Affluence Stock Price, News & Analysis

Affluence Corporation (OTC PINK: AFFU) announced the development of Hypervisor SVI, a real-time detection system for police departments aimed at tackling carjackings and vehicle thefts. This innovative product integrates various technologies such as License Plate Recognition, Facial Recognition, and Computer Aided Dispatch to notify police of stolen vehicles instantly. Following successful evaluations, the initial purchase order is anticipated within the next 60 days. The CEO emphasized its potential to enhance policing effectiveness and deter crime, showcasing a significant advancement in law enforcement technology.

Affluence Corporation (OTC PINK:AFFU) announced a significant follow-on purchase order for AI modules on the OMT NG platform, related to a major Smart City project in the Middle East. This order is nearly as large as the initial phase, enhancing the deployment of the OneMind software platform. CEO James E Honan, Jr. expressed confidence in the project's expansion potential. OneMind Technologies is noted for its unique feature set, supporting real-time data processing. This further development positions Affluence favorably for future orders and applications.

Affluence Corporation (OTC PINK:AFFU) reported positive developments in its Q2 2022 update, highlighting increased sales efforts in new markets via strategic partnerships. CEO James E. Honan, Jr. noted the expansion of their sales funnel with opportunities in the US, Europe, and the Middle East. The company is progressing on the largest smart city project in the Middle East, with Phase 2 set to begin soon. Operationally, their subsidiary, OneMind Technology, continues to be a growth driver, while RAS Engineering maintains steady results. Q3 goals include hiring more sales personnel and delivering on ongoing projects.

Affluence Corporation (AFFU.PK) has announced the hiring of two key executives, Ruben Fernandez as VP of European Sales and Luis Eguiluz as VP of Customer Success, to support its growth in the Smart City Software market through its subsidiary, OneMind Technologies. CEO James E. Honan, Jr. emphasized that these hires are critical for executing global expansion plans, as OneMind is currently experiencing rapid growth and increased partnership opportunities. The company is leveraging IoT, AI, and 5G technologies to create next-generation software solutions.

Affluence Corporation (AFFU.PK) reported substantial financial growth in its Q1 2022 earnings, marking the second consecutive quarter of record performance. Revenue surged by 363% year-over-year and 27% from Q4 2021, reaching $550,600. The company achieved its highest net income, with earnings of $170,604, reflecting an increase of 490% over the previous quarter. This momentum is driven primarily by the success of its subsidiary, OneMind Technologies, in the smart city software sector, indicating strong future potential.

Affluence Corporation (AFFU.PK) announced significant progress in its first-quarter projects through its subsidiary OneMind Technologies. The company completed the Department of Tourism Project in Quang Ninh Province, Vietnam, enhancing its position for further contracts in the country. Additionally, OneMind is advancing in Phase 1 of a major Smart City Project in the Middle East, with expectations to move to Phase 2 later this year. The OneMind platform has expanded its data collection area to 2,356 square miles, showcasing its advanced capabilities in tourism management.

Affluence Corporation (AFFU) reported record earnings for FY 2021 and Q4, demonstrating strong financial growth and operational success. The company achieved a 363% year-over-year revenue increase, with full-year revenue reaching $935,000 compared to $202,000 in 2020. Q4 revenue surged by 93% from Q3 2021, totaling $435,000, marking its first positive EBITDA quarter. Strategic contracts and partnerships position Affluence for continued growth in the Smart City and IoT sectors in 2022.

Affluence Corporation (OTC PINK: AFFU) announced the launch of its enhanced hypervisor platform, OneMind New Generation (NG), aimed at revolutionizing the Smart City Software market. This multi-tenant platform is designed for deployment in cloud, on-premises, or hybrid environments, featuring a low-code ETL engine and customizable user interfaces. With advanced capabilities like modular architecture and scalable nodes, OneMind NG seeks to drive exponential growth in the SaaS sector. CEO Stephane Eyme emphasized the platform's potential to improve client value and decision-making processes.

Affluence Corporation (OTC PINK: AFFU) announced that its subsidiary, OneMind Technologies, secured a significant contract to provide command and control solutions for a major smart city project in the Middle East. The contract, which spans multiple years and phases, is expected to generate $5 million in revenue in 2022 from its initial phases. This partnership enhances Affluence's position in the smart city software market, leveraging their Hypervision product. The project commenced in Q4 2021 with further developments planned in Q3 2022.