OAK BROOK, Ill., Feb. 17, 2021 – Affluence Corporation (AFFU.PK), a diversified technology company focusing on innovative Edge Cloud, IoT and 5G enhancing technologies announced today that the company has established a legal entity in Singapore as a response to the growing demand for its products and services in Africa, India and the Asia Pacific markets.
“The Singapore headquarters will allow us to continue to build on our strategy of developing a global footprint and is a direct response to multiple opportunities in our sales pipeline in Africa, India and Asia Pacific markets,” said James E. Honan, Jr., Affluence’s CEO. “We are working on several acquisitions of Technology Companies, Businesses and large-scale Projects. These acquisitions will help expand our portfolio of Technologies, Expertise and project execution capabilities along with deployment opportunities for OneMind Smart City Software and products offered by our upcoming acquisition of Flexiscale and Flexiant Edge Cloud Computing solution. These opportunities will translate to significant purchase orders before the end of Q2. Our Singapore headquarters will be led by Avinash Bector. He is coming in with an impressive global experience and record of accomplishments in setting up new businesses and growing companies holding executive positions at ISLP Technologies, HCL, Motorola and Tata Infotech,” said Honan.
“We are investing in Africa; India and Asia Pacific markets as we continue to see greater demand for deployment of Technologies, Products and Services in multiple initiatives on “Digitalization” of various businesses and processes. Our existing portfolio of products and services in identified technology verticals of Edge Cloud and Smart City solutions aligns well with global drive on “Industry 4″ and the deployment opportunities continues to grow at a significantly higher CAGR in this region as compared to others,” said Avinash Bector, CEO at Singapore Headquarters. “At present, we are engaged with multiple large high-profile business opportunities with Government, Multinational Corporations, Telcos and System Integrators on projects including Super Computing Solutions, Optical Fiber based Data Transport Infrastructure, Edge Cloud Infrastructure & Services and IoT Solutions including Smart City applications. Our offerings are comfortably out-scoring competition on Techno-Commercial evaluations. We are confident of translating these to multiple purchase orders this year,” said Bector.
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.
For further information, contact Affluence Corporation Investor Relations at 720-295-6409, info@affucorp.com