Affluence Corporation Signs Letter of Intent to Acquire Universal Call Limited, Expanding its Telco and Enterprise IoT Footprint
Affluence Corporation (OTCID:AFFU) signed a Letter of Intent to acquire Universal Call Limited, a UK-based telecommunications services and enterprise connectivity provider.
Management expects the combined organization to reach approximately $43 million in annual revenue and over $1 million in operating income by the end of fiscal year 2025 (ending March 31). The acquisition aims to add UCL's enterprise client base and sales channels to accelerate cross-selling of Affluence's IoT, AI, and intelligent edge solutions in telco and government verticals. The transaction is subject to definitive agreements, standard closing conditions, and customary regulatory and shareholder approvals, and is described as a step toward listing on a national exchange.
Affluence Corporation (OTCID:AFFU) ha firmato una Lettera di Intenti per acquisire Universal Call Limited, un fornitore britannico di servizi di telecomunicazioni e connettività aziendale.
La direzione prevede che l'organizzazione combinata raggiunga circa $43 milioni di fatturato annuo e oltre $1 milione di utile operativo entro la fine dell'esercizio 2025 (con chiusura il 31 marzo). L'acquisizione mira ad aggiungere la base clienti enterprise e i canali di vendita di UCL per accelerare la cross-selling delle soluzioni IoT, AI e edge intelligente di Affluence nei settori telco e governativo. La transazione è soggetta agli accordi definitivi, alle condizioni di chiusura standard e alle approvazioni regolamentari e degli azionisti abituali, ed è descritta come un passo verso la quotazione su una borsa nazionale.
Affluence Corporation (OTCID:AFFU) firmó una Carta de Intención para adquirir Universal Call Limited, un proveedor del Reino Unido de servicios de telecomunicaciones y conectividad empresarial.
La dirección espera que la organización combinada alcance aproximadamente $43 millones de ingresos anuales y más de $1 millón de ingreso operativo para fines del año fiscal 2025 (que termina el 31 de marzo). La adquisición pretende sumar la base de clientes empresariales y los canales de venta de UCL para acelerar la venta cruzada de las soluciones IoT, IA y edge inteligente de Affluence en los verticales de telco y gobierno. La transacción está sujeta a acuerdos definitivos, condiciones de cierre estándar y aprobaciones regulatorias y de los accionistas habituales, y se describe como un paso para listar en una bolsa nacional.
Affluence Corporation (OTCID:AFFU)는 Universal Call Limited를 인수하기 위한 의향서를 서명했으며, 이는 영국에 기반을 둔 통신 서비스 및 기업 연결성 공급업체입니다.
경영진은 결합된 조직이 2025 회계연도 말까지 대략 $43백만의 연간 매출과 $1백만의 영업이익을 달성할 것으로 기대합니다( 3월 31일 종료). 인수는 UCL의 기업 고객 기반과 판매 채널를 추가하여 Affluence의 IoT, AI 및 지능형 에지 솔루션의 교차 판매를 가속화하는 것을 목표로 합니다. 거래는 확정 계약, 일반 마감 조건 및 관례적 규제 및 주주 승인에 따라 달라지며, 국내 거래소 상장을 위한 한 걸음으로 설명됩니다.
Affluence Corporation (OTCID:AFFU) a signé une lettre d'intention pour acquérir Universal Call Limited, un fournisseur britannique de services de télécommunications et de connectivité d'entreprise.
La direction prévoit que l'organisation combinée atