WILMINGTON, Del., Nov. 20, 2023 (GLOBE NEWSWIRE) -- Onfolio Holdings Inc. (Nasdaq: ONFO, ONFOW) (the "Company" or "Onfolio"), a holding company that acquires and manages a diversified portfolio of online businesses, announces that its molecular hydrogen supplement subsidiary Vital Reaction successfully launched an innovative new pocket inhaler “Kencos” at the end of October.
“One of the keys for growth of Vital Reaction is to launch new products, as you would expect with any eCommerce brand. Kencos has a mass appeal as an alternative to vaping or smoking for those wishing to quit. It was great to see the team at Vital Reaction, lead by Shaun Thresher, bring the product to market and have a successful launch,” said Onfolio CEO Dom Wells.
“We’ve been looking for ways to bring the benefits of Molecular Hydrogen to a wider audience, and this healthy alternative to vaping is an exciting way of doing so. The launch went as well as expected, and we’re looking forward to seeing Kencos become a core part of the Vital Reaction brand moving forwards,” said Thresher.
During October, Vital Reaction recorded around $85,000 worth of product sales, of which $14,500 were from sales of Kencos in the final week of the month. This means the new product accounted for 17% of revenue in ¼ of the time.
For more information on the Kencos, visit the product information page here.
About Onfolio Holdings Inc.
Onfolio acquires, manages, and optimizes a diversified portfolio of digital companies. It buys businesses that are in sectors with long-term growth opportunities, have positive and stable cash flows, face minimal threats from competitors or emerging technology, and have strong management teams or can effectively be managed by the Onfolio team. The Company finds acquisition targets where the business potential is not yet maximized and adds increased value by leveraging its experience, skillset, and the latest tools and technologies. For more information, visit www.onfolio.com.
Safe Harbor Statement
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Company Contact:
Investor Communications
Onfolio Holdings Inc
Investors@Onfolio.com
Investors Relations:
Bret Shapiro
CORE IR
brets@coreir.com
516-222-2560
Media:
Kati Waldenburg
CORE IR
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516-222-2560
