Affluence Corporation Issues Shareholder Letter Highlighting Strategic Growth, U.S. Expansion and Financial Reset
Affluence Corporation (OTCID:AFFU), a global technology company focused on Smart City solutions, has announced significant strategic changes under new President Oscar Brito. The company reported €6.4 million in signed contracts across Europe, Asia, and Central Africa in H1 2025, with €2.95 million already billed.
Key initiatives include expanding U.S. operations, restructuring legacy debt, pursuing strategic acquisitions, and engaging a PCAOB registered audit firm for 2024-2025 financial statements. The company aims to transform into a roll-up platform for next-generation infrastructure technology while focusing on Smart Cities, AI, IoT, and 5G solutions.
Affluence Corporation (OTCID:AFFU), un'azienda tecnologica globale specializzata in soluzioni per le Smart City, ha annunciato importanti cambiamenti strategici sotto la guida del nuovo Presidente Oscar Brito. Nel primo semestre del 2025, la società ha riportato contratti firmati per un valore di 6,4 milioni di euro in Europa, Asia e Africa Centrale, con 2,95 milioni di euro già fatturati.
Le iniziative principali includono l'espansione delle operazioni negli Stati Uniti, la ristrutturazione del debito preesistente, la ricerca di acquisizioni strategiche e l'ingaggio di una società di revisione contabile registrata presso il PCAOB per i bilanci 2024-2025. L'obiettivo è trasformarsi in una piattaforma roll-up per tecnologie infrastrutturali di nuova generazione, concentrandosi su Smart Cities, AI, IoT e soluzioni 5G.
Affluence Corporation (OTCID:AFFU), una empresa tecnológica global enfocada en soluciones para Ciudades Inteligentes, ha anunciado cambios estratégicos significativos bajo la dirección del nuevo presidente Oscar Brito. La compañía reportó contratos firmados por 6,4 millones de euros en Europa, Asia y África Central durante el primer semestre de 2025, con 2,95 millones de euros ya facturados.
Las iniciativas clave incluyen la expansión de operaciones en EE. UU., la reestructuración de deuda heredada, la búsqueda de adquisiciones estratégicas y la contratación de una firma auditora registrada en PCAOB para los estados financieros 2024-2025. La empresa apunta a transformarse en una plataforma roll-up para tecnología de infraestructura de próxima generación, enfocándose en Ciudades Inteligentes, IA, IoT y soluciones 5G.
Affluence Corporation (OTCID:AFFU)는 스마트 시티 솔루션에 주력하는 글로벌 기술 기업으로, 신임 사장 오스카 브리토(Oscar Brito) 아래 중요한 전략적 변화를 발표했습니다. 2025년 상반기 동안 유럽, 아시아, 중앙 아프리카에서 640만 유로 규모의 계약을 체결했으며, 295만 유로가 이미 청구되었습니다.
주요 계획으로는 미국 사업 확장, 기존 부채 재구조화, 전략적 인수 추진, 2024-2025 회계연도 재무제표를 위한 PCAOB 등록 감사 법인 고용 등이 포함됩니다. 회사는 스마트 시티, AI, IoT, 5G 솔루션에 집중하며 차세대 인프라 기술을 위한 롤업 플랫폼으로 변모하는 것을 목표로 하고 있습니다.
Affluence Corporation (OTCID:AFFU), une entreprise technologique mondiale spécialisée dans les solutions pour les villes intelligentes, a annoncé d'importants changements stratégiques sous la direction du nouveau président Oscar Brito. La société a déclaré avoir signé pour 6,4 millions d'euros de contrats en Europe, en Asie et en Afrique centrale au premier semestre 2025, avec 2,95 millions d'euros déjà facturés.
Les initiatives clés comprennent l'expansion des opérations aux États-Unis, la restructuration de la dette existante, la recherche d'acquisitions stratégiques et l'engagement d'un cabinet d'audit enregistré auprès du PCAOB pour les états financiers 2024-2025. L'entreprise vise à se transformer en une plateforme roll-up pour les technologies d'infrastructure de nouvelle génération, en se concentrant sur les villes intelligentes, l'IA, l'IoT et les solutions 5G.
Affluence Corporation (OTCID:AFFU), ein globales Technologieunternehmen mit Schwerpunkt auf Smart City-Lösungen, hat unter dem neuen Präsidenten Oscar Brito bedeutende strategische Veränderungen angekündigt. Das Unternehmen meldete im ersten Halbjahr 2025 unterzeichnete Verträge im Wert von 6,4 Millionen Euro in Europa, Asien und Zentralafrika, davon wurden bereits 2,95 Millionen Euro in Rechnung gestellt.
