mariaRC, Author at Affluence Corporation

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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

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. https://www.rascompany.com/

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.

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Affluence Corporation’s OneMind Technologies Announces Enhanced Smart City Software Product

03/14/2022

OAK BROOK, IL / ACCESSWIRE / March 14, 2022 / Affluence Corporation (OTC PINK:AFFU) and its subsidiary OneMind Technologies SL announced today the release of the new version of the hypervisor platform named OneMind New Generation (NG). The technical evolution of the platform is a cornerstone in the OneMind’s development, allowing the company to embrace advanced technologies to better serve its clients and ensuring faster growth.

“Our goal is to make OneMind Technologies the industry standard in the Smart City Software market and the NG Platform broadens our reach and will enable us to continue our string of impressive Smart City project wins,” said Stephane Eyme, CEO of OneMind Technologies.

The OneMind NG platform is fully multi-tenant and can be deployed seamlessly on the cloud, on premises or in a hybrid environment. It is based on a powerful low code ETL (Extract, Transform, Load) engine and has completely rule based access control. The new technology architecture also presents a fully configurable user interface enabling the platform to be adjusted to user requirements without any coding and a personalized experience specific to the user’s preference (language, icons, colors, menus, views…).

The platform’s historical mode is also unique in that it allows users to quickly and easily make time-based analysis of events which improves their decision-making process. It also features a modular and plug-in architecture allowing users to run their own analytics algorithms and evolve or change them as required.

The OneMind NG architecture also brings scalability and accessibility through use of nodes and clusters, as well as resilience and the ability to self-correct with auto placement, auto restart, and auto replication features.

“These enhanced characteristics will allow OneMind Technologies to grow exponentially in the SaaS area, offering a light, flexible and powerful product that is fully configurable to fit todays’ use case and business model requirements. We are excited to bring this new and improved platform to market and generate more value for our clients” said Eyme.

About Affluence Corporation

Affluence Corporation (AFFU.PK) is a diversified technology company focused on edge computing 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. https://affucorp.com

About OneMind Technologies SL

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

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OneMind selected as preferred Hypervisor for Dell Digital Cities Solutions

02/09/2022

Affluence Corporation subsidiary OneMind Technologies SL has signed a partnership agreement with Dell Technologies (DELL) confirming OneMind as the preferred Hypervisor for Dell Digital Cities Solution worldwide.

OneMind Technologies are specialists in hypervisors for smart cities and smart industries. They are partnering with DELL on the implementation of Command and Control Centers in cities and the transition to intelligent industries. The partnership has also led to the OneMind solution being implemented in the Dell Technologies DiCi Labs showroom in Singapore.

Stéphane Eyme, CEO of One Mind Technologies said “we are delighted to partner with DELL and are already working together on a substantial smart city project in the middle east region. Their trust and confidence in our platform is testament to the added value we provide to DELL and its clients and solidifies our position as a market leader.”

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Affluence Corporation’s Subsidiary OneMind Technologies Announces Launch of Situational Awareness Solution for Airport Terminals

11/29/2021

OAK BROOK, IL / ACCESSWIRE / November 29, 2021 / Affluence Corporation (OTC PINK:AFFU), a diversified technology company focusing on innovative IoT and 5G enhancing technologies announced today that its OneMind Technologies subsidiary has developed a software solution for Situational Awareness for airport terminals. The product Airport Hypervision is built on its award-winning Smart City software platform that provides situational awareness to major cities including Barcelona, San Francisco, Oslo and Guadalajara and many others.

“This is a breakthrough product and there is nothing else on the market that addresses the major issues that airports are facing in the new normal, “said Stephane Eyme, OneMind Technologies’ CEO. Airport Hypervision enables situational awareness such as crowd management, thermal screening, incident management, the ability to take real time corrective action as well as a reporting mechanism. For example, through Airport Hypervision’s visual analytics airports can monitor social distancing and mask mandates. Through Airport Hypervision’s integration with thermal cameras, a disembarking passenger with an abnormal temperature can be identified and directed to an on-site clinic. In addition, Airport Hypervision enables airports to track assets in the airport and on the tarmac, monitor security and situational awareness and produce dashboards and report on key performance indicators in real time,” said Eyme.

