Namesilo signs deal to acquire SewerVUE Technology

Mr. Paul Andreola reports NAMESILO TECHNOLOGIES CORP. ENTERS DEFINITIVE SHARE PURCHASE AGREEMENT TO ACQUIRE 100% OF SEWERVUE TECHNOLOGY CORP. Namesilo Technologies Corp. has entered into a definitive share purchase agreement to acquire 100 per cent of the issued and outstanding shares of SewerVUE Technology Corp., based in Coquitlam, B.C., Canada. SewerVUE has pioneered large-diameter pipe inspection technology with innovations such as pipe-penetrating radar and multisensor inspections to ensure its partners and clients have reliable, comprehensive data to make proper and well-informed decisions when it comes to maintaining critical infrastructure. With the data collected from SewerVUE's advanced robotic inspection vehicles, SewerVUE can detect voids, get accurate wall thickness measurements, measure sediment volume and reinforcement cover, and provide the data needed to inform the remaining useful life of linear assets. The company can help create digital doubles for pipeline assets, help plan slip-lining projects, and determine pitting and areas of stress. With a project record that spans the globe, SewerVUE services municipalities, mining corporations and engineering firms, inspecting even the most challenging linear assets. SewerVUE is a world leader in multisensor inspection technologies using lidar, sonar, HD CCTV (high-definition closed-circuit television) and its pioneered technology, pipe-penetrating radar (PPR). Under the terms of the SPA, Namesilo has agreed to acquire all of the issued and outstanding shares of SewerVUE, and, in consideration thereof, Namesilo has agreed to pay $2.45-million to the SewerVUE shareholders. Closing of the acquisition of SewerVUE is subject to satisfaction of the conditions set forth in the SPA. In connection with the transaction, the company will issue 78,750 common shares at a price of $1.40 per share to a third party finder. The shares will be subject to restrictions on resale for a period of four months from the date of issue. In addition, the company has granted to the finder options to purchase 150,000 exercisable at $1.40 per share for a period of five years from the date of grant. 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 (Internet Corporation for Assigned Names and Numbers) registrar, Namesilo is one of the fastest-growing domain registrars in the world with approximately 5.8 million active domains under management from approximately 160 countries. We seek Safe Harbor.