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OneMind Technologies SL Names Stephane Eyme as CEO

12/15/2020

Oak Brook, Ill December 14, 2020 – Affluence Corporation (AFFU.PK), a diversified technology company focusing on innovative Edge Cloud, Internet of Things and 5G enhancing technologies, announced today that Stephane Eyme will lead its wholly owned subsidiary OneMind Technologies SL as CEO.

“We are very excited that Stephane will continue in his leadership role now that we have completed the OneMind acquisition.” said Affluence Global CEO Rohan Chanmugam. “Stephane’s leadership has helped make OneMind Technologies a leader in smart city solutions. Stephane has a wealth of experience having held significant positions with Accenture and Fujitsu. He has been key in driving the team that has made OneMind the engine behind many Fortune 50 Smart City enterprise solutions. The OneMind smart city solution has already been successfully implemented in many countries throughout the globe,” said Chanmugam.

“I am delighted to continue in my role as CEO of OneMind Technologies and to be able to build on the momentum we have established over the last two years”, said Eyme, CEO of OneMind. “Affluence Corporation’s plans and strategic long-term vision has OneMind Technologies as a key component. The resources that Affluence Corporation will bring through additional acquisitions will ensure that our offering to the market is unique. Combining our enterprise solution with edge computing technology will not only bring dramatic performance improvements but result in huge improvements in cost, efficiency and security” said Eyme.

“The global smart cities market size is expected to grow from USD 410.8 billion in 2020 to USD 820.7 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 14.8% (Source: MarketsandMarkets September 2020).” said Affluence Corporation CEO James E Honan, Jr. The Smart City market encompasses several sectors such as health care, transportation, energy, and security and the modular capability of our technology enables us to address each segment” said Honan.

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. https://onemindtechnologies.com/

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/

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.

For further information contact Affluence Corporation Investor Relations:
info@affucorp.com

720-295-6409

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OneMind Technologies at GITEX 2020

12/07/2020

Every year, more than 150,000 people attend the Gulf’s information technology trade show: GITEX.

This year Affluence Corporation subsidiary OneMind Technologies joins the technology and innovation community in Dubaï at GITEX 2020.

Gitex celebrates its 40th anniversary this year. The international trade fair, specializing in technology and innovation, started yesterday, 6 December, and runs until Thursday.

As a result of the Covid-19 crisis many trade fairs and exhibitions have been cancelled or run as digital events. The GITEX organizers have chosen to keep the event on-site to allow companies, entrepreneurs, and investors to meet in person. This year GITEX 2020 focuses on « the transformational ideas that will shape the future of government and business in the next decade ».

This is why OneMind Technologies’ CEO, Stephane Eyme and Francesc Domingo, head of business development, are in Dubai to present the company’s intelligent solutions to the GITEX 2020 audience.

Stephane Eyme said, this show is an opportunity for the company to “[…] present the intelligent solutions we develop. Whether in the field of smart cities, smart constructions or urban mobility, in which we already have an extended experience, but also for future projects, airports or any other space where our customers need to make smarter decisions based on real-time and multi-domain intelligence.”

Francesc Domingo adds “things are moving very fast in the Middle East. We want to present how our different solutions can be adapted to regional needs providing direct support to our ecosystem. We are delighted to be present at this year’s Gitex.”

More information from OneMind Technologies

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Affluence Corporation acquires smart city IoT solution builder OneMind Technologies from Worldsensing

11/24/2020

Oak Brook, IL November 24, 2020 – Affluence Corporation (AFFU.PK) announced today the closing of the acquisition of OneMind Technologies SL from Worldsensing SL. The new entity is a wholly owned subsidiary of Affluence Corporation. Affluence Corporation was advised by Kirkland & Ellis in the US and Araoz & Rueda in Spain. Worldsensing SL was advised by DWF RCD in Spain.

OneMind Technologies SL, based in Barcelona, Spain, helps organizations to transform operational decisions and reveal insights through real-time and multi-domain intelligence. Through its intelligent IoT solution builder OneMind, the company, creates applications for smart construction and smart city operations. The OneMind intelligent IoT Solution builder is used by organizations in the USA, Latin America, Europe, and South-East Asia to optimize operational processes and make real-time decisions based on data-driven insights and be more efficient, responsive, and sustainable. OneMind is very active in the Middle East and Africa region with a number of prospects planned for closure in the coming months.

