AFFLUENCE CORP - AFFU STOCK NEWS

Affluence (OTC PINK:AFFU) announces that its subsidiary OneMind Technologies SL has signed a Memorandum of Understanding with Mingothings SLU following the Smart City Expo World Congress in Barcelona. The partnership aims to advance IoT and smart city infrastructure by combining OneMind's proprietary platform with Mingothings' IoT integration expertise. The collaboration framework includes business development, pre-sales, and marketing initiatives, focusing on Smart Cities, Security Command and Control, and Industrial IoT applications. Both companies will engage in joint market development, co-branded marketing, and shared customer engagement resources.

Affluence (OTC:AFFU), a leader in Smart City Software and Internet of Things (IoT), has provided an update on the company's status following the unwind of the Durham Black merger. CEO James E Honan, Jr. expressed disappointment that the merger was not finalized, noting that Durham Black exercised its 120-day unwind clause option.

The company clarified that the previously announced Letter of Intent (LOI) to acquire Contrivian was executed by Durham Black under the assumption of a merger with Affluence and is not part of Affluence Affluence is actively pursuing other opportunities and plans to update the market as they execute their strategy to acquire and manage technology assets.

Affluence (AFFU:OTC PINK), a leader in Smart City Software and IoT technology, has announced the unwinding of its merger with Durham-Black, a strategic consulting firm. The merger, initially announced on May 5, 2024, is being reversed due to failure to meet agreed-upon closing conditions. As a result, Durham-Black officers, including CEO Patrick Shutt, COO Mary Stanhope, CFO Yossi Hazan, and Board Member Robert Pollan, have resigned their positions.

Despite this setback, Affluence remains committed to growth through both organic means and acquisitions. The company reports a strong pipeline of potential acquisitions and is currently in discussions with several companies. Additionally, Affluence has implemented leadership changes at OneMind Technologies and plans to expand its presence in North America while building on established partnerships in the Middle East and Asia.

Durham Black Inc (OTC PINK:AFFU) has appointed Yossi Hazan as the new Chief Financial Officer. Hazan brings over 25 years of finance and accounting experience, having previously served as CFO at companies like Connectbase and Enigma. His expertise includes corporate finance, financial reporting, and mergers & acquisitions, where he led $80 million in global deals and raised over $125 million in equity.

CEO Patrick Shutt highlights Hazan's role in driving Durham Black's acquisition and growth plans, with a focus on innovative, asset-light connectivity companies. Hazan aims to work closely with subsidiaries to capitalize on emerging opportunities and scale the business.

Affluence Corp, operating as Durham Black, has announced key leadership changes and board expansions to drive growth in the communications market. Mary Stanhope has been appointed as President and COO, with responsibilities for the company's operational oversight and strategic direction. The Board of Directors has expanded from three to six members, including Robert Pollan as Chairman and Patrick Shutt as Vice Chairman. These changes aim to enhance corporate governance and steer the company's vision to transform the global connectivity market through innovative AI-enabled, asset-light solutions. The new board members bring substantial experience in operations, investment, and revenue generation, positioning Durham Black for sustainable growth and shareholder value creation.

Affluence (OTC PINK: AFFU) has completed a merger with Durham Black Inc., a privately held technology services company. The merged entity will operate as Durham Black Inc. and continue trading under the ticker AFFU. This merger is aimed at expanding into the $1.7 trillion global communications market. Patrick C Shutt is appointed as the new CEO to lead the company through this transformation. The company plans to increase shareholder value through strategic acquisitions, capitalizing on Shutt's extensive experience in growing technology firms.

Affluence announces strategic acquisitions to strengthen OneMind Technologies and expand market reach by forming Digibriks. The acquisitions include three IoT technology companies to enhance software products, engineering, and implementation services, boosting revenue and technology integration. The move aims to provide an end-to-end solution, entry into new markets, and access to a larger partner ecosystem.

Affluence Corporation, a leader in Smart City Software and IoT technology, has announced its strategic intent to acquire Durham Black, LLC, a strategic advisory firm. The acquisition aims to establish Affluence as a global leader in solutions for smart industries and the next generation Internet. Following the acquisition, Patrick Shutt will be named CEO and Chairman of the Board, and Mary Stanhope will become COO. This move positions Affluence to significantly grow the company in 2024 and opens new opportunities for innovation and collaboration.

Affluence Corporation (AFFU) has announced the acquisition of Contrivian Inc., a global next-generation connectivity provider, expanding its product portfolio into the $500 billion global connectivity market. The acquisition is the first step in a series of planned acquisitions to significantly grow Affluence. Contrivian brings innovative technology and software automation to the global connectivity space, offering intelligent, high-performance internet solutions for enterprise customers globally. The acquisition is expected to bring meaningful value to Affluence and establish the company as a leader in the global connectivity market.