Oak Brook, IL. May 22, 2023 – Affluence Corporation (AFFU.PK) a leader in Smart City Software and Internet of Things (IoT) technology released its earnings for the First Quarter of 2023.  Highlights include:

  • Revenue of $887,000
  • Quarter over quarter growth of 104%
  • Highest net income in history

“We had an exceptional First Quarter in terms of both revenue, net income and customer base growth,” said James E Honan, Jr., CEO of Affluence Corporation.  “I am extremely proud of our team and delighted to announce record quarterly revenue of $887,278 and record net income of $277,685. Revenue grew by 104% over Q4 2022 and by 73% over the same time period of 2022, additionally our Q1 revenue is approximately 60% of what we achieved for the entirety of 2022.  The First Quarter Net Income of $277,685 is our largest quarterly profit in history.   It is my belief that going forward we will continue to see this type of growth building off of the momentum that we established in the second half of last year where we made significant investments in our team.  I am extremely excited about our prospects going forward,” said Honan.

“The OneMind Technologies team continues to exceed my expectations and the fantastic First Quarter results are a testament to their efforts,” said Stephane Eyme, Global CEO of OneMind Technologies.  “Our sales team won a major order where the OneMind Product will be the command and control platform for the City of Riyadh, Saudi Arabia.  This is second time that we went head-to-head against our toughest competitor, a Fortune 200 company and won a multi-million dollar opportunity where the customer viewed our technology and approach as superior.  The investments we made in our sales team is paying dividends as our sales pipeline continues to grow exponentially.  Already in Q2 we have won multiple direct and channel opportunities in Chile, Mexico and the US but more importantly in addition to the smart city market we are expanding into new markets as we have received orders from retail logistics companies and universities.  Our development team made great strides strengthening our core product with additional AI capabilities.  Our professional services team continues to deliver against a contract for the world’s largest smart city project,” said Eyme.



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.

Oak Brook, IL. April 17, 2023 – Affluence Corporation (AFFU.PK) a leader in Smart City Software and Internet of Things (IoT) technology released its earnings for 2022 and Q4 with record revenue for FY 2022.  Highlights include:

  • Revenue growth of 185% year over year
  • Year over year gross margin improvement of 5 points
  • Q4 Revenue growth of 38% vs. Q4 2021

“2022 was a year of firsts for Affluence Corporation and we experienced growth in all aspects of our business.  We significantly expanded our customer base, developed major partnerships all over the world and continued to enhance the world’s premier Smart City Software solution by incorporating AI technology and offering customers a SaaS option,” said James E Honan, Jr., CEO of Affluence Corporation.  “I am extremely proud of our team and delighted to announce record revenue growth for 2022. Full year 2022 revenue of $1,463,099 is a 185% increase over $513,673 in 2021.  Also, we improved gross margin by 5 points versus the prior year while maintaining the same level of operating expenses.  Q4 Revenue of $434,850 increased by 38% versus Q4 2021.  While we are very happy with the 2022 results, we are extremely excited about our prospects for 2023.  Our preliminary First Quarter results look to be at least double that of the prior quarter.  We won a major sales opportunity early in Q1, have visibility to several other large opportunities and our sales pipeline is 5X what it was last year at this time.  2023 looks to be a break-out year for Affluence,” said Honan.

“The OneMind Technologies team over performed in every facet of our business,” said Stephane Eyme, Global CEO of OneMind Technologies.  “Our focus in 2022 was to continue to leverage our partnership model to grow through strategic partnerships.  To that end, in addition to already established partnerships with Orange Business Services (NYSE:ORAN),  who granted us with their Best Partner Award for IMEA 2022, we entered into a world-wide strategic partnership with Dell Technologies (NYSE:DELL) and regional partnerships with INJAZAT in the Middle East, BESTEL in Mexico and Central America, GLOBE in South America and STEE in Singapore.  We are currently engaged with all of our partners in multiple on-going sales opportunities for 2023.  Our sales pipeline has never been larger and continues to grow and we expect to be announcing sales in each geography, including the US.  In 2022 our development team strengthened an already industry standard software offering by adding AI capabilities and we introduced a new platform version named OneMind-NG which includes SaaS capabilities among many other added technology enhancements.  Additionally, with our technology partner CORSIGHT we jointly configurated a market offering based on both products to combat auto theft and carjackings.  This new product is currently being evaluated in uses cases in the US.  Our professional services team continues to deliver against a contract for the world’s largest smart city project in Saudi Arabia,” said Eyme.

