Onfolio Holdings Inc. Sells BWPS WordPress Business For $780,000

Core Insights - Onfolio Holdings Inc. has completed the sale of its BWPS WordPress business for $780,000 to WebStreet, with$650,000 received immediately and $130,000 held back pending migration completion [1][2] - The sale is expected to generate a capital gain of approximately$150,000 for Onfolio [1] - For the fiscal year ending December 31, 2023, the BWPS WordPress business reported revenue of approximately $360,000 and unaudited adjusted EBITDA of$200,000 [1] Company Strategy - The decision to sell the BWPS WordPress business allows Onfolio's management to concentrate on its growing B2B agency portfolio and information products, which are now considered core businesses [2] - The proceeds from the sale will be utilized to strengthen the company's balance sheet, enhance working capital, and facilitate further acquisitions in core business areas [2] About Onfolio - Onfolio specializes in acquiring and managing a diversified portfolio of online businesses that demonstrate long-term growth potential, stable cash flows, and minimal competitive threats [2] - The company aims to identify acquisition opportunities where sellers have not fully optimized their businesses, leveraging its expertise to add value [2] About WebStreet - WebStreet, established in 2021, has raised over $50 million and acquired more than 50 assets, providing passive investors with exposure to profitable online businesses [3] - The firm collaborates with top operators to acquire and grow businesses in sectors such as SaaS, e-commerce, media, and services [3] About FE International - The transaction was facilitated by FE International, a strategic advisor for technology businesses, which has completed over 1,500 transactions valued at over$50 billion [4] - FE International has been recognized as one of The Americas' Fastest Growing Companies from 2020 to 2024 by the Financial Times [4]