Affluence Corp (AFFUD)

[oldstocks]

A reverse split will not will not help get them to NASDAQ.
They have to get the market cap value up to $50 million
Nasdaq Listing Rule 5450(b) (2)(A), which requires companies to maintain a minimum market value of listed securities ("MVLS") of US$50 million

Right now market value $13,143.11
A current closing price $0.000001 they need to get the price up to $0.00381

They need to get their act together and bring the shareholder value way up.

They need to focus on huge contracts and huge profits.

Focus on hugely increasing shareholder value.

MTi Mingothings needs to quickly step up and show what they can bring to AFFU



It has been almost 14 months Since Mingothings got together with Affluence publicly, at that time the share price was .0022
BUT 7 months before that news came out
Affluence Corporation announced that it has reached an agreement to acquire three IoT technology companies and, along with OneMind Technologies, will form a new company.

Way back then i predicted Mingothings was the main company to make all that happen.
Back then AFFU had a high of $0.0124 and while the insiders and management were planning all this $AFFU had a high of $0.0198 on 2/26/2024

So yes management and MTi Mingothings needs to quickly step up and improve shareholder value backing up what they started and produce the huge revenues and profits that we were lead to think they were going to be producing.

It is time for MTi Mingothings to steer this ship forward rather than sink it like a submarine.

It is time to get this back to 2 cents a share so it can get to 10 cents a share generically some day.

OAK BROOK, IL / ACCESSWIRE / November 19, 2024 / Affluence Corporation (OTC PINK:AFFU) is pleased to announce that following last week's Smart City Expo World Congress in Barcelona its subsidiary OneMind Technologies SL, a leader in Smart City and IoT technology platforms, and Mingothings SLU, an expert in IoT integration and real-time data solutions, have signed a Memorandum of Understanding (MoU) to establish a strategic partnership. This collaboration will leverage each company's strengths to further advance IoT, smart city infrastructure, and technology-driven solutions for clients across the public and private sectors.

The MoU sets forth a framework for cooperation in critical areas, including business development, pre-sales, and marketing. Together, Mingothings and OMT aim to enhance operational efficiency, security, and sustainability for cities and industries by combining the power of OMT's proprietary OneMind platform with Mingothings' expertise in integrated IoT services. This partnership will drive innovation across Smart Cities, Security Command and Control, and Industrial IoT applications, accelerating technology adoption and deployment.

"We are excited to work alongside Mingothings, an industry peer who's proven IoT integration capabilities make them a highly valuable partner," said Thierry Scozzesi, Chief Commercial Officer of OneMind Technologies. "Our collaboration brings together two established leaders in the IoT space, uniquely positioning us to address complex urban and industrial challenges with impactful, data-driven solutions."

"Mingothings has consistently pushed the boundaries of IoT technology, and this partnership with OneMind underscores our commitment to delivering advanced, integrated solutions," said Francesc Domingo, CEO of Mingothings. "Together, we will expand the frontiers of what is possible in IoT and smart city innovation, bringing new levels of efficiency, safety, and sustainability to our clients."

Through this MoU, both companies will engage in joint initiatives, including collaborative market development, co-branded marketing efforts, and shared customer engagement resources. The partnership also emphasizes a comprehensive customer support framework to deliver customized solutions and ensure successful project execution.


About Affluence Corporation
Affluence Corporation (AFFU.PK) is a diversified technology company focused on smart city software and innovative solutions that capitalize on IoT, AI and 5G technologies. We are investing in mid-market businesses to create a cohesive unit which brings together technology for the next generation of internet. For more information go to https://affucorp.com

About OneMind Technologies SL
OneMind Technologies, based in Barcelona, Spain, is a recognized provider of IoT, Smart City, and Security Command and Control solutions. With its innovative OneMind platform, OMT enables cities and industries to optimize operations, enhance public safety, and support sustainable development. https://www.onemindtechnologies.com

About Mingothings SLU
Mingothings is a trusted specialist in integrated IoT solutions and data analytics for smart cities and connected industries. With expertise in real-time data processing, sensor integration, and adaptable IoT platforms, Mingothings provides innovative solutions designed to maximize efficiency, sustainability, and operational performance in diverse IoT applications. https://www.mingothings.com/

Investor Relations

For further information contact Affluence Corporation Investor Relations at [phone].

Forward-looking statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. There are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including: general economic business conditions, competitive and technological factors, markets, services, products and prices, availability and the cost of capital, success of growth initiatives, limited operating history and other factors discussed in our filings with the Securities and Exchange Commissions. Additionally, this release may not be considered as legal, accounting, or investment advice, and is not, and may not be considered, a solicitation for the purchase of any securities issued by Affluence Corporation.

SOURCE: Affluence Corp



Strategic acquisitions strengthen OneMind Technologies and expand market reach.