 



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.

Oak Brook, IL. February 7, 2023 – OneMind Technologies a wholly owned subsidiary of Affluence Corporation (AFFU.PK) announced today new and innovative product features that will enable future development to utilize Artificial Intelligence (AI) and Machine Learning (ML) algorithms that extend the possibilities in analytics functionalities and add new possibilities and benefits for Smart City decision making. OneMind made the announcement at the LEAP 2023 Technology Conference in Saudi Arabia. OneMind is showing its Hypervisor for Digital Cities with our strategic partner Orange Business Services (NYSE:ORAN) as a key piece of OBS’s Digital Cities solution. OneMind Technologies is a leader in Smart City Software and Internet of Things (IoT) technology.

“Once again, we are honored to be invited by Orange Business Services to showcase the OneMind Technologies Hypervisor for Digital Cities at their stand,” said Stephane Eyme, CEO of OneMind Technologies. “LEAP 2023 is the premier technology event that showcases disruptive technologies from around the world. This year LEAP 2023 is focusing on Digital Cities, Future Energy, Health Tech, Fintech and 4-IR. We are excited to show the world the enhancements we made to our Hypervisor and welcome the industry feedback for our product development roadmap.” Continued Eyme.

“City digital transformation generates a huge amount of very valuable data for decision-making and the possibilities of its analysis are key,” said OneMind CTO Javier Solorzano. “That is why OneMind Technologies is committed to offer innovative solutions that enable this analytical phase allowing governors and city managers to have a complete and holistic vision of the needs, present and future, of the inhabitants of the cities. With this objective in mind, OneMind has introduced a new feature that includes the “analytical panel” that adds the capacity to cluster objects that come from different sources of information and to have a new vision of segmented or crossed data. This helps to reduce the complexity of map by analytics functions working on those sections. The visualization of the data is now even clearer through new widgets indicators which facilitate the monitoring of their behaviors and allow the configuration of preventive alerts based on key variables. The expertise and knowledge of our engineering team enables maintaining the OneMindNG platform in a constant evolution, launching continually new valuable features at the same pace as new technologies does,” said Solorzano.

OneMind is currently working on latest tech trends including Cyber Security, Artificial Intelligence and utilizing Machine-Learning algorithms to build models through historical analysis to predict the future and drive strategic decision-making, and to prescribe the best course of action through careful analysis and evidence-based priors. The combination of all these technologies will transform OneMind from Hypervisor to the HyperOrchestrator.



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.

Oak Brook, IL. November 30, 2022 – OneMind Technologies a wholly owned subsidiary of Affluence Corporation (AFFU.PK) has announced today that the company has entered into a strategic partnership with Dell Technologies (NYSE:DELL).  Under the terms of the agreement Dell Technologies will incorporate OneMind’s Hypervisor into its Digital City Software product.  OneMind Technologies is a leader in Smart City Software and Internet of Things (IoT) technology.

“This is a momentous occasion for OneMind and validation of our technology that Dell Technologies, one of the leaders in the Digital City Market has chosen OneMind to be the engine of its Digital City product suite,” said Stephane Eyme, CEO of OneMind Technologies, SL.  “Dell Technologies Digital City products will be “Powered By OneMind.”  We have been working with Dell on several projects over the last few years including a big win with the world’s largest Smart City project and have jointly been increasing our traction on multiple sales campaigns.  OneMind has been front and center with Dell at all of the major Digital City trade shows,” said Eyme.

“Historically Dell’s business has grown through its ecosystem of partners, said Ferry Chung, Global VP of Digital Cities for Dell Technologies. “For the last four years our team has been working to build an ecosystem and working closely with partners like OneMind to develop expertise in solving specific problems, bring proven solutions with modern architectures and ensure successful implementations,” continued Chung.  Mr. Chung’s comments about the partnership were in an interview at the Smart City Expo World Congress 2022 recently held in Barcelona. To hear the interview in its entirety please click on the following link here.

“This partnership with Dell Technologies brings us the global reach of the entire Dell Technologies Digital City sales force and is opening more sales opportunities for us as well as larger opportunities all over the world,” said Eyme.

