Namesilo completes SewerVUE Technology acquisition

Mr. Paul Andreola reports NAMESILO TECHNOLOGIES CORP. COMPLETES ACQUISITION OF SEWERVUE TECHNOLOGY CORP. Namesilo Technologies Corp. has completed its acquisition of SewerVUE Technology Corp. pursuant to a definitive share purchase agreement (SPA) among the company, SewerVUE and the former shareholders of SewerVUE. Under the terms of the SPA, Namesilo acquired all of the issued and outstanding shares of SewerVUE and, in consideration thereof, Namesilo paid $2.45-million to the SewerVUE shareholders. SewerVUE has pioneered large-diameter pipe inspection technology with innovations such as pipe-penetrating radar and multisensor inspections to ensure their 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 their pioneered technology pipe-penetrating radar (PPR). In connection with the transaction, the company issued 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 150,000 stock options exercisable at $1.51 per share for a period of five years from the date of grant. About Namesilo Technologies Corp. 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.