APPlife Digital Solutions Inc. (OTC: ALDS) Reaches Signs Exclusive U.S. Distribution Agreement
Naples, FL
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March 01, 2023 04:00 AM Eastern Standard Time
The business incubation industry has grown at a breakneck pace over the course of the past decade or so and hence, it is only natural for investors to now take a keener interest in the industry. Some listed companies in the space have attracted attention recently, and one of those is APPlife Digital Solutions Inc (OTCMKTS:ALDS).
The company is involved in the business incubation and portfolio management space. Its operations are based out of offices in Shanghai, China, and San Francisco, California. The company is mainly involved in the creation and investment in cloud-based and e-commerce solutions. Some of the solutions that APPlife Digital creates could be deployed at home, recreation, and work. It also puts in the right amount of research so as to make its users more productive and efficient.
The company made a major new announcement last week on February 24 with regards to ROOSTERS ESSENTIALS, its grooming products e-commerce platform. It was announced that ROOSTERS ESSENTIALS had managed to ink an exclusive reseller agreement for online sales in the United States with GROUPE KANDY Inc.
GROUPE KANDY is a Canadian LED skincare, and anti-aging firm that offers a clinical-grade device that works on reversing the signs of aging. It was announced that the potentially revolutionary Kandyway Eternal Glow Therapy Mask would be made available to customers on the ROOSTERS ESSENTIALS e-commerce shop at some point in the coming two weeks.
The Chief Executive Officer of APPlife Digital Matthew Reid spoke about the industry as well. He noted that there was not a higher demand for anti-aging products which was rooted in the more positive attitude that people now had toward the process of aging.
He went on to add that the company was pleased to work with a company like GROUPE KANDY which is known for developing effective products in the particular space. It will help ROSSTERS ESSENTIALS in building a stronger community for its users and on top of that, the higher price point of the product would also help with the company’s revenues.
The company made another significant announcement last year on November 30. The company announced at the time that it was focused on diversifying its businesses and growing revenues through a focus on mergers and acquisitions. At the time, Matthew Reid noted that for most of 2022, the company had been involved in identifying mergers and acquisition targets.
He added that since the company was involved in the cloud and e-commerce industries, the scope for acquisitions was much wider and it could be possible for APPlife Digital to cast a much wider net. He also stated that the number of targets had been narrowed down and at the time APPlife Digital was in talks with a decision-maker at one of the target companies.
Reid added that there were other reasons as well why he felt confident about the future of APPlife Digital as a company. He noted that the company had been a fully reporting entity on the OTCQB for more than five years and that was one of the reasons behind the confidence. He added that the board of directors was going to help APPlife Digital sensibly seek acquisition opportunities by ways in which the company could grow. He also stated that there was the anticipation of listing to a national exchange.
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Mark McKelvie
+1 585-301-7700
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