mariaRC, Author at Affluence Corporation

Back

Affluence Corporation’s OneMind Technologies Subsidiary has Highly Successful Debut at Intersec Conference

09/22/2022

Oak Brook, IL. September 22, 2022 – Affluence Corporation (AFFU.PK) a leader in Smart City Software and Internet of Things (IoT) technology announced today that OneMind Technologies and its Hypervisor product had an extremely successful debut as one of Dell Technologies (NYSE:DELL) Smart City solution Partners at the Intersec Saudi Arabia Conference which was held in Riyadh.

“We had an extremely busy and successful three days working with the Dell Technologies OEM & Video Surveillance team,” said Stephane Eyme, CEO of OneMind Technologies. “This was the first time that we worked side by side with the Dell OEM Solutions Team and we left the conference with several sales opportunities as well as initiated partnership discussions with several technology companies with whom we plan to take OneMind’s platform to market. I would like to thank Dell Technologies and their OEM Solutions team and look forward to working with them again at the Digital Cities Conference in November in Barcelona,” said Eyme.

“Joining the OneMind team at Intersec Saudi Arabia was our new Head of Sales for the Middle East and ASEAN, Jorge Luengo Azcona. Jorge comes to us with more than 20 years of success in selling and implementing disruptive technologies with his most recent position as Director of Enterprise Products and Partnerships for Batelco (Bahrain). We are extremely fortunate to add a professional with Jorge’s experience to our team, “continued Eyme. “I am very excited with the opportunity to help shape OneMind’s growth. I have heard quite a bit about OneMind’s Hypervisor and also ran up against them in sales opportunities this year. After seeing the strength of their product, I knew that I needed to be a part of the OneMind Team, “said Jose Luengo Azcona.

About Affluence Corporation

Affluence Corporation (AFFU.PK) is a diversified technology company focused on smart city software and innovative cloud solutions that capitalize on IoT, AI and 5G 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 OneMind Technologies SL

OneMind Technologies SL is a wholly owned subsidiary of Affluence Corporation. The OneMind Intelligent IoT solution builder is used to create applications for smart construction and smart city operations. Functioning as systems of systems, OneMind connects data sources to one single point of insight to provide real-time information on operational processes. It is a key component in the enterprise solutions currently being offered by several Fortune 50 companies that resell, distribute, and integrate smart city enterprise solutions. The OneMind Smart City solution is deployed in Barcelona, San Francisco, Guadalajara, Oslo and many other cities throughout the world. For more information go to https://www.onemindtechnologies.com

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.

Back

Affluence Corporation Selects Accell Audit and Compliance, PA to Become Fully Reporting

09/14/2022

Oak Brook, IL. September 14, 2022 – Affluence Corporation (AFFU.PK) a leader in Smart City Software and Internet of Things (IoT) technology announced today it has selected Accell Audit and Compliance, PA as its audit and compliance partner.

“I am pleased to announce that Affluence Corporation is taking the next major step in our evolution and will become a fully reporting company,” said James E. Honan, Jr., CEO of Affluence Corporation. “As we continue our historic growth it is essential that we provide our shareholders with transparency and an accurate picture of our operations. Being an audited and fully reporting company provides us with multiple alternatives for growth moving forward,” said Honan.

“We interviewed several firms and Accell Audit and Compliance, PA is the right fit for Affluence as a growing company. The Tampa, Florida company is a licensed public accounting and consulting firm that provides services in niche areas of Audit and Assurance, Internal Audit/SOX 404 Consulting, Employee Benefit Plans and Tax Services. During our due diligence process we were quite impressed with their client base which includes a number of emerging growth companies similar to Affluence, with several of those companies having gone on to trade on larger exchanges”, continued Honan.

About Affluence Corporation

About OneMind Technologies SL

Back

Affluence Corporation’s OneMind Technologies Subsidiary on Display at Intersec Conference

09/08/2022

Oak Brook, IL. September 8, 2022 – Affluence Corporation (AFFU.PK) a leader in Smart City Software and Internet of Things (IoT) technology announced today that OneMind Technologies and its Hypervisor product will be on display at the Intersec Saudi Arabia Conference to be held in Riyadh from September 13^thto 15^th.

“I am pleased to announce that next week September 13^th through the 15th we’re in RICEC Riydah for Intersec Saudi Arabia invited as a technology partner by Dell Technologies (NYSE: DELL),” said Stephane Eyme, CEO of OneMind Technologies. “We are extremely excited to be able to demonstrate how the OneMind IoT Hypervisor solution can help add value to intelligence systems and manage and prevent safety, security and digital city incidents. Please stop by the Dell Technologies stand and meet our team,” said Eyme.