“As part of Affluence Corporation, OneMind Technologies is in a unique position to generate synergies across the group, drive sustainable growth and become a global leader. OneMind Technologies’ ambition is to enable any organization to run smarter operations through our smart IoT solution builder” said Stephane Eyme, CEO of OneMind Technologies SL.

Rohan Chanmugam, CEO of Affluence Global, said: “We are delighted to welcome the OneMind Technologies team to the Affluence Corporation family. We are uniquely positioned to capitalize on the tremendous growth opportunities offered by OneMind, which combined with our edge computing solutions will have a significant impact in how business is done across the world in the near future.”

“OneMind has worked as an independent Worldsensing business unit and internal start-up for some time now. I have no doubt that the team will continue to thrive within the Affluence ecosystem. The OneMind sale leaves Worldsensing perfectly positioned to expand our leadership in critical infrastructure monitoring to tackle the fundamental mission of keeping people safe by monitoring assets in mining, construction, rail, and beyond,” said Worldsensing’s CEO, Ignasi Vilajosana.

Ends

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
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 a system 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://www.onemindtechnologies.com

About Worldsensing SL
Worldsensing is a global IoT pioneer. Founded in 2008, the industrial monitoring expert works with over 270 engineering partners in more than 60 countries to provide safety through critical infrastructure monitoring in mining, construction, rail, and structural health.
Worldsensing has more than 80 employees and offices in Barcelona, London, Los Angeles and Singapore and investors include Cisco Investments, Mitsui & Co, McRock Capital and ETF Partners, among others. https://www.worldsensing.com/

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 issued by Affluence Corporation.

For further information

Affluence Corporation Investor Relations contact: info@affucorp.com or +1 720-295-6409

Affluence Corporation Media Relations contact: Maria Chanmugam, press@affucorp.com

Worldsensing Media Relations contact: Jennifer Harth, press@worldsensing.com or +34 93 418 05 85

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Affluence Corporation Strengthens Management Team, Appoints Rohan Chanmugam, John McElligott, and Peter Cummings to Lead Affluence Global

10/06/2020

Oak Brook, IL October 6, 2020 – Affluence Corporation (AFFU.PK), a diversified technology company focusing on innovative Edge Cloud, Internet of Things and 5G enhancing technologies, announced today the appointment of Rohan Chanmugam as CEO of Affluence Global, John McElligott as COO and Peter Cummings as CFO .

“With the recent acquisition of OneMind Technologies SL, a smart city applications solution builder, and two pending acquisitions in the edge computing and nano-cloud markets it is imperative that we create a management infrastructure capable of providing the leadership required to realize our anticipated growth,” said James E. Honan, Jr. Affluence’s CEO. “In Rohan, John and Peter we get over 90 years of collective experience having worked with world class telecom and technology companies. We are very fortunate that these exceptional individuals see the potential in Affluence and are taking on significant roles to fulfill the growth potential of the business,” said Honan.

Rohan Chanmugam is a member of the Affluence Board of Directors and will take on the additional role of CEO Global. He is also Chairman of Clevercoms Ltd. a management consultancy advising the telecoms, media, and technology (TMT) sector and has over 30 years of experience in the industry. In addition to founding Clevercoms, he was a Senior Vice President at Equant (Orange Business Services), Managing Director BT A&M, Strategic Advisor to the CEO of COLT Telecom, and Non-Executive Director of Host Europe Corporation. “I am very excited to be leading Affluence Global. We are uniquely positioned to capitalize on the tremendous growth opportunities offered by our smart city and edge computing solutions. Edge computing will have a significant impact on areas such as IOT, 5G, AI, and robotics. These will impact all sectors of industry” said Chanmugam.

John McElligott brings a wealth of M&A, IPO, and operational experience to the Affluence Global team. “John has a track record of success in both public and private companies. With our acquisition of OneMind Technologies and the impending acquisition of the edge solutions business I can think of no one better than John to help Rohan lead on these companies” said Honan. Mr. McElligott has over 30 years of
experience in roles with Duke Energy and BT. “I am delighted to be involved in Affluence and share the long-term vision to build a world leading business which brings together edge cloud enhancing technology for the next generation of communication” said McElligott.

