CSE: URL / OTC: URLOF
VANCOUVER, March 6, 2019 /CNW/ - NameSilo Technologies Corp. (CSE: URL) (PINKSHEETS: URLOF) (the "Company") is pleased to report that according to industry source Registrar Owl (http://www.registrarowl.com) its subsidiary, NameSilo LLC ("NameSilo"), was the second fastest growing domain registrar on earth, behind only industry giant Alibaba in the month of November 2018.
NameSilo added 183,570 net new domains in November 2018, less than 4,000 domains behind Alibaba's 187,559 net new domains. This number represents a 322% increase from the 43,432 net new domains added in November 2017.
NameSilo Technologies CEO Paul Andreola states: "The fact that NameSilo is growing faster than nine of the top ten domain registrars in the world, most of which are public companies with at least a billion-dollar market capitalization and very large marketing budgets, is a testament to the team and the service we are providing our customers. This growth by NameSilo has been accomplished with a near zero marketing spend. We look forward to greater achievements in the months and quarters to come."
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 over 2.65 million active domains under management, and over 240,000 customers 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 and set forth in detail in the Company's CSE Listing Statement dated August 1, 2018. 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.
SOURCE NameSilo Technologies Corp.
For further information: NameSilo Technologies Corp., Paul Andreola, President, CEO and Director, (604) 644-0072, www.brisio.com; NameSilo LLC, Kristaps Ronka, CEO, firstname.lastname@example.org, www.namesilo.com