Intersec Saudi Arabia is a nexus for emergency services, security and the safety industry focusing on digital cities. The show will have a special focus on Commercial Security, Information Security, Homeland Security and Policing, Physical and Perimeter Security, Fire and Rescue and Safety and Health. The conference presents the industry’s most comprehensive showcase to date as it brings together key government leaders, agencies and organizational heads with outstanding world-class speakers, innovative products and technology across all sectors.

About Affluence Corporation

About OneMind Technologies SL

Back

Affluence Corporation Announces Third Consecutive Quarter of Record Revenue in Q2

08/18/2022

Oak Brook, IL. August 18, 2022 – Affluence Corporation (AFFU.PK) a leader in Smart City Software and Internet of Things (IoT) technology released its earnings for the second quarter of 2022 with record revenue for the third straight quarter. Highlights include:

Revenue growth of 511% year over year
Revenue growth of 12% in Q2 2022 from Q1 2022
The third consecutive quarter of positive net income

“I am pleased to announce our third consecutive quarter of record revenue,” said James E Honan, Jr., CEO of Affluence Corporation. “I am extremely proud of our team and delighted to announce record revenue of $617,076 for the second quarter of 2022. Affluence’s continued growth has been fueled by multiple industry partnerships and a rapidly growing Smart City Software market with a 25% Compound Average Growth Rate (CAGR) and the Smart City market is expected to be $6 trillion by 2030. Because of this we are very confident that this momentum will continue for the remainder of the year,” said Honan.

“The Affluence board of directors is thrilled with management’s performance against our internal goals and extremely optimistic with the long term outlook for the company,” said Dale Haase, Affluence Board Member. “Operationally, in Q2 the company continued to execute on the delivery of Phase 1 of a multi-year, multi-million dollar contract for the largest Smart City project in the world where our Hypervisor product has been selected as the command and control software for the entire project. In addition we have received a $1 million dollar contract from the large technology company that is responsible for technology integration for the entire project. The contract is to add Artificial Intelligence (AI) for application specific modules for the project. In Q2 we partnered with Corsight, a leader in facial recognition software. Together, we developed an application to combat car-jackings and deter auto theft. This is the first application of its kind and we expect to announce our first implementation in Q3. In addition, RAS our telecom engineering services business produced steady results as well. Going forward, the board of directors is confident that the company will continue its growth for the remainder of 2022 and look forward to participating at a major Smart City Expo along side of one of the world’s largest technology companies where we will formally announce a reseller partnership with them and will leverage a sales force of approximately 3,000 reps to market and sell the joint solution,” said Haase.

About Affluence Corporation
Affluence Corporation (AFFU.PK) is a diversified technology company focused on smart city software and innovative cloud solutions that capitalize on IoT, AI and 5G 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 OneMind Technologies SL
OneMind Technologies SL is a wholly owned subsidiary of Affluence Corporation. The OneMind Intelligent IoT solution builder is used to create applications for smart construction and smart city operations. Functioning as systems of systems, OneMind connects data sources to one single point of insight to provide real-time information on operational processes. It is a key component in the enterprise solutions currently being offered by several Fortune 50 companies that resell, distribute, and integrate smart city enterprise solutions. The OneMind Smart City solution is deployed in Barcelona, San Francisco, Guadalajara, Oslo and many other cities throughout the world. For more information go to https://www.onemindtechnologies.com

About RAS Engineering
RAS Engineering is a wholly owned subsidiary of Affluence Corporation and is a telecom infrastructure engineering and design services organization. RAS Engineering provides the design work critical to 5G telecom construction projects. Service offerings include code compliance, forensic engineering and implementation and maintenance of telecom projects. RAS Engineering holds patents for technologies essential to improving 5G network performance.

For further information contact Affluence Corporation Investor Relations at +1 720-295-6409.

Back

Corsight AI Partners with OneMind Technologies to Enhance Security in Smart Cities

07/27/2022

OAK BROOK, IL / ACCESSWIRE / July 27, 2022 / Affluence Corporation (OTC PINK:AFFU) a leader in Smart City Software and Internet of Things (IoT) technologies announced today a partnership between its OneMind Technologies wholly owned subsidiary and Corsight AI, a leading facial recognition solutions provider that codifies privacy requirements and is un-matched in its speed and accuracy, to support the development of safe smart cities across the globe.

Recently recognized by NIST (National Institute of Standards and Technology) as a leading provider for proactively reducing bias, Corsight AI delivers Facial Recognition Technology (FRT) that allows for ethical and accurate biometric detection, prioritizes data privacy and significantly reduces the chance of false positives. Its advanced AI-powered solution is set to integrate with OneMind hypervisors, which provide operators with a holistic picture of real-time smart city performance, to boost security in smart environments and expedite incident remediation.

With the global smart city market value predicted to surge by 2030, these connected environments and the technologies that power them have been found to be able to reduce crime by 30% – 40%. The partnership between OneMind and Corsight AI is an example of how IoT integrations can support police forces with increased intelligence to identify and fight criminal behavior and protect the community. OneMind’s recently launched Hypervisor SVI, for example, integrates License Plate Recognition, Vehicle Registration and Corsight’s Facial Recognition solutions to support police departments in response to carjackings.

“We are excited to be partnering with Corsight,” comments Stephane Eyme, CEO of OneMind Technologies. “Our partnership adds great value to the offers of both companies. Our goal is to make OneMind Technologies the industry standard for Hypervisors for Smart Cities providing real time performance management. This collaboration will enhance the capabilities of both companies and add security solutions to our platform to broaden our reach.”

Rob Watts, CEO of Corsight AI, adds “The partnership with OneMind is an exciting step towards creating safer connected environments in which AI-powered technology can be used as a force for good. Corsight AI is unparalleled for its speed and accuracy, but also in terms of privacy and ethical standards. We look forward to building a long-term relationship with this dynamic organization and working together to ensure the safety and security across smart industries.”

For more information on Corsight AI or OneMind Technologies, visit their websites.

About Corsight AI

Corsight AI, a leading facial recognition technology provider, is dedicated to creating a game-changing solution with unrivaled speed and accuracy. The technology is powered by Autonomous AI, the most advanced artificial intelligence system. Corsight AI works with government agencies and companies in a variety of sectors, including law enforcement, aviation, retail, entertainment, and more. Corsight AI has recently been named ‘SME of the Year’ at the prestigious 2021 British Security Awards. This follows their award win at the fourth annual AI Breakthrough Awards, as they won gold in the “Best Facial Recognition System” category in 2021.

Corsight AI is jointly headquartered in the United States and UK. For more information, please visit www.corsight.ai and follow us on LinkedIn.

About OneMind Technologies SL

OneMind Technologies SL, a wholly owned subsidiary of Affluence Corporation, is a specialist in hypervisors for smart cities and smart industries. The OneMind Intelligent IoT solution builder is used to create applications for smart construction and smart city operations. Functioning as systems of systems, OneMind connects data sources to one single point of insight to provide real-time information on operational processes. It is a key component in the enterprise solutions currently being offered by several Fortune 50 companies that resell, distribute, and integrate smart city enterprise solutions. The OneMind Smart City solution is deployed in Barcelona, San Francisco, Guadalajara, Oslo and many other cities throughout the world. For more information go to https://www.onemindtechnologies.com

About Affluence Corporation

For further information contact Affluence Corporation Investor Relations at +1 720-295-6409.

Back

Affluence Corporation’s OneMind Technologies Announces Break Through Product to Deter Carjackings

07/21/2022

OAK BROOK, IL / ACCESSWIRE / July 21, 2022 / Affluence Corporation (OTC PINK:AFFU) a leader in Smart City Software and Internet of Things (IoT) technologies announced today that its OneMind Technologies wholly owned subsidiary has developed Hypervisor SVI a real-time detection product to help police departments to respond to carjackings and vehicle thefts. The OneMind Hypervisor SVI product integrates systems for License Plate Recognition, Record Management, Vehicle Registration, Facial Recognition and Computer Aided Dispatch to monitor vehicle license plates and compares it with stolen vehicles. When a positive match is detected, OneMind triggers in real-time an alert to the operator, provides information about the vehicle from the Registration System and sends an action dispatch to the closest available police patrol to stop and identify the driver through facial recognition software. The product has currently passed several live evaluations and the first purchase order is expected within the next 60 days.

“This is a breakthrough product that addresses a serious problem that has been plaguing all cities,” said James E Honan, Jr., CEO of Affluence Corporation. “There is nothing on the market today that comes close to addressing this serious problem in real-time. Hypervisor SVI finally gives the police an effective tool that will enhance their ability to catch the offenders and provide a deterrence for future incidents. Hypervisor SVI has been tested by multiple municipalities with great success and we expect our initial purchase order within the next 60 days,” said Honan.