 

 



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.

Oak Brook, IL. November 22, 2022 – Affluence Corporation (AFFU.PK) a leader in Smart City Software and Internet of Things (IoT) technology released its earnings for the third quarter of 2022 with its fourth straight quarter of positive net income.  Highlights include:

  • Revenue growth of 504% year over year
  • Gross margin growth of 20 points quarter over quarter
  • The fourth consecutive quarter of positive net income

“I am pleased to announce strong positive results in the third quarter, as we continue to make great strides in growing the business,” said James E. Honan, Jr., CEO of Affluence Corporation.  “I am extremely proud of our team and delighted to announce revenue of $453,005 and net income of $132,670 for the third quarter of 2022. The revenue number is adjusted to reflect the divestiture of the RAS subsidiary and is slightly higher quarter over quarter on an adjusted basis.  More importantly, we dramatically improved our gross margin percentage by 20 points quarter over quarter and grew year over year revenue by 504%,” said Honan.

“It is amazing what our management team accomplished in Q3,” said Dale Haase, Affluence Board Member. “We have forged significant partnerships with three of the world’s premier technology companies that will dramatically improve our sales reach in North America, the Middle East and Asia and we will be formally announcing these partnerships in the upcoming months.  Additionally, we divested our RAS subsidiary which will enable us to focus on high growth, high margin markets including Digital Cities and AI.  We also brought in $3.3 million of growth capital in a funding round led by Invenire Capital, LP that has enabled us to increase our development and sales headcount,” continued Haase.

“Operationally, in Q3 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 project,” continued Honan.  “Also, we continued to deliver on a $1 million dollar Artificial Intelligence (AI) contract from the large technology company that is responsible for technology integration for the project.  Going forward, both projects will continue to generate revenue for the remainder of this year and in 2024.  In addition, our distribution network continues to expand which is fueling our growth.  The sales pipeline has never been larger and continues to grow including several large, late stage sales opportunities.  I am confident that we will continue with this momentum in Q4 and beyond,” 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.

Oak Brook, IL. November 10, 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 Smart City Expo World Congress 2022 Conference to be held in Barcelona, Spain from November 15th to 17th. The Smart City Expo World Congress 2022 is the premier international event for the smart city sector and over 24,000 attendees are expected.

“Based on our previous successful showings at prior partner events I am pleased to announce that next week November 15th through the 17th OneMind Technologies is 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 and Nvidia Software (NASDAQ: NVDA) stand and to view Dell’s Digital City Solution, Powered by OneMind Technologies,” said Eyme.

In addition, OneMind Technologies will be featured in two prominent speaking slots. On November 15th at 2:30 PM CET, Stephane Eyme, OneMind’s CEO will give a talk on “How Sharing realtime Information Across Multiple Domains Creates New Layers of Intelligence that Optimizes Smart City Operations.” Also on November 16th at 11:30 AM CET, Javier Solorzano OneMind’s CTO will discuss “The Latest Innovations In Smart City Software Technology.” This year’s show will have a special focus on Enabling Technologies, Energy & Environment, Mobility, Living & Inclusion, Economy, Infrastructure & Buildings and Safety & Security. 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.



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.

Oak Brook, IL. October 6, 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 is being significantly enhanced to address growing market demand and new applications that require OneMind’s unique approach.

At OneMind Technologies, we continue to enhance and evolve our hypervisor solution OneMind NG for multiple applications. Working closely with our partners, we have been developing a use case involving multiple city emergency services to resolve swiftly and efficiently a situation that would otherwise require heavy operational coordination and decision making process. The use case demonstrates how the benefit of real-time analytics and multi-domain intelligence can be applied to Public Safety for Smart Cities, reducing time to respond and optimizing operational efficiency, transforming how cities and organizations respond to managing citizen safety.

The team will present a live demo of the use case during our visit next week to GITEX GLOBAL, the annual enterprise technology and global digital transformation event. This takes place on the 10-14th of October at the Dubai World Trade Centre, a perfect scenario to show the value of OneMind NG’s  technological evolution.

GITEX is the annual enterprise technology and global digital transformation event taking place in Dubai, United Arab Emirates at Dubai World Trade Centre. The event underpins the rapid technology-driven transformations, investments and projects shaping the economies of the Middle East, Africa and Asia.



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.

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.



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.