Mon Dec 02 23:28:07 UTC 2024: **FOR IMMEDIATE RELEASE**

**NameSilo Technologies Corp. Reports Record Q3 2024 Revenue and Operating Income**

VANCOUVER, BC – November 29, 2024 – NameSilo Technologies Corp. (CSE: URL, PINKSHEETS: URLOF), a leading global domain registrar, today announced record financial results for the quarter ending September 30, 2024. The company achieved record revenues of $14,351,076, a 15.2% increase compared to Q3 2023. This marks the eighth consecutive quarter and sixth consecutive year of revenue growth.

Key highlights from the Q3 2024 results include:

* **Record Revenues:** $14,351,076 (15.2% increase year-over-year)
* **Record Operating Income:** $1,240,660
* **Record Gross Profit:** $3,214,896 (22.4% of revenue)
* **Record Adjusted EBITDA:** $1,445,761
* **Net Income:** $488,064 (compared to a net loss in Q3 2023)
* **Cash and Cash Equivalents:** $4,981,005
* **Over 5 Million Domains Under Management**

The increase in revenue is attributed to growth in domains under management, marketplace revenues, and sales of ancillary services. The company also highlighted the elimination of all outstanding convertible debt and a new $1.5 million non-dilutive drawdown loan facility.

“Q3 was another record quarter,” stated Paul Andreola, CEO of NameSilo Technologies. “The significant increase in free cash flow and our improved cash position has allowed us to eliminate all long-term convertible debt, putting us in a net cash position for the first time since 2017. We are well-positioned for continued growth and capital deployment.”

NameSilo LLC, the company’s operating subsidiary, continues to expand its product offerings, including hosting services, email products, and security solutions, while maintaining competitive pricing and accepting over 150 payment methods.

**About NameSilo Technologies Corp.**

NameSilo Technologies Corp. invests in undervalued companies with significant growth potential. NameSilo LLC, its primary operating subsidiary, is a rapidly growing, low-cost domain name registrar.

**Forward-Looking Statements:** This news release contains forward-looking statements. Actual results may differ materially. See the full release for details.

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