Category: Uncategorized

Back

Appointment of Chief Financial Officer

06/27/2024

Chicago, IL / June 27, 2024 / Affluence Corp d/b/a Durham Black Inc (Durham Black) (OTC PINK: AFFU) is pleased to announce the appointment of Yossi Hazan as its Chief Financial Officer (CFO). Mr. Hazan is responsible for Durham Black’s financial stewardship and company financial reporting.

“I am pleased to welcome Yossi Hazan to the company and our senior leadership team. His deep understanding of financial systems, reporting, and compliance will be invaluable as we continue to acquire and develop subsidiaries,” said Patrick Shutt, CEO and Vice Chairman of Durham Black. “His extensive experience and proven track record make him the right candidate to lead our financial operations and support both our acquisition and organic growth plans. We are confident that his leadership will be invaluable as we navigate the next chapter of Durham Black’s evolution.”

“I am honored to join Patrick and the Durham Black team at this exciting time,” said Yossi Hazan, new Chief Financial Officer of Durham Black. “The company’s focus on acquiring and growing innovative, asset-light connectivity companies is a testament to its intention to create long term shareholder value. I look forward to working closely with our subsidiaries over the coming months as we capitalize on emerging opportunities and scale the business.”

Mr. Hazan brings over 25 years of diverse experience in finance and accounting to his role. Before joining Durham Black, he served as the CFO at Connectbase, Invoke, ModoLabs, PeerApp (acquired by ESW Capital), and Enigma (acquired by PTC). Mr. Hazan has hands-on experience with software and services companies, serving as a senior financial executive with expertise in corporate finance and controllership, financial reporting, planning & analysis, operations, business development, and merger & acquisition. Mr. Hazan led $80mm in global mergers & acquisitions for several software companies and raised over $125mm in institutional and private equity over several financing rounds.

# # #

About Durham Black Inc. (OTC Pink: AFFU) a public holding company focused on creating long term shareholder value through strategic investments and acquisitions in asset-light, innovative, and AI-enabled software and services for the global communications market. The public holding company serves as an acquisition and growth vehicle, aiming to acquire, build, and grow innovative companies that are subscale, which in turn enables the $1.7 trillion global communications market to embrace digital transformation.

For more information on Durham Black Inc. and investment opportunities, please visit www.durham-black.com or contact:

Forward-Looking Statements: 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.

Back

Durham Black Inc Appoints New President, COO and Expands Board of Directors

05/30/2024

Industry Leaders Align to Invest in Communications Market Innovation to Drive Growth and Create Shareholder Value

Chicago, IL, May 30, 2024 – Affluence Corp d/b/a Durham Black Inc. (OTC Pink: AFFU), a publicly traded holding company focused on asset light connectivity and applications, today announces the appointment of  Mary Stanhope, as the company’s President and Chief Operating Officer (COO), effective immediately. Mary will have responsibility for operational oversight and strategy of the holding company and its subsidiaries. She will also serve as a member of the company’s Board of Directors.

Today, Durham Black also announces the expansion of its Board of Directors from three to six members, underscoring the company’s commitment to enhancing expertise and governance as well as driving sustainable growth.  Robert Pollan will join the Board as an independent director, stepping into the role of Chairman; and recently announced CEO and Board Director, Patrick Shutt, will take on the role of Vice Chairman.

The newly expanded Board of Directors brings together a diverse group of accomplished professionals with extensive experience across the connectivity market in operations, investment, and revenue. The new board members will play a pivotal role in providing strategic guidance, overseeing corporate governance, and executing Durham Black’s overall vision to drive digital transformation across the global communications market by providing highly innovative asset light software and solutions.

This forms part of the company’s ongoing strategy to add operating and industry experience in order to drive growth and expansion throughout the business, and in turn create shareholder value.

“Mary is an ideal leader to shape Durham Black’s operations and to align the overall strategic direction into a successful operating system,” says Patrick C. Shutt, CEO of Durham Black Inc. “With her world-class commercial experience, and proven leadership and oversight of companies including SchlumbergerSema and Unitas Global, her steadfast approach to leading teams through periods of growth, will be an asset to the growing list of acquisition targets within Durham Black.”