“Airport Hypervision is the logical extension to OneMind’s Smart City software solution.” said James E. Honan, Jr. Global CEO of Affluence Corporation. “Many buildings are as complex as small cities. As complexity increases real time dashboards and analytics are needed to monitor and enhance the performance and operations of large public buildings. OneMind products offer multi-domain integration across all subsystems thatwhich are agnostic to the source of the data and the product addresses the macro issues of the organization as well as the micro issues for all the individual users. Airport Hypervision is based on the same product that is already in use in smart cities and smart construction,” said Honan.

About Affluence Corporation

Affluence Corporation (AFFU.PK) is a diversified technology company focused on innovative software 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. https://affucorp.com

About OneMind Technologies SL

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

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Affluence Corporation Doubles Revenue in the Third Quarter and Provides Business Update

11/23/2021

OAK BROOK, IL / ACCESSWIRE / November 23, 2021 / Affluence Corporation (AFFU.PK), a diversified technology company focusing on innovative IoT and 5G enhancing technologies announced today that its Third Quarter revenue doubled over the prior quarter. Affluence Corporation also provided a business update, an update for the initiatives previously announced and reiterated its strategy moving forward. The update includes a statement on the progress being made on tactical operating issues which include product backlog, project funding for 2022, establishment of industry partnerships, improvement of capital structure, reduction of debt and status of pending acquisitions.

“I am proud to announce Third Quarter revenue of $225,000. This is the largest quarterly revenue that we have ever achieved and it doubled our prior quarter revenue. This is reflective of the growing demand for the IoT technologies in the Affluence portfolio, “said James E. Honan, Jr., Affluence’s CEO. We are making significant progress in each of our business segments, particularly at OneMind Technogies where the OneMind product was chosen as the command and control software for one of the world’s most prominent Smart City projects. We have the signed contract in hand, have already had the project kick-off meeting with our partners and expect to make the formal announcement once our technology and service partners release the information to the market. We will recognize revenue from this contract in Q4 and carry over a seven-figure product backlog into the first half of next year,” said Honan.

“ISLP’s project to build a ‘fiber technology-based last mile infrastructure’ and deliver technology products and services to one of the largest telecom companies in Asia will officially begin in Q1 of 2022 and we expect to begin to recognize revenue from this project beginning in Q2 of 2022,” continued Honan. “We have a funding term sheet in place for $40 Million which we expect to close within the next 60 days. We also have several pending acquisitions and expect them to close by the end of Q1 2022 as well,” said Honan.

“Operationally we continue to strengthen the company” said Honan. “We executed global master product and services agreements with two large world class organizations. The first is a global product distribution agreement that has already brought one major contract to the table and has OneMind quoted to several prospects for 2022 business. The second agreement is a services agreement for our IoT and 5G technology product stack. Affluence has also made significant strides in cleaning up our balance sheet and capital structure over the past year. We were able to convert some of our debt to equity and also eliminate overhang in our capital structure. I am very proud of our team’s achievements this year and look forward to a banner year in 2022,” said Honan.

About Affluence Corporation

Affluence Corporation (AFFU.PK) is a diversified technology company focused on innovative software 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. https://affucorp.com

About ISLP Technologies

ISLP is a diversified technology company focused on telecom services and technologies. ISLP is one of the many success stories from the Indian Institute of Technology (IIT) Incubator in Delhi. ISLP builds customized digital solutions utilizing cutting edge technologies such as block chain, AI, Machine Learning, Business Intelligence and Data Science.

