Affluence Corporation Subsidiary MTi Secures Over €3 Million in New Contracts Across Europe, Asia, and Central Africa
Rhea-AI Summary
Affluence Corporation (OTC Pink:AFFU) announced that its subsidiary Mingothings International (MTi) has secured new contracts worth over €3 million in June 2025. The contracts span across Europe, Asia, and Central Africa, involving projects with European defense integrators, global sports organizations, and Asian government security agencies.
The projects focus on key verticals including Smart Cities, Security, and Digital Transformation. The company is awaiting formal client approvals to publicly disclose specific customer names in future announcements. These wins align with Affluence Corporation's 2025 strategic priorities and demonstrate its geographical expansion capabilities.
Positive
- Secured new contracts worth over €3 million in June 2025
- Geographic expansion across multiple continents (Europe, Asia, Central Africa)
- Diversified customer base including defense integrators, sports organizations, and government agencies
- Strategic alignment with 2025 company priorities
Negative
- Client names not yet disclosed pending formal approvals
News Market Reaction 1 Alert
On the day this news was published, AFFU gained 100.00%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
OAK BROOK, IL / ACCESS Newswire / June 27, 2025 / Affluence Corporation, (OTC Pink:AFFU), a global technology holding company specializing in smart infrastructure and edge computing solutions, announced today that its subsidiary Mingothings International (MTi) has successfully secured multiple new contracts in June 2025, further strengthening its growth trajectory.
MTi has finalized commercial agreements exceeding a total value of
Among these recent wins are projects involving key customers and partners, including major European defense integrators, leading global sports organizations, and Asian government security agencies. Formal client approvals are currently being finalized to allow for public disclosure of their names in upcoming announcements.
"This solid commercial momentum reflects our ability to position the Group in complex, high-value projects across multiple continents," said Oscar Brito, President of Affluence Corporation. "The strategic wins further validate our integrated approach, combining proprietary software platforms with expert systems integration capabilities through MTi and our partner network."
The new contracts are fully aligned with Affluence Corporation's strategic priorities for 2025, demonstrating its portfolio companies' capability to expand geographically while addressing critical infrastructure challenges in both public and private sectors.
For any inquiries or media and investor contact, please reach out to - press@affucorp.com.
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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 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. https://www.mingothings.com/
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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 of the target company, availability and the cost of capital, success of growth initiatives, limited operating history and other risks discussed in our filings with the OTCMarkets and the Securities and Exchange Commission. 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 is the value of new contracts secured by Affluence Corporation's MTi subsidiary in June 2025?
What types of customers are involved in AFFU's new contracts?
What are the key verticals targeted by Affluence Corporation's MTi subsidiary?
How do these contracts align with Affluence Corporation's strategy?