Shutt adds, “We have brought together a great team, these new director appointments bring a fresh perspective and renewed commitment to the Board and our company. Their collective expertise and insights will be instrumental as we navigate our next phase of growth and expansion. With hundreds of years of combined experience among the group, we are well-positioned to transform the global connectivity industry by pioneering innovative AI-enabled, data-centric solutions with service excellence.”

Robert Pollan, an experienced executive with more than 35 years of global investing, operating, and board experience, shares, “I am excited to join the Board of Durham Black as Chairman and to help steer the company toward fulfillment of its vision. From the time at Internet Capital Group investing in unique businesses with differentiated intellectual property (IP) to championing automation, optimization and IP investments at Universal Access, Global Capacity and Unitas Global, I have been passionate about helping businesses achieve their potential.  At Internet Capital Group, we created a highly valuable model where we invested in experienced, knowledgeable operators and management teams that were subscale, to create highly innovative companies that created value in the markets they serve. We have an incredible opportunity to repeat that strategy in the global connectivity market with Durham Black, utilizing this public vehicle to make an impact in the industry and create meaningful shareholder value.”

Mary Stanhope, an executive passionate about technology innovation with over 30 years of global mergers and acquisition experience shares, “I am honored to take on the role as President and COO and look forward to working closely with our talented team to drive operational excellence and strategic growth across our subsidiaries,” said Mary Stanhope. “The company’s vision to transform the global connectivity market through AI-enabled and asset-light solutions aligns perfectly with my expertise in scaling technology innovation. Together, we will leverage our collective experience to identify and capitalize on new opportunities, foster growth, and expand our market presence. This is an exciting time for Durham Black, and I am thrilled to be part of this journey.”

The robust team brings unique perspectives and strategic insights that align with Durham Black’s objectives to unlock new markets by expanding the company’s addressable market into the $1.7 trillion global communications market, to invest in asset-light innovation, and create sustainable value for all stakeholders.

# # #

About Durham Black Inc. (OTC Pink: AFFU) a public holding company focused on creating value through strategic investments and acquisitions in asset-light, innovative, and AI-enabled software and services for the global communications market.  The public holding company serves as an acquisition and growth vehicle, aiming to acquire, build, and grow innovative companies that are subscale, which in turn enables the $1.7 trillion global communications market to embrace digital transformation.

For more information on Durham Black Inc. and investment opportunities, please visit www.durham-black.com or contact:

Investor Relations: For further information regarding AFFU Investor Relations, please call +1 720-295-6409.

Forward-Looking Statements: 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.

Back

Affluence Corporation Completes Transformative Merger with Durham Black Inc

05/20/2024

Patrick C Shutt Appointed New CEO to Enhance Growth and Expand Company’s Market Presence

OAK BROOK, IL / May 20, 2024 – Affluence Corporation (OTC PINK:AFFU), a publicly traded smart industry software and IoT technology company, today announces the successful completion of its merger with Durham Black Inc, a privately held technology services company. The merged company will operate as Durham Black Inc. and continue to trade over the counter on the Pink Market with the ticker symbol AFFU.

This transformative merger marks a pivotal moment for Affluence Corporation, now doing business as Durham Black Inc., and will unlock new markets by expanding the company’s addressable market into the $1.7 trillion global communications market.

The merged public holding company intends to increase shareholder value through a set of new acquisitions, presently under letters of intent (LOI), establishing Durham Black Inc. as a global leader in asset-light, innovative, and AI-enabled software and services, focused on the global communications market.

With the merger, Patrick C Shutt is appointed as the new CEO and Board Director of Durham Black Inc. Shutt is a seasoned executive with over 30 years of leadership and capital markets experience in the technology and connectivity industry. He has a strong track record of successfully growing technology companies and leading them through significant milestones, including Universal Access, Global Capacity, and most recently at Unitas Global, where the company grew from start up, to over $80m and was sold to PacketFabric at an attractive market multiple of revenue.

