola reports

NAMESILO TECHNOLOGIES CORP. REPAYS OUTSTANDING LOAN

Namesilo Technologies Corp. has repaid its outstanding loan of $3.9-million ahead of the maturity date on Oct. 28, 2024. The loan was repaid mainly from free cash flow generated from the Namesilo business and a one-year loan of $1.5-million from Pathfinder Partners.

Paul Andreola, chief executive officer and director of the company, stated: "Over the last three years, Namesilo's robust cash flow has allowed us to grow our operations, fund a number of technology growth companies and reduce the debt on our balance sheet. We are also grateful that Pathfinder, a key stakeholder of the company, has shown confidence in the management's vision by making this loan. With the lower debt burden, we intend to continue to pursue revenue growth, as well as sourcing strategic investments, to add to our significant investment portfolio."

The loan of $1.5-million from Pathfinder bears interest at 8 per cent per annum and is due one year from the date of the loan. The loan is secured against the personal property of the company.

About Namesilo Technologies Corp. and Namesilo LLC

Namesilo Technologies invests its capital in companies and opportunities that 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 4.67 million active domains under management from approximately 160 countries.

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