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Affluence Corp - AFFU STOCK NEWS

Welcome to our dedicated news page for Affluence (Ticker: AFFU), a resource for investors and traders seeking the latest updates and insights on Affluence.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Affluence's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Affluence's position in the market.

News
Affluence Corporation Announces Intent to Acquire Multiple IoT Technology and Integration Services Companies
Rhea-AI Summary
Affluence announces strategic acquisitions to strengthen OneMind Technologies and expand market reach by forming Digibriks. The acquisitions include three IoT technology companies to enhance software products, engineering, and implementation services, boosting revenue and technology integration. The move aims to provide an end-to-end solution, entry into new markets, and access to a larger partner ecosystem.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.85%
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acquisition
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Affluence Corporation Announces Intent to Acquire Durham Black LLC and Appoint Leadership Team to Key Executive Roles
Rhea-AI Summary
Affluence Corporation, a leader in Smart City Software and IoT technology, has announced its strategic intent to acquire Durham Black, LLC, a strategic advisory firm. The acquisition aims to establish Affluence as a global leader in solutions for smart industries and the next generation Internet. Following the acquisition, Patrick Shutt will be named CEO and Chairman of the Board, and Mary Stanhope will become COO. This move positions Affluence to significantly grow the company in 2024 and opens new opportunities for innovation and collaboration.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
30%
Tags
management acquisition
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News
Affluence Corporation Announces Intent to Acquire Contrivian, Inc.
Rhea-AI Summary
Affluence Corporation (AFFU) has announced the acquisition of Contrivian Inc., a global next-generation connectivity provider, expanding its product portfolio into the $500 billion global connectivity market. The acquisition is the first step in a series of planned acquisitions to significantly grow Affluence. Contrivian brings innovative technology and software automation to the global connectivity space, offering intelligent, high-performance internet solutions for enterprise customers globally. The acquisition is expected to bring meaningful value to Affluence and establish the company as a leader in the global connectivity market.
Rhea-AI Impact
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End-of-Day
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acquisition
News
Affluence Corporation Partners with Durham Black to Position the Company for Growth
Rhea-AI Summary
Affluence Corporation (AFFU) partners with Durham Black to execute a growth strategy, expanding into new markets and adding value through acquisitions. The partnership aims to establish Affluence as a global leader in Smart City Software and Internet of Things (IoT) technology. The company plans to grow both organically and through acquisitions, with the goal of adding three to four high-quality companies over the next twelve months. The partnership is expected to unlock new markets for its subsidiary, OneMind Technologies, and drive growth in 2024.
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End-of-Day
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partnership
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News
Affluence Corporation Announces Third Quarter Revenue and Net Income
Rhea-AI Summary
Affluence Corporation (OTC PINK:AFFU) released its earnings for the Third Quarter of 2023, reporting revenue of $433,000 and a gross margin of 84%. The company emphasized its focus on increasing SaaS customers and investing in product development, new market verticals, and an increased sales presence in new geographies. Affluence Corporation posted a loss of $183,000 primarily due to investment in additional staff. OneMind Technologies achieved the designation as a Dell Certified Edge Partner and enhanced its relationship with Claro Company, becoming a distribution partner and jointly working sales opportunities in Mexico and Latin America. The company also introduced a new software product, OneMind NG Polar, which is a smart IoT tool applicable for Smart City command and control, Big Data applications, telecom, and data centers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
14.29%
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none
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News
Affluence Corporation’s OneMind Technology Subsidiary on Display With Dell and Nvidia at the Smart City Expo World Congress 2023 Conference
Rhea-AI Summary
Affluence Corporation announces participation in Smart City Expo World Congress 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10%
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none
News
Affluence Corporation's OneMind Technologies Along With Orange Business Services Participates in Formal Signing Ceremony for the King Abdullah Financial District Project
Rhea-AI Summary
OneMind Technologies and Orange Business Services sign agreement for King Abdullah Financial District Project, aiming to enhance smart city experience with advanced technologies.
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Affluence Corporation Announces Second Quarter Revenue and Net Income
Rhea-AI Summary
Affluence Corporation (OTC PINK:AFFU) reported Q2 revenue of $563,275 and net income of $42,322. First Software as a Service (SaaS) customer and first US customer from Dell Technologies partnership. Q2 revenue is approximately 13% higher than same period last year. SaaS option expected to increase reach and future prospects. Received first US customer and have more Dell US opportunities in pipeline.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-31.25%
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none
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News
Affluence Corporation's OneMind Technologies Expands Into South America Through Partnership with Globe S.A.
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
33.33%
Tags
partnership
News
Affluence Corporation's OneMind Technologies Awarded Multi-Million Dollar Contract For Smart City Project in Saudi Arabia's Capital
Rhea-AI Summary
Affluence Corporation has secured a multi-year, multi-million dollar contract to provide its smart city software solution to a high-profile smart city project in Riyadh, Saudi Arabia. The contract was secured by one of their premier technology partners, and there are more contracts associated with this project that will be awarded in the next twelve months. The company's Q2 financials will include the software for Phase 1 of the project.
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End-of-Day
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