Zu den wichtigsten Initiativen gehören die Expansion der US-Geschäfte, die Umstrukturierung von Altschulden, die Verfolgung strategischer Akquisitionen und die Beauftragung einer beim PCAOB registrierten Wirtschaftsprüfungsgesellschaft für die Finanzberichte 2024-2025. Das Unternehmen strebt an, sich zu einer Roll-up-Plattform für Infrastrukturtechnologien der nächsten Generation zu entwickeln, mit Fokus auf Smart Cities, KI, IoT und 5G-Lösungen.
- None.
- Presence of legacy debt and dilutive convertible notes requiring restructuring
- Lack of current audited financial statements
- Historical inconsistency in shareholder communications
BOULDER, CO / ACCESS Newswire / July 22, 2025 / Affluence Corporation (OTCID:AFFU) a diversified global technology company focused on Smart City, Industrial IoT, and security software solutions, today issued a letter to its shareholders from the newly appointed President, Oscar Brito.
Dear Shareholders,
As your new President and Chief Financial Officer, I am honored to step into a role that comes at a pivotal time for Affluence Corporation. Our vision is bold but grounded: to transform AFFU into a roll-up platform for next-generation infrastructure technology-centered around Smart Cities, AI, IoT, and 5G-while restoring financial health and unlocking substantial value for our shareholders.
In the first half of 2025, our operating subsidiaries, secured over
We are now bringing this global momentum home.
Starting this quarter, we are launching a renewed focus on the U.S. market. Multiple domestic projects are already underway, and we expect our U.S. pipeline to grow significantly in the second half of the year. This shift reflects a strategic rebalancing: combining our global execution with the high-growth potential of domestic infrastructure investment.
As part of this repositioning, we are initiating a series of financial and structural plans to strengthen our balance sheet, including:
A cleanup and restructuring of legacy debt instruments, including dilutive convertible notes
Strategic acquisitions of cash-flow positive technology businesses
Alignment with long-term institutional investors, replacing short-term noteholders with committed growth capital
The Board of Directors is reviewing an engagement letter from a PCAOB registered audit firm with goal of issuing audited financial statements for the years ended December 31, 2025 and 2024.
Our ambition is to create a scalable holding company with real revenues, global contracts, and a unified product platform built for the future of cities, industries, and security.
With my background in raising significant and material capital across telecommunications, infrastructure, and private equity, I will apply the same rigor and network to AFFU-ensuring we build on real substance.
Our near-term goals include:
Expanding U.S. operations and onboarding new municipal and enterprise clients
Launching acquisitions that extend our presence into adjacent high-margin verticals
Re-engaging the investment community with clarity, transparency, and results
To our loyal shareholders: we recognize that AFFU's story has not always been consistently delivered. That changes now. Expect regular updates. Expect real metrics. Expect that our plans will be implemented.
Thank you for your continued support as we enter this exciting new chapter.
Sincerely,
Oscar Brito
President
About Affluence Corporation
Affluence Corporation (AFFU.OTCID) 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 Mingothings SLU
Mingothings SLU ("MTi") 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, MTi provides innovative solutions designed to maximize efficiency, sustainability, and operational performance in diverse IoT applications.
About OneMind Technologies SLU
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.
For more information go to
https://onemindng.com/
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements that are not historical in nature, including the words "anticipate," "expect," "suggests," "plan," "believe," "intend," "estimates," "targets," "projects," "should," "could," "would," "may," "will," "forecast" and other similar expressions are intended to identify forward-looking statements. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. 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, the failure to retain management and/or key employees , availability and the cost of capital, success of growth initiatives, limited operating history, failure to successfully close any proposed acquisitions, failure raise sufficient capital and other risks discussed in our filings with the OTCMarkets. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Affluence Corporation assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
Media and investor contact - press@affucorp.com
SOURCE: Affluence Corp.
View the original press release on ACCESS Newswire
FAQ
What contracts has Affluence Corporation (AFFU) secured in 2025?
Who is the new President of Affluence Corporation (AFFU)?
What are Affluence Corporation's (AFFU) main strategic initiatives for 2025?
What is Affluence Corporation's (AFFU) business focus?
What financial restructuring plans does Affluence Corporation (AFFU) have?
