{"id":728939,"date":"2023-02-06T11:17:23","date_gmt":"2023-02-06T16:17:23","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/onfolio-holdings-inc-completes-acquisition-of-contentellect-business\/"},"modified":"2023-02-06T11:17:23","modified_gmt":"2023-02-06T16:17:23","slug":"onfolio-holdings-inc-completes-acquisition-of-contentellect-business","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/onfolio-holdings-inc-completes-acquisition-of-contentellect-business\/","title":{"rendered":"Onfolio Holdings Inc. Completes Acquisition of Contentellect Business"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">WILMINGTON, Del., Feb.  06, 2023  (GLOBE NEWSWIRE) &#8212; <strong>Onfolio Holdings Inc.<\/strong> (Nasdaq: ONFO, ONFOW) (the \u201cCompany\u201d or \u201cOnfolio\u201d), a holding company that acquires and manages a diversified portfolio of online businesses across a broad range of verticals, today announced the completion of the Company\u2019s previously announced asset purchase agreement (the \u201cAgreement\u201d) with Contentellect Limited (\u201cContentellect\u201d) to acquire substantially all its business assets for a purchase price of $850,000 of cash at closing, pursuant to an agreement entered into on January 13, 2023.<\/p>\n<p align=\"justify\">Contentellect was launched in 2018 and began as a specialist content writing service for software-as-a-service companies. Today, 875+ businesses and 65+ agencies rely on Contentellect\u2019s software, which helps small-and medium-sized businesses scale their content with blog writing, link building, and more. The service offering consists of copywriting from a 100+ writer talent pool, and outreach services such as content writing services, website link building services, social media marketing services and virtual assistant services to individuals, businesses and agencies. The content created helps customers by improving organic traffic via search engines, enables them to conduct thought-leadership, and gives sales and marketing teams relevant and usable content at the top and middle of the marketing funnel. Contentellect reported $340,000 of adjusted EBITDA in 2022 (on an unaudited basis).<\/p>\n<p align=\"justify\">\u201cWe are excited to have completed our acquisition of Contentellect and look forward to capitalizing on the attractive growth opportunities ahead,\u201d said Dominic Wells, CEO of Onfolio. \u201cSince inception, Contentellect has steadily expanded its service offering to assist small-and medium-sized companies reach their growth potential, and we are excited to work with Jason and his team to advance Contentellect\u2019s strategy and unlock value.\u201d<\/p>\n<p align=\"justify\">&#8220;Contentellect has an enormous opportunity ahead of it as we navigate the content marketing space, especially with the advent of potentially industry-changing AI technology,\u201d said Jason Smit, CEO of Contentellect. \u201cThe demand for genuinely great storytelling combined with the expertise to reach the right audiences is only growing, and Contentellect has the tools and know-how to help brands achieve this.&#8221;<\/p>\n<p align=\"justify\">A Form 8-K relating to the Contentellect transaction was filed with the Securities and Exchange Commission on February 6, 2023 and is available on the SEC\u2019s website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=sB8noSxqpkY80hNB3Q1THKMieF3qf76csMvLyvp3G7RJEXnsAu_TBYWuBXNj0cjrLRE9o7ZAaljtdFg6dPrMqQ==\" rel=\"nofollow noopener\" target=\"_blank\">www.sec.gov<\/a>.<\/p>\n<p align=\"justify\">\n        <strong>Onfolio Holdings Inc. <\/strong>\n      <\/p>\n<p align=\"justify\">Onfolio acquires and manages a diversified portfolio of online businesses across a broad range of verticals, each with a niche content focus and brand identity. Onfolio acquires businesses that meet its investment criteria, being that such businesses operate in sectors with long-term growth opportunities, have positive and stable cash flows, face minimal threats of technological or competitive obsolescence and can be managed by our existing team or have strong management teams largely in place. The Company excels at finding acquisition opportunities where the seller has not fully optimized their business, and Onfolio\u2019s experience and skillset allows it to add increased value to these existing businesses. Visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=1Rwj3VUQ_U6ebh55SFdFRRCnJnZkfdK0yJY2tvFGX6punjm9UNAHNX2AdpCBZ-9CRto9pell9dix7enMAxX0BA==\" rel=\"nofollow noopener\" target=\"_blank\">www<em>.