“I first want to thank the executive team, board and key shareholders of Affluence Corporation for their hard work and dedication in bringing this merger to fruition.  Together, we are well-positioned to maximize the exciting opportunities in the global communications market. I am honored to lead Durham Black Inc. during this pivotal moment,” remarked Shutt. “As a public holding company with our team’s strong operational experience and deep knowledge of the technology and communications industry landscape, we are very well positioned to capitalize on emerging opportunities to transform the global connectivity market and create substantial shareholder value.”

James E Honan, Jr, who has served as the CEO of Affluence Corp since 2019 and played a key role in establishing the company’s focus on IoT software, will be transitioning from his position to continue to serve as a member of the Board of Directors. Honan expressed his enthusiasm about the completion of this transformative merger, emphasizing “This strategic move will enhance the company’s market position and enable the expansion of its capabilities. This, in turn, will support the pursuit of our two-pronged growth strategy, involving the exploration of new markets and the addition of value through multiple acquisitions.”

Durham Black Inc. is fully committed to honoring and advancing the current Letters of Intent (LOIs).  These agreements represent significant opportunities for the company to expand its market presence and leverage innovative technologies.

# # #

About Affluence Corporation: Affluence Corporation (OTC Pink: AFFU), is a diversified technology company focused on smart city and industry software solutions that harness IoT, AI, 5G, and edge technologies. The company is committed to driving innovation and creating value through strategic investments and acquisitions. For more information, please visit https://affucorp.com.

About Durham Black Inc.: Durham Black Inc. is a privately held technology services company that empowers technology business leaders to maximize their value potential. Durham Black Inc. offers advisory services focused on three fundamental areas: Corporate Structure, Growth Execution and Operational Excellence, catering to both startups and mature Connectivity, SaaS, and Managed Service Providers in the $1.7t communications market. For more information, please visit https://www.durham-black.com.

Contact Information:

Affluence Corp Media Relations Email:  press@affucorp.com

Durham Black Media Relations Email:  press@durham-black.com

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

Forward-Looking Statements: 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.

Back

Affluence Corporation Announces Intent to Acquire Multiple IoT Technology and Integration Services Companies

04/09/2024

Strategic acquisitions strengthen OneMind Technologies and expands market reach.

Oak Brook, IL. April 9, 2024 – Affluence Corporation, a leader in Smart City Software and Internet of Things (IoT) technology, today announced that it has reached an agreement to acquire three IoT technology companies and, along with OneMind Technologies, will form a new company named Digibriks. The proposed acquisition includes companies with complementary software products, engineering, integration, and implementation services capabilities. Affluence has executed Letters of Intent with all three companies, and upon completion, Digibriks will become a wholly owned subsidiary of Affluence, giving OneMind Technologies an end-to-end solution and entry into Telecom, Manufacturing as well as expanding its footprint into the Smart City markets. Affluence is under NDA with all three companies, and the acquired companies will be identified via press release upon completion of the definitive acquisition documents.

“This proposed acquisition is a continuation of our strategic plan to significantly grow Affluence in 2024. The proposed acquisition achieves multiple goals for Affluence,” said James E Honan, Jr., CEO of Affluence Corporation. “First and foremost, this acquisition will add to top-line revenue as well as positive earnings and cash flow. In 2023, the combination of these three companies recorded approximately $5 million in revenue and over $1 million in EBITDA. Secondly, we will have an improved technology platform integrating Digibriks’ connectivity solutions, IIOT platforms, and digital twin technologies with OneMind, giving Affluence a dominant product in multiple industries. Third, this acquisition will give access to a large installed base for the new OneMind product, greater access to a growing network of a world-class partner ecosystem, and a large reseller and distributor network. In addition, we will take advantage of the economies of scale with a more efficient operating cost structure for all four companies.”

The proposed acquisition will strengthen OneMind Technologies’ Hypervisor NG product and enable the product to manage devices and networks, connect to Industrial systems and standards, and streamline the operations and maintenance cycles of industrial projects. The merged solutions will also expand the company’s integration capabilities beyond The Smart City space to develop new Telecom and Manufacturing opportunities.

Upon completion of the definitive acquisition documents, Affluence will identify the three merged companies in a formal press release. The first of the merged companies specializes in crafting valuable ecosystems through a combination of robust IoT software and networking solutions. The companies are experts in interconnected systems, solution development, and network optimization through a blend of cutting-edge software, integration capabilities, and consulting services. One company provides definitive expertise in project completion, specializing in adaptation design and installation of technology initiatives focusing on smart systems, specifically in the Mobility, Telecom, and Manufacturing sectors. Their unique approach combines deep technical expertise with a client-centric focus to transform complex technology into user-friendly solutions. The third company develops a suite of software products for intelligent IoT platforms. Their software suite includes intelligent device monitoring, intelligent operations centers, and, most importantly, cyber security operations centers. The integration of these technologies with OneMind will be unmatched in the marketplace. All three companies are generating revenue and are cash flow positive.

“Affluence is looking forward to working with all of the principals of the merged companies as we continue to build a world-class software and services organization,” continued Honan. “We are excited for the opportunity to take OneMind into more lucrative markets while establishing a complementary partner ecosystem with an installed base to upgrade to Hypervisor NG. In addition, because of our new ability to offer engineering and integration services, we can take a larger piece of the opportunities we win, ensuring a streamlined customer experience.”

“In addition, Affluence Corporation would like to provide an update on the acquisitions of Durham Black and Contrivian,” said Honan. “All of the involved parties have mutually agreed to extend the due diligence period and extend the timeframe of the Letter of Intent agreements. We had successful and substantive meetings in Chicago last week with both companies, and we should have definitive merger documents for both companies within the next few weeks.”

About Affluence Corporation Affluence Corporation (AFFU.PK) is a diversified technology company focused on smart city and industry software and innovative solutions that capitalize on IoT, AI, 5G and edge 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 based in Barcelona Spain is a wholly owned subsidiary of Affluence Corporation. The OneMindNG intelligent IoT solution builder is used to create applications for smart city and smart industries operations. Functioning as systems of systems, OneMindNG platform connects data sources to one single point of insight to provide real-time information on operational processes. It is a key component in the Smart City and enterprise solutions currently being offered by several Fortune 50 companies that resell, distribute, and integrate smart city enterprise solutions. For more information go to https://www.onemindng.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.

Back

Affluence Corporation Announces Intent to Acquire Durham Black LLC and Appoint Leadership Team to Key Executive Roles

01/30/2024

Oak Brook, IL. January 30, 2024 – Affluence Corporation, a leader in Smart City Software, Internet of Things (IoT) technology today announced its strategic intent to acquire Durham Black, LLC, a strategic advisory firm focused on three fundamental areas: Capital Structure, Growth Execution and Operational Excellence.  The acquisition is a significant step forward in Affluence growth strategy, aimed at establishing itself as a global leader in solutions that power both smart industries and next generation Internet.

Following the close of the transaction Affluence will appoint Durham Black management to leadership. Patrick Shutt will be named CEO and Chairman of the Board and Mary Stanhope will become COO.

“This is an exciting time for Affluence, the Durham Black team is already driving value and we have a shared vision to maximize the potential of Affluence and grow from both organic and acquisition initiatives.” said James E Honan, Jr., CEO of Affluence Corporation. “The addition of Patrick Shutt and his team will further drive the growth of Affluence and position us to be able to assimilate future acquisitions.”

Patrick Shutt is a leader in the telecom, technology, and adjacent software sectors and brings a depth of experience and an extensive 25-year track record of success. He has been a Founder, CEO and has provided unique value for every organization he has been with.  Patrick has led capital transactions in excess of $800 million, of note, Goldman Sachs underwrote the IPO of Universal Access where Mr. Shutt as CEO raised $240 million in equity and had a market cap over $5.5 billion at its peak.  Mr. Shutt has a history of growing technology companies as he grew Universal Access to $144 million in revenue in four years and as CEO of Unitas Global grew that company from $2 million in revenue to $80 million in revenue.

