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/

OAK BROOK, IL / ACCESSWIRE / September 23, 2021 / Affluence Corporation (OTC PINK:AFFU), a diversified technology company focusing on innovative IoT and 5G enhancing technologies announced today that it has received and has executed a funding term sheet which includes the formation of a joint venture with a large European Investment Fund. The first tranche of term sheet is for up to $40 million dollars in funding which will be utilized to deliver infrastructure, software products and value-added services for multiple large-scale projects in Asia.

“This Term Sheet is the culmination of an extensive effort by our entire management team around the globe,” said James E. Honan, Jr., Affluence’s CEO. “This first tranche of funding from the term sheet that will enable the joint venture to deliver on several very high-profile contract awards which we will be announcing within the coming weeks. Of special note, the structure and formation of the joint venture with our funding partner will not result in our shareholder base experiencing any dilution from the $40 million in funding nor from any subsequent funding tranches. Affluence expects the funding to close early in the fourth quarter upon completion of due diligence and definitive legal documents. Implementation of the projects will begin in the same timeframe. We expect to start reporting revenue from these projects this year and report significant revenue in subsequent years thereafter. We will provide specific revenue guidance as we announce the contracts to the market,” said Honan.

“This funding will establish Affluence Corporation as one of the leaders in Smart City Solutions, IoT, Optical Fiber and 5G technologies in Asia,” said Avinash Bector President and CEO of Affluence for Asia and Africa. “The initiatives that we will be working on will transform the local infrastructures and will enable rapid adoption of Smart City Solutions, IoT and 5G technologies. We have several similar large opportunities in our pipeline in multiple Asian geographies for technology, professional services and infrastructure that we will be closing in due course”, said Bector.



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 at +1 720-295-6409.

OAK BROOK, IL / ACCESSWIRE / July 6, 2021 / Affluence Corporation (OTC PINK:AFFU), a diversified technology company focusing on innovative IoT and 5G enhancing technologies provided a business update and an update for the initiatives previously announced and reiterated its strategy moving forward. The update includes a statement on the progress being made on closing two large opportunities one through its subsidiary ISLP Technologies and the other with its subsidiary OneMind Technologies. The business update includes comments on potential target companies and businesses for acquisition and partnerships.

“We are making steady progress with executing on all fronts,” said James E. Honan, Jr., Affluence’s CEO. “ISLP is currently awaiting the executed MOU for an engagement with one of the largest telecom companies in Asia. Under this engagement, we will build ‘fiber technology-based last mile infrastructure’ and deliver technology products and services through an ‘Aggregation Platform’ to the existing and new subscribers of the said telecom company. The COVID outbreak in Asia has delayed the final execution of the MOU and subsequent contracts but we anticipate to have them completed and begin work against the contract this quarter. In addition, we are in negotiations to acquire two technology companies with unique offerings to strengthen our portfolio of solutions and services with leading-edge technologies for the above project and expect to announce LOI’s in the third quarter as well,” said Honan.

“OneMind Technologies has been selected to provide its Smart City solutions platform for one of the world’s largest Smart City projects. “The OneMind Smart City platform will be the solution behind managing this large deployment that is being delivered by one of the major integration firms in the world and one of the world’s largest technology providers. We expect the official announcement to come in July 2021. The OneMind product will also be included as a value-added service for the Asia fiber opportunity ” 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.

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

Oak Brook, IL December 17, 2020 – Affluence Corporation (AFFU.PK), a diversified technology company focusing on innovative Edge Cloud, Internet of Things and 5G enhancing technologies, announced today that its wholly owned subsidiary OneMind Technologies SL concluded a very successful debut at the GITEX2020 tradeshow in Dubai under the Affluence Corporation banner.

“GITEX2020 was the perfect opportunity for OneMind Technologies to present the intelligent IoT solutions we develop.  We met with principals from ongoing sales opportunities as well as our current partners who brought us numerous new prospects said OneMind’s CEO Stephane Eyme. “We were able to showcase OneMind’s expanded product line which includes solutions for Smart Airports, Smart Hospitals, Smart Shopping Malls and Smart Arenas.  With the ongoing pandemic it is essential for all of these facilities to be able to monitor and report on multiple and complex data feeds in real time.”

“Stephane and his team made some excellent connections at GITEX2020”, said James E Honan, Jr, CEO of Affluence Corporation. “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).  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.

“The OneMind solution is already being implemented around the globe through strong partnerships with Dell, Orange Business Services and ST Engineering.  We are rapidly developing our solution to run in an edge computing environment. Analyzing data closer to where it is collected provides huge benefits in terms of cost and efficiency and will ensure dramatic performance improvements such as faster speeds, improved data capacity and lower latency” 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.

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

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.”


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



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