NameSilo Technologies Corp. increases investment in Ola Media Innovations
CSE: URL / OTC: URLOF
VANCOUVER, BC, Feb. 21, 2024 /CNW/ - NameSilo Technologies Corp. (CSE: URL) (PINKSHEETS: URLOF) (the "Company"), the holding company and majority owner of Namesilo LLC, one of the largest domain registrars in the world, is pleased to announce that it has increased its investment in Ola Media Innovations Inc. ("OLA"), a leading Ride-share Advertainment service in Latin America, and now owns approximately 19.3% of OLA.
With almost 2,000 touch screens deployed in ride-share vehicles (including Uber & Didi) across three major markets in Mexico (Mexico City, Monterrey and Guadalajara), OLA has quickly become a leading advertisement platform that provides major international brands with industry leading client engagement statistics.
OLA's current repeat clients include Fortune 500 companies such as Coca Cola, Heineken Group, HBO Max, GlaxoSmithKline, Kellogg's and Netflix, along with strategic content partners including Spotify, Snapchat, Fever, Business Insider and many others.
Over the last seven calendar quarters, OLA has continually increased number of screens deployed, its client base and geographical footprint. Future plans for OLA include geographical expansion into additional Mexican cities, an international expansion throughout the Latin American region, and increasing screen count to ensure that OLA has sufficient platform inventory to service its growing client demand.
David Lamadrid, Co-founder & COO of OLA states "Latin America is the home of 5 of the 6 fastest growing digital ad markets in the world, with a Total addressable Digital Advertising market of over USD $11 billion. What makes OLA unique is the fact that we are a first of its kind, outdoor advertising platform with truly digital capabilities; allowing us to compete for both traditional digital advertising budgets, as well as novel digital investments. OLA has first-mover advantage, a substantial and growing presence, and the industry relationships that we need to become a dominant player in Latin American mobile advertisement, entertainment and data-aggregation strategies.
2023 was the year we proved that our business model is both highly scalable and has substantial operating margins, and that we have a leadership team that can execute at the highest levels. Our partnership with Namesilo Technologies has been invaluable to our progress, and we look forward to continuing to work with the advisory team at URL to grow OLA into the leading Advertainment solution in Latin America."
Paul Andreola, CEO of Namesilo Technologies states "OLA is a strategic investment for us and we expect to see substantial shareholder value from this holding over the coming years. Founders David and Daniel Lamadrid have succeeded in a very challenging and competitive market and have built a company that is winning major campaigns against established advertising platforms such as Google, Facebook and traditional billboards. The level of innovation they bring and the positive response from Blue-chip clients with ever-increasing average campaign sizes is a testament to the impact they have been able to make on the Latin American market in a very short period of time. We look forward to working closely with OLA to accelerate their reach and success over the coming quarters."
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 4.77 million active domains under management from approximately 160 countries.
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.
NEITHER THE CSE NOR ITS REGULATION SERVICES PROVIDERS (AS THAT TERM IS DEFINED IN THE POLICIES OF THE CSE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
SOURCE NameSilo Technologies Corp.
NameSilo Technologies Corp., Paul Andreola, President, CEO and Director, (604) 644-0072, www.brisio.com
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