NameSilo Surpasses 4 Million Active Domains Under Management
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NameSilo accomplishes important milestone to join the top 12 largest registrars in the world
VANCOUVER, BRITISH COLUMBIA – TheNewswire - June 29, 2021 – NameSilo Technologies Corp. (CSE:URL) (OTC:URLOF) (the “Company”) is pleased to announce that it has surpassed the important milestone of 4 million active domains under management. This accomplishment comes less than two years after surpassing 3 million active domains in July, 2019. This continued growth puts NameSilo in the top 12 of the nearly 3,000 ICANN-accredited registrars in the world (according to RegistrarOwl.com data) with over 4.1 million active domains and customers across approximately 160 countries.
NameSilo's growth has been attributable to highly competitive prices with many value-added features that other registrars routinely charge for such as WHOIS Privacy, ICANN fees, account security, email, domain parking and more. Add on a powerful domain management platform that allows bulk operations across thousands of domains simultaneously and never-outsourced 24/7 customer support across email and live chat.
Kristaps Ronka, Chief Executive Officer of NameSilo states: "Thank you to all our loyal customers for helping us achieve this incredible milestone! We are tremendously excited to announce new features and services coming soon as well as continue to grow our newest platforms NameLot and Catch.Club. Our entire team remains fully dedicated and committed to offering the best-in-class products and services, backed by our high-quality technical support and low-cost pricing.”
Endrit Muca, Chief Marketing Officer at NameSilo added: "The past year around the world has demonstrated more than ever the importance of having an online presence. We are proud to help empower individuals and businesses all over the world navigate the digital landscape. Whether you are managing a domain portfolio, establishing your business website online or looking to create your very own professional email, NameSilo offers everything you need, at consistently low prices that you can trust.”
Launched in 2010, NameSilo has established itself as one of the most trusted registrars in the industry catering to a diverse customer base all over the world. Since being acquired in 2018, NameSilo has nearly tripled the active domains under management as well as added new hosting, SSL, premium DNS and e-mail services. Additionally, NameSilo has proliferated a suite of marketplace products and services that includes: (1) a Marketplace for user domain listing and expired auctions, (2) a NameLot domain brokerage and (3) a Catch.Club backorder platform.
NameSilo Technologies Corp.
Paul Andreola
President, CEO and Director
(604) 644-0072
NameSilo LLC
Kristaps Ronka, CEO
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 4.1 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.
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