About OneMind Technologies SL

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

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Interview with OneMindTechnologies SL President, Stephane Eyme

11/04/2021

Stephane Eyme, President of OneMind Technologies SL, Affluence Corporation’s flagship subsidiary, talks about the unique technology, its applications, customer base worldwide, the company’s outlook moving forward and much more. Listen and download the interview

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. https://onemindtechnologies.com/

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Affluence CEO James Honan Interview with Stuart Smith of SmallCap Voice

10/12/2021

Affluence Corporation is a diversified technology company focused on acquiring cloud/edge computing solutions that can deliver artificial intelligence (AI) and smart technology to everyday life.

Speaking with SCV’s Stuart Smith, our CEO Jim Honan outlines our strategy. “We’re looking to build that base of business and really capitalize on artificial intelligence and the 5G technologies that are coming down the pipe here,” he said. “The internet of things is pretty commonplace in our daily lives – we’ve got smart cars and smart refrigerators – and we’re looking to bring it to even wider applications such as smart cities.”

Our recent acquisition will enable AFFU to continue to build on our strategy of developing a strong portfolio of products and value-added services in the IoT space that are aligned with business opportunities arising due to increasing adoption of IoT solutions in global markets.

Listen to or download the interview

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Affluence Corporation Announces Entry into $7.6 Billion Biomedical Waste Market Through Acquisition of Saamarthya

10/05/2021

OAK BROOK, IL / ACCESSWIRE / October 5, 2021 / Affluence Corporation (OTC PINK:AFFU), a diversified technology company focusing on innovative Smart Cities, IoT and 5G enhancing technologies announced today that the company has signed a “Letter of Intent” to acquire Saamarthya Management Consultancy P Ltd, India enabling entry into the exploding $7.6 Billion Biomedical space with an innovative IoT solution. Saamarthya is a premier organization operating as an accelerator supporting multiple start-ups and owns the intellectual property rights or exclusive distribution rights to multiple businesses that have developed leading edge technologies in the IoT space. This acquisition enhances Affluence’s commitment to building a world class IoT and 5G company.

“The acquisition of Saamarthya will enable us to continue to build on our strategy of developing a strong portfolio of products and value-added services in the IoT space that are aligned with business opportunities arising due to increasing adoption of IoT solutions in global markets,” said James E. Honan, Jr., Affluence’s Global CEO. “The initial technology that we will bring to market is an IoT based Biomedical Waste Management and Bar Code solution that employs multiple IoT Technologies including an ERP solution which is deployed to control and monitor of end-to-end management and collection of transportation, treatment, and disposal of biomedical waste generated at Healthcare Establishments (HCE) such as hospitals, polyclinics and labs. This solution is already implemented in 10 of the 275 operators in India covering more than 40,000 HCE’s and efficiently manages the entire cycle of collection, transportation, treatment, and disposal of biomedical waste. Our pro-forma revenue estimates for next year based on our current installed base is approximately $3 million. Further discussions are underway for implementation with the remaining operators across India and we are forecasting penetration into 100 of the 275 operators in India by the end of 2022 as well as in other geographies,” said Honan.

“The global biomedical waste management market is growing at a CAGR of 5.8% per year and will be $12.8 billion by 2030,” said Avinash Bector, President & CEO, Affluence Corp for Asia & Africa markets. “Government agencies throughout the globe are issuing new mandates for biomedical waste management. This IoT solution is a ground breaking technological approach which is unlike anything currently on the market and is already in use and gaining more acceptance everyday. In addition to the biomedical waste management solution, we are very excited about the other IoT solutions that Saamarthya brings which address other large market segments and we plan to roll out more of them by the end of 2021,” said Bector.

About Affluence Corporation

About OneMind Technologies SL

About Saamarthya Management Consultancy P. Ltd.

Saamarthya is operating in India as an “ACCELERATOR” enabling scaling up of Startups and existing businesses in Industrial IoT space. Mentoring and Guidance includes – Refining concepts and aligning them with present and future Industry needs and facilitating industry & investment tie ups enabling business expansion

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