OAK BROOK, IL / ACCESSWIRE / April 9, 2024 / Affluence Corporation, a leader in Smart City Software and Internet of Things (IoT) technology, today announced that it has reached an agreement to acquire three IoT technology companies and, along with OneMind Technologies, will form a new company named Digibriks. The proposed acquisition includes companies with complementary software products, engineering, integration, and implementation services capabilities. Affluence has executed Letters of Intent with all three companies, and upon completion, Digibriks will become a wholly owned subsidiary of Affluence, giving OneMind Technologies an end-to-end solution and entry into Telecom, Manufacturing as well as expanding its footprint into the Smart City markets. Affluence is under NDA with all three companies, and the acquired companies will be identified via press release upon completion of the definitive acquisition documents.

"This proposed acquisition is a continuation of our strategic plan to significantly grow Affluence in 2024. The proposed acquisition achieves multiple goals for Affluence," said James E Honan, Jr., CEO of Affluence Corporation. "First and foremost, this acquisition will add to top-line revenue as well as positive earnings and cash flow. In 2023, the combination of these three companies recorded approximately $5 million in revenue and over $1 million in EBITDA. Secondly, we will have an improved technology platform integrating Digibriks' connectivity solutions, IIOT platforms, and digital twin technologies with OneMind, giving Affluence a dominant product in multiple industries. Third, this acquisition will give access to a large installed base for the new OneMind product, greater access to a growing network of a world-class partner ecosystem, and a large reseller and distributor network. In addition, we will take advantage of the economies of scale with a more efficient operating cost structure for all four companies."

The proposed acquisition will strengthen OneMind Technologies' Hypervisor NG product and enable the product to manage devices and networks, connect to Industrial systems and standards, and streamline the operations and maintenance cycles of industrial projects. The merged solutions will also expand the company's integration capabilities beyond The Smart City space to develop new Telecom and Manufacturing opportunities.

Upon completion of the definitive acquisition documents, Affluence will identify the three merged companies in a formal press release. The first of the merged companies specializes in crafting valuable ecosystems through a combination of robust IoT software and networking solutions. The companies are experts in interconnected systems, solution development, and network optimization through a blend of cutting-edge software, integration capabilities, and consulting services. One company provides definitive expertise in project completion, specializing in adaptation design and installation of technology initiatives focusing on smart systems, specifically in the Mobility, Telecom, and Manufacturing sectors. Their unique approach combines deep technical expertise with a client-centric focus to transform complex technology into user-friendly solutions. The third company develops a suite of software products for intelligent IoT platforms. Their software suite includes intelligent device monitoring, intelligent operations centers, and, most importantly, cyber security operations centers. The integration of these technologies with OneMind will be unmatched in the marketplace. All three companies are generating revenue and are cash flow positive.

"Affluence is looking forward to working with all of the principals of the merged companies as we continue to build a world-class software and services organization," continued Honan. "We are excited for the opportunity to take OneMind into more lucrative markets while establishing a complementary partner ecosystem with an installed base to upgrade to Hypervisor NG. In addition, because of our new ability to offer engineering and integration services, we can take a larger piece of the opportunities we win, ensuring a streamlined customer experience."

"In addition, Affluence Corporation would like to provide an update on the acquisitions of Durham Black and Contrivian," said Honan. "All of the involved parties have mutually agreed to extend the due diligence period and extend the timeframe of the Letter of Intent agreements. We had successful and substantive meetings in Chicago last week with both companies, and we should have definitive merger documents for both companies within the next few weeks."

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About Affluence Corporation Affluence Corporation (AFFU.PK) is a diversified technology company focused on smart city and industry software and innovative solutions that capitalize on IoT, AI, 5G and edge technologies. We are investing in mid-market businesses to create a cohesive unit which brings together technology for the next generation of internet. For more information go to https://affucorp.com.

About OneMind Technologies SL OneMind Technologies SL based in Barcelona Spain is a wholly owned subsidiary of Affluence Corporation. The OneMindNG intelligent IoT solution builder is used to create applications for smart city and smart industries operations. Functioning as systems of systems, OneMindNG platform connects data sources to one single point of insight to provide real-time information on operational processes. It is a key component in the Smart City and enterprise solutions currently being offered by several Fortune 50 companies that resell, distribute, and integrate smart city enterprise solutions. For more information go to https://www.onemindng.com.

# # #

For further information contact Affluence Corporation Investor Relations at 720-295-6409.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. There are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including: general economic business conditions, competitive and technological factors, markets, services, products and prices, availability and the cost of capital, success of growth initiatives, limited operating history and other factors discussed in our filings with the Securities and Exchange Commissions. Additionally, this release may not be considered as legal, accounting, or investment advice, and is not, and may not be considered, a solicitation for the purchase of any securities issued by Affluence Corporation.

SOURCE: Affluence Corporation





As far as that goes there will be a lot more NASDAQ companies making it to the OTC market because the NASDAQ has made it so easy for companies on the NASDAQ to do reverse splits to stay on the NASDAQ a little bit longer but eventually end up sending them to the OTC anyway because the companies forgot or didn’t think of keeping the market value of the company at US$50 million or higher.