<\/em>onfolio.com<\/a> for more information.<\/p>\n<p align=\"left\">\n        <strong>Safe Harbor Statement<\/strong><br \/>\n        <br \/>The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words \u201cmay,\u201d \u201cwill,\u201d \u201cshould,\u201d \u201cplans,\u201d \u201cexplores,\u201d \u201cexpects,\u201d \u201canticipates,\u201d \u201ccontinues,\u201d \u201cestimates,\u201d \u201cprojects,\u201d \u201cintends,\u201d and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing new customer offerings, changes in customer order patterns, changes in customer offering mix, continued success in technological advances and delivering technological innovations, delays due to issues with outsourced service providers, those events and factors described by us under the caption \u201cRisk Factors\u201d included in our SEC filings and other risks to which our Company is subject, and various other factors beyond the Company\u2019s control.<\/p>\n<p align=\"justify\">\n        <strong>Investor Contact<\/strong>\n      <\/p>\n<p>Alex Thompson \/ Greg Robles<br \/>Gateway Group, Inc.<br \/>949.574.3860<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=mpEluby3AqOWxMIwbPTpOGlxwoML91vMcmXvuuZIfACvXale0VZmjeCcQarZi8Z-cBEpd6fDgMU7bS2fbuZo8A_kLyuTsZrWqDNNUj4gHQw=\" rel=\"nofollow noopener\" target=\"_blank\">ONFO@gatewayir.com<\/a>\u00a0<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODc0MzU1NCM1MzkzNzY2IzIyNTA0NDg=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/MjUxMDIyNGYtMjQyMC00MTM2LTllNmUtZTU5OTNlOTRhNDBiLTEyNjIwMDE=\/tiny\/Onfolio-Holdings-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>WILMINGTON, Del., Feb. 06, 2023 (GLOBE NEWSWIRE) &#8212; Onfolio Holdings Inc. (Nasdaq: ONFO, ONFOW) (the \u201cCompany\u201d or \u201cOnfolio\u201d), a holding company that acquires and manages a diversified portfolio of online businesses across a broad range of verticals, today announced the completion of the Company\u2019s previously announced asset purchase agreement (the \u201cAgreement\u201d) with Contentellect Limited (\u201cContentellect\u201d) to acquire substantially all its business assets for a purchase price of $850,000 of cash at closing, pursuant to an agreement entered into on January 13, 2023. Contentellect was launched in 2018 and began as a specialist content writing service for software-as-a-service companies. Today, 875+ businesses and 65+ agencies rely on Contentellect\u2019s software, which helps small-and medium-sized businesses scale their content with blog writing, link &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/onfolio-holdings-inc-completes-acquisition-of-contentellect-business\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Onfolio Holdings Inc. Completes Acquisition of Contentellect Business&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-728939","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Onfolio Holdings Inc. Completes Acquisition of Contentellect Business - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/onfolio-holdings-inc-completes-acquisition-of-contentellect-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Onfolio Holdings Inc. Completes Acquisition of Contentellect Business - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"WILMINGTON, Del., Feb. 06, 2023 (GLOBE NEWSWIRE) &#8212; Onfolio Holdings Inc. (Nasdaq: ONFO, ONFOW) (the \u201cCompany\u201d or \u201cOnfolio\u201d), a holding company that acquires and manages a diversified portfolio of online businesses across a broad range of verticals, today announced the completion of the Company\u2019s previously announced asset purchase agreement (the \u201cAgreement\u201d) with Contentellect Limited (\u201cContentellect\u201d) to acquire substantially all its business assets for a purchase price of $850,000 of cash at closing, pursuant to an agreement entered into on January 13, 2023. Contentellect was launched in 2018 and began as a specialist content writing service for software-as-a-service companies. Today, 875+ businesses and 65+ agencies rely on Contentellect\u2019s software, which helps small-and medium-sized businesses scale their content with blog writing, link &hellip; Continue reading &quot;Onfolio Holdings Inc. 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