Peter Cummings brings over 30 years of international finance expertise to his position as CFO Affluence Global. “Peter has IPO and M&A experience to go with a solid financial management background. He has held Senior positions at BT and Orange Business Services. His recent roles include working on the roll out of both the fiber optic and 4G networks at Vodafone UK and on the major IT infrastructure savings program at HMRC” said Honan. “Our unique smart city IoT solution builder and edge computing business give us a strong position in the market. I am excited with the long-term potential for Affluence,” said Cummings.

About Affluence Corporation
Affluence Corporation (AFFU.PK) is a diversified technology company focused on edge computing and innovative solutions that capitalize on IoT, AI and 5G technologies. We are investing in mid-market businesses to create a cohesive unit that brings together technology for the next generation of internet.

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 forwardlooking 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.

For further information contact Affluence Corporation Investor Relations at info@affucorp.com and at 720-295-6409.

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Affluence Corporation signs definitive agreement to acquire OneMind Smart City business unit from Worldsensing

09/17/2020

Affluence Corporation (OTC PINK:AFFU), a diversified technology company focusing on innovative Edge Cloud, Internet of Things and 5G enhancing technologies, announced today that the company and Worldsensing have executed the definitive documents for the acquisition of the OneMind Smart City Software business unit. Included in the definitive documents was the establishment of OneMind technologies S.L. which will be a wholly owned subsidiary of Affluence Corporation.

“The OneMind acquisition is at the core of our IoT and 5G go to market strategy,” said James Honan, Jr. Affluence’s CEO. “OneMind Smart City technology is used to monitor and manage security, mobility and traffic, creating unprecedented situational awareness in cities worldwide. The OneMind intelligent IoT Solution builder allows cities in the USA, Colombia, Mexico, Europe, and South-East Asia to optimize operational processes and make real-time decisions based on data driven insights and be more efficient, responsive, and sustainable. The OneMind Smart City Solution is already a key component in the enterprise solutions currently being offered by several Fortune 50 companies that resell, distribute, and integrate Smart City enterprise solutions. This is the first of several acquisitions that will round out a fully integrated Edge Cloud and IoT solution that can be deployed today and will also capitalize on 5G as the technology is rolled out,” said Honan.

“As part of Affluence, the OneMind Smart City solution has the opportunity to grow and evolve”, said Ignasi Vilajosana, CEO and Co-Founder of Worldsensing. “Affluence’s strategic long term vision as it relates to 5G, IoT and Edge Computing provides the ambition and innovative technological approach that will ensure that the OneMind Smart City solution will continue to grow its position as a market leader,” said Vilajosana.

Letting go of its OneMind Smart City offering enables Worldsensing to continue focusing on its core business, Loadsensing, the global leader for IoT remote monitoring of critical infrastructures.

About Affluence Corporation

About Worldsensing

Worldsensing is a global IoT pioneer. Founded in 2008, the technology provider delivers operational intelligence to traditional industries and cities. With more than 100 employees and offices in Barcelona, London, Los Angeles, and Singapore, Worldsensing is globally active and has customers in more than 60 countries. Worldsensing’s investors include Cisco Investments, Mitsui & Co, McRock Capital and ETF Partners, among others. https://www.worldsensing.com/

About OneMind

OneMind is an intelligent IoT solution builder used to create applications for Smart Construction and Smart City operations. Functioning as a system of systems, OneMind allows connecting all existing data sources to one single point of insight to provide real-time information on operational processes. https://www.worldsensing.com/one-mind-smart-cities/

For further information contact Affluence Corporation Investor Relations: info@affucorp.com or +1 720-295-6409

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Affluence Corporation Acquires Second Telecom Infrastructure Company RAS Engineering, P.A.

06/17/2020

Affluence Corporation (OTC PINK:AFFU), a diversified 5G telecom infrastructure company, announced today that it has acquired Miami, Florida based RAS Engineering, P.A. a telecom infrastructure engineering company. The terms of the deal were not disclosed.

“The RAS Engineering, P.A. acquisition is the second of several planned acquisitions and brings innovative technology, national engineering licenses and synergistic capabilities to be employed by our acquired companies,” said James Honan, Affluence CEO. “RAS Engineering, PA, a nationally-awarded engineering company, has developed a shielding technology that reduces the amount of radiofrequency radiation emitted by 5G base stations. This is quite an accomplishment as many municipalities have placed a moratorium on 5G tower construction until the radiation risk is mitigated. In addition, RAS Engineering, PA holds engineering licenses throughout the US which can be utilized by our most recent acquisition of 5 Stems Inc. RAS Engineering has an impressive track record of generating revenue and profit as well.”