“Hypervisor SVI showcases the power of the OneMind architecture,” said Stephane Eyme President of OneMind Technologies. Hypervisor SVI seamlessly connects all of the disparate systems such as the license plate database, vehicle registration and records management and enables the police to detect, monitor, investigate and dispatch the closest available resources. In addition, together with our facial recognition partner, Hypervisor SVI will have the ability to identify the offenders. Hypervisor SVI generates actionable information in real-time to fight crime. It also improves intelligence and security for the police, fosters cross-departmental cooperation, enhances operational efficiency, and reduces the serious crime rate by denying the means to commit them. This also provides an overall improved sense of security for citizens. OneMind Technologies is very flexible and innovative and I am proud of our development team who were able to identify a use case and bring that product to market in a timely fashion,” said Eyme.

About Affluence Corporation

About OneMind Technologies SL

For further information contact Affluence Corporation Investor Relations at +1 720-295-6409.

Back

Affluence Corporation’s OneMind Technologies Receives a further Purchase Order For one of the World’s Largest Smart City Projects

07/06/2022

Oak Brook, IL. July 6, 2022 – Affluence Corporation (AFFU.PK) a leader in Smart City Software and Internet of Things (IoT) technologies announced today that its OneMind Technologies wholly owned subsidiary has received a second significant purchase order to provide additional AI modules on the OMT NG platform for one of the world’s largest Smart City projects in the Middle East.

“I am extremely pleased that our partners continue to see the significant value that the OneMind software platform brings to this project. We are strategically positioned for more and larger purchase orders as the project expands,” said James E Honan, Jr., CEO of Affluence Corporation. “Because of OneMind’s unique feature set and our ability to take in any type of data and give real-time information, our partners in this project continue to find new applications for the OneMind solution” said Honan.

“This is a very significant follow-on order, and it is almost as large as Phase 1 of the project,” said Stephane Eyme President of OneMind Technologies. “Our customer is adding two additional modules to the OneMind NG Platform to provide Artificial Intelligence (AI) features for rollout through the entire project.” said Eyme.

About Affluence Corporation

About OneMind Technologies SL

About RAS Engineering

RAS Engineering is a wholly owned subsidiary of Affluence Corporation and is a telecom infrastructure engineering and design services organization. RAS Engineering provides the design work critical to 5G telecom construction projects. Service offerings include code compliance, forensic engineering and implementation and maintenance of telecom projects. RAS Engineering holds patents for technologies essential to improving 5G network performance.

For further information contact Affluence Corporation Investor Relations at +1 720-295-6409.

Back

Affluence Corporation Announces Record 2021 and Q4 Revenue and its First Ever Positive EBITDA Quarter

03/29/2022

OAK BROOK, IL / ACCESSWIRE / March 29, 2022 / Affluence Corporation (OTC Pink:AFFU) a leader in Smart City Software and Internet of Things (IoT) technology released its earnings for 2021 and Q4 with record revenue for both the FY 2021 and Q4. Highlights include:

Revenue growth of 363% year over year
Revenue growth of 93% in Q4 2021 from Q3 2021
Its first positive EBITDA quarter in history

“We have spent the last two years making investments in cutting edge technologies that address inefficiencies in the Smart City and IoT markets and we are seeing tangible proof that our solutions are being very well received in this rapidly growing market,” said James E Honan, Jr., CEO of Affluence Corporation. “I am extremely proud of our team and delighted to announce record revenue growth for 2021. Full year 2021 revenue of $935,000 is a 363% increase over $202,000 in 2020. More importantly Q4 was our first quarter ever with positive net income. Q4 2021 revenue of $435,000 increased 93% over Q3 2021 and we are projecting continued profitability in 2022,” said Honan.

“The Affluence board of directors is quite pleased with the continued progress demonstrated by our management team,” said Dale Haase, Affluence Board Member. “While at first glance a 363% year over year revenue increase could be dismissed by the magnitude of the numbers from the prior year, it is important to look at the operational trends which are all extremely positive. Operationally, in Q4 the company received a multi-year, multi-million dollar contract for our Smart City Software and the OneMind Technology software will be the command and control software for one of the largest smart city projects in the world. In addition we added a new smart city deployment in Quang Ninh Province, Viet Nam. We also announced partnerships with two major global technology companies which will have a very positive influence in 2022. In addition, RAS our telecom engineering services business produced steady results as well. The board of directors is confident that company is well positioned for continued success in 2022 and beyond,” said Haase.

About Affluence Corporation

About OneMind Technologies SL

About RAS Engineering

For further information contact Affluence Corporation Investor Relations at +1 720-295-6409.