OAK BROOK, IL / ACCESSWIRE / October 7, 2024 / Affluence Corporation (OTC:AFFU) a leader in Smart City Software and Internet of Things (IoT) is providing an update on Affluence post Durham Black unwind.
“As previously stated, we are disappointed that the merger was not finalized. Durham Black had an unwind clause of 120 days and exercised that option.” said James E Honan, Jr., CEO of Affluence Corporation. The Agreement has been unwound as previously announced.
Based upon recent shareholder inquiries, Affluence wants to provide some additional clarification. The LOI to acquire Contrivian was executed by Durham Black under the assumption of a merger with Affluence. It is not a part of Affluence. We are diligently working on other opportunities and will provide updates to the market as we execute against our strategy to acquire and manage technology assets.
For further information contact Affluence Corporation Investor Relations at +1 720-295-6409.
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.