“We are very impressed with Affluence’s strategic approach to addressing the pressing 5G infrastructure implementation issues and are excited to be an integral part of Affluence,” said Raul Schwerdt, CEO of RAS Engineering, P.A. “We believe that we are way ahead of the curve on addressing the 5G radiation issue by developing technology that significantly shields radiofrequency radiation. “Additionally, RAS Engineering, P.A. brings a core engineering design and testing capabilities on buildings and infrastructure sites that most organizations have to farm out to third party providers. It will result in higher profit margins for Affluence projects throughout the country. This truly is a one plus one equals three opportunity for the Affluence family of telecom infrastructure companies.”

About RAS Engineering, P.A.

RAS Engineering, P.A. is a telecom infrastructure engineering and design services organization. RAS Engineering, P.A. provides the critical design work needed for telecom construction projects and site plans. Service offerings include A/E design, code compliance, building performance testing, quality control testing, commissioning, measurement & verification, special inspections, as well as consulting for existing telecom projects.

About Affluence Corporation

Affluence Corporation (AFFU.PK) is a diversified holding company focused on 5G infrastructure businesses including fiber, tower construction and maintenance, base station installation and other complementary technologies.

For further information contact Jim Honan at 630-559-6815

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Affluence Corporation Appoints Rohan Chanmugam to its Board of Directors

06/17/2020

Affluence Corporation (AFFU.PK), a telecom infrastructure company, announced today that it has appointed Rohan Chanmugam to serve on its Board of Directors. Mr. Chanmugam is Chairman of Clevercoms Ltd., a management consultancy advising the telecoms, media and technology (TMT) sector and has over 30 years of experience in the industry. In addition to founding Clevercoms, Mr Chanmugam was a Senior Vice President at Equant (Orange Business Services), Managing Director BT A&M, Strategic Advisor to the CEO of COLT Telecom, and Non-Executive Director of Host Europe Corporation.

“Rohan’s breadth and depth of experience in the telecom industry will be an asset to help build and guide the company” said James Honan Jr., CEO of Affluence. “Rohan will give us the global perspective which is lacking in most companies of our size. He has an impressive track record of accomplishment at the highest levels in the telecom industry. I will be leaning heavily on Rohan’s industry experience and also to develop potential partnerships” said Honan.

“Affluence has developed a very interesting strategic plan and I believe that this is the right time for this initiative. I look forward to helping Affluence achieve their ambitions” said Chanmugam. “5G is such a transformative technology and I applaud Affluence’s management team in taking a global approach. 5G will unleash new spectrum and with it better speed and performance, making smartphone and other mobile devices perform better and able to tackle new and advanced applications. 5G will have a significant impact on both business and consumers. It all starts with infrastructure companies like Affluence that will be the backbone of the 5G revolution.”

About Affluence Corporation

For further information contact Jim Honan at 630-559-6815.

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Affluence Corporation Appoints Dale Haase to its Board of Directors

06/17/2020

Affluence Corporation (AFFU.PK), a telecom infrastructure company, announced today that it has appointed Dale Haase to serve on its Board of Directors. Mr. Haase retired as CEO of Metal Parts and Equipment Company after 25 years of leading the company.

“Dale‘s wisdom and experience is exactly the type of person we want to have on our Board of Directors” said James Honan Jr., CEO of Affluence. “Dale’s strong experience in acquisitions in the manufacturing sector will be quite beneficial as we execute our acquisition strategy. I am looking forward to using Dale as a sounding board as we transform Affluence into a premier telecom infrastructure provider,” said Honan.

“I am honored and excited that a company with Affluence’s potential would ask me to take on such a key role,” said Haase. “The conversion to 5G is going to require an increase in the infrastructure labor force the magnitude that has never been seen before. Industry experts are projecting job growth in excess of 200,000 additional positions and I am very impressed with Affluence’s strategy to acquire work crews all across the country.”

Mr Haase has over 45 years of diversified manufacturing experience and has proven success acquiring, growing and selling multiple companies. Mr. Haase led an international joint venture that eventually became Hausermann USA. Mr. Haase received an MBA from the University of Chicago and has a BS degree from Elmhurst College. IMr. Haase has served as a board member for Canton Drop Forge and Bremmer Manufacturing.

About Affluence Corporation

For further information contact Jim Honan at 630-559-6815.