OAK BROOK, IL / ACCESSWIRE / July 6, 2021 / Affluence Corporation (OTC PINK:AFFU), a diversified technology company focusing on innovative IoT and 5G enhancing technologies provided a business update and an update for the initiatives previously announced and reiterated its strategy moving forward. The update includes a statement on the progress being made on closing two large opportunities one through its subsidiary ISLP Technologies and the other with its subsidiary OneMind Technologies. The business update includes comments on potential target companies and businesses for acquisition and partnerships.
“We are making steady progress with executing on all fronts,” said James E. Honan, Jr., Affluence’s CEO. “ISLP is currently awaiting the executed MOU for an engagement with one of the largest telecom companies in Asia. Under this engagement, we will build ‘fiber technology-based last mile infrastructure’ and deliver technology products and services through an ‘Aggregation Platform’ to the existing and new subscribers of the said telecom company. The COVID outbreak in Asia has delayed the final execution of the MOU and subsequent contracts but we anticipate to have them completed and begin work against the contract this quarter. In addition, we are in negotiations to acquire two technology companies with unique offerings to strengthen our portfolio of solutions and services with leading-edge technologies for the above project and expect to announce LOI’s in the third quarter as well,” said Honan.
“OneMind Technologies has been selected to provide its Smart City solutions platform for one of the world’s largest Smart City projects. “The OneMind Smart City platform will be the solution behind managing this large deployment that is being delivered by one of the major integration firms in the world and one of the world’s largest technology providers. We expect the official announcement to come in July 2021. The OneMind product will also be included as a value-added service for the Asia fiber opportunity ” said Honan.
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.