WILMINGTON, Del., Jan. 17, 2023 (GLOBE NEWSWIRE) — Onfolio Holdings Inc. (Nasdaq: ONFO, ONFOW) (the “Firm” or “Onfolio”), a holding firm that acquires and manages a diversified portfolio of on-line companies throughout a broad vary of verticals, right now introduced that it has entered into an asset buy settlement (the “Settlement”) with Contentellect Restricted (“Contentellect”) to accumulate considerably all its enterprise property for a purchase order value of $850,000 of money at closing. The transaction is predicted to shut within the first quarter of 2023.
Contentellect was launched in 2018 and commenced as a specialist content material writing service for software-as-a-service corporations. At the moment, Contentellect helps small-and medium-sized companies scale their content material with weblog writing, hyperlink constructing, and extra. The service providing consists of copywriting and outreach providers akin to content material writing providers, web site hyperlink constructing providers, social media advertising providers and digital assistant providers to people, companies and companies. The content material created helps clients by bettering natural site visitors through serps, permits them to conduct thought-leadership, and provides gross sales and advertising groups related and usable content material on the prime and center of the advertising funnel. Contentellect reported $330,000 of adjusted EBITDA in 2021 (on an unaudited foundation).
“Contentellect brings to Onfolio one other sturdy, compelling and various enterprise so as to add to our portfolio,” stated Dominic Wells, CEO of Onfolio. “Contentellect’s distinctive capacity to serve its purchasers as a full search engine marketing service matches into our current companies and additional dietary supplements our different search engine marketing service suppliers. We proceed to advance our technique of buying area of interest, worthwhile on-line companies, and we welcome the Contentellect staff to Onfolio.”
Mr. Wells continued, “Our pipeline of M&A goal alternatives stays strong, and we proceed to imagine there are ample alternatives forward. Our staff’s capacity to find and function digital companies whereas rising money flows constantly has allowed us to execute on our technique set forth with our entrance into the general public markets. We imagine the acquisition in Contentellect continues to supply traders a sexy alternative to diversify threat and additional positions Onfolio for long-term progress and worth creation.”
A Kind 8-Ok regarding the Contentellect transaction was filed with the Securities and Change Fee on January 17, 2023 and is accessible on the SEC’s web site at www.sec.gov.
Onfolio Holdings Inc.
Onfolio acquires and manages a diversified portfolio of on-line companies throughout a broad vary of verticals, every with a distinct segment content material focus and model id. Onfolio acquires companies that meet its funding standards, being that such companies function in sectors with long-term progress alternatives, have optimistic and secure money flows, face minimal threats of technological or aggressive obsolescence and might be managed by our current staff or have sturdy administration groups largely in place. The Firm excels at discovering acquisition alternatives the place the vendor has not absolutely optimized their enterprise, and Onfolio’s expertise and skillset permits it so as to add elevated worth to those current companies. Go to www.onfolio.com for extra info.
Protected Harbor Assertion
The knowledge posted on this launch might comprise forward-looking statements inside the which means of the Personal Securities Litigation Reform Act of 1995. You possibly can determine these statements by use of the phrases “might,” “will,” “ought to,” “plans,” “explores,” “expects,” “anticipates,” “continues,” “estimates,” “tasks,” “intends,” and comparable expressions. Ahead-looking statements contain dangers and uncertainties that might trigger precise outcomes to vary materially from these projected or anticipated. These dangers and uncertainties embody, however will not be restricted to, basic financial and enterprise situations, results of continued geopolitical unrest and regional conflicts, competitors, adjustments in expertise and strategies of promoting, delays in finishing new buyer choices, adjustments in buyer order patterns, adjustments in buyer providing combine, continued success in technological advances and delivering technological improvements, delays because of points with outsourced service suppliers, these occasions and components described by us underneath the caption “Danger Elements” included in our SEC filings and different dangers to which our Firm is topic, and numerous different components past the Firm’s management.
Alex Thompson / Greg Robles
Gateway Group, Inc.