Mary Stanhope has over 25 years of leadership experience for global technology companies. A transformational leader, Mary has held strategy and operating positions at both startup and turnaround companies including Unitas Global, Global Capacity, Sidera Networks, and Priority Call Management, with extensive global M&A work with Atos Origin and SchlumbergerSema technology business lines.

This strategic move positions us to deliver on our plan to significantly grow the company in 2024 and opens new opportunities for innovation and collaboration.

About Affluence Corporation Affluence Corporation (AFFU.PK) is a diversified technology company focused on smart city and industry software and innovative solutions that capitalize on IoT, AI, 5G and edge 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 Durham Black LLC Durham Black is a strategic advisory firm focused on empowering technology business leaders to reach their full value potential by providing customized advisory services that fill the gaps in value creation. Durham Black offers advisory services focused on three fundamental areas: Corporate Structure, Growth Execution and Operational Excellence, catering to both startups and mature Network, SaaS, and Managed Service Providers. For more information go to https://www.durham-black.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.

Back

Affluence Corporation Announces Intent to Acquire Contrivian, Inc.

01/18/2024

Strategic acquisition expands Affluence into $500b Global Connectivity Market

OAK BROOK, IL / ACCESSWIRE / January 18, 2024 / Affluence Corporation (OTC PINK:AFFU), a leader in Smart City Software and Internet of Things (IoT) technology, today announced that it has reached an agreement to acquire Contrivian Inc., a global next-generation connectivity provider.  Contrivian leverages its sophisticated North Star™ customer experience application and innovative Lighthouse™ technology to provide intelligent, high performance internet solutions for enterprise customers globally.  The two companies have executed a Letter of Intent for Contrivian to become a wholly owned subsidiary of Affluence, expanding its product portfolio into the $500b global connectivity market.

“This is the first step in a series of acquisitions we plan to make this year, which will significantly grow Affluence. We are excited for the increased growth potential brought to us with entry into this new exciting market,” said James E Honan, Jr., CEO of Affluence Corporation. “Contrivian offers network services to global enterprises that rely on connectivity – that’s everyone. We see that Contrivian has an incredible opportunity to be the technology leader in what is a highly fragmented global market and bring meaningful value to Affluence.”

Contrivian brings innovative technology and much needed software automation and intelligence to the global connectivity space. Today’s internet is built on decades-old protocols and “best efforts” routing; it was not built for the performance that cloud computing, AI, and Software as a Service (SaaS) now demands of it. The growing enterprise migration from legacy private networking to internet access further exacerbates the issue. Contrivian has created a new solution with its proprietary Lighthouse and NorthStar technology, putting innovative routing intelligence and customer experience at the customer edge anywhere around the world.

“We are excited for the opportunities and scale we will gain being part of Affluence,” said Grant Kirkwood, CEO of Contrivian. “We have a shared vision to maximize the potential of Contrivian and grow through further acquisitions, establishing us as a leader in the global connectivity market. I look forward to the many benefits this acquisition will yield for our clients and global partners.”

“Affluence is looking forward to working with Grant and adding his entrepreneurial experience and proven technical knowledge to the management team,” continued Honan. “Going forward, we will continue to deliver on our two-pronged growth strategy to unlock new markets for existing wholly owned subsidiary, OneMind Technologies, while adding increased value with multiple new acquisitions.”

About Affluence Corporation Affluence Corporation (AFFU.PK) is a diversified technology company focused on smart city and industry software and innovative solutions that capitalize on IoT, AI, 5G and edge 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 Contrivian, Inc. Contrivian is redefining how global businesses procure and use connectivity services by providing the next-generation of connectivity services today. Its customer experience application, Contrivian North Star™, provides unmatched intelligence and automation for the full network service lifecycle starting with design, ordering, through delivery, performance monitoring, and management. Contrivian offers multi access internet and private network services optimized for business-critical applications with a single contract, a single point of contact, and a single support team in 160+ countries. For more information, visit contrivian.com and follow Contrivian on LinkedIn.

About OneMind Technologies SL OneMind Technologies SL based in Barcelona Spain is a wholly owned subsidiary of Affluence Corporation. The OneMindNG intelligent IoT solution builder is used to create applications for smart city and smart industries operations. Functioning as systems of systems, OneMindNG platform connects data sources to one single point of insight to provide real-time information on operational processes. It is a key component in the Smart City and enterprise solutions currently being offered by several Fortune 50 companies that resell, distribute, and integrate smart city enterprise solutions. For more information go to https://www.onemindng.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.

Back

Affluence Corporation Partners with Durham Black to Position the Company for Growth

12/20/2023

OAK BROOK, IL / ACCESSWIRE / December 20, 2023 / Affluence Corporation (OTC PINK:AFFU), a leader in Smart City Software and Internet of Things (IoT) technology, today announced it has partnered with strategic advisory firm Durham Black to execute a two-pronged growth strategy that will unlock new markets for its wholly owned subsidiary, OneMind Technologies, while adding increased value through new acquisitions thereby establishing Affluence as a global leader in solutions that power both smart industries and next generation Internet.

“In order to maximize the potential of Affluence, we need to grow both organically and through acquisitions, and the Durham Black team has a proven track record achieving both,” said James E Honan, Jr., CEO of Affluence Corporation. “Our board of directors has tasked us to develop a plan to significantly grow the company in 2024, and Durham Black is the ideal partner for Affluence as we enter our next growth stage.”

“This is an exciting time for Affluence, and we are confident that Durham Black’s proven track record of business building, will help Affluence achieve its growth objectives,” said Patrick Shutt, Managing Director of Durham Black. “The success that Affluence has achieved with OneMind to date is foundational for its successful move into new markets. We see other potential avenues for growth and look forward to working with the Affluence management team to deliver results from both organic and acquisition initiatives.”

The initial diligence with Durham Black has solidified a strategy to expand OneMind Technologies into other synergistic markets. OneMind’s Smart System Orchestrator has achieved success in enabling Smart Cities. The same platform that brings intelligence by sharing information across systems to improve decision making and operational performance for Smart Cities has tremendous potential in Big Data, Telecom, Autonomous Things, and other markets where users need to unify and interpret data from multiple sources and disparate systems.

“I’m extremely impressed with the Durham Black work product and the team advising us,” continued Honan. “With decades of driving value in deals, the Durham Black team is already playing a vital role in mapping out an acquisition plan for Affluence to add three to four high quality companies over the next twelve months that they believe are positioned to grow meaningfully and deliver lasting value. We look forward to this partnership and the many benefits it will yield for our subsidiaries, global partners, and shareholders.”

About Affluence Corporation

Affluence Corporation (AFFU.PK) is a diversified technology company focused on smart city and industry software and innovative 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 Durham Black LLC

Durham Black is a strategic advisory firm focused on empowering technology business leaders to reach their full value potential by providing customized advisory services that fill the gaps in value creation. Durham Black offers advisory services focused on three fundamental areas: Corporate Structure, Growth Execution and Operational Excellence, catering to both startups and mature Network, SaaS, and Managed Service Providers. For more information go to https://www.durham-black.com.

About OneMind Technologies SL

OneMind Technologies SL based in Barcelona Spain is a wholly owned subsidiary of Affluence Corporation. The OneMindNG intelligent IoT solution builder is used to create applications for smart city and smart industries operations. Functioning as systems of systems, OneMindNG platform connects data sources to one single point of insight to provide real-time information on operational processes. It is a key component in the Smart City and enterprise solutions currently being offered by several Fortune 50 companies that resell, distribute, and integrate smart city enterprise solutions. For more information go to https://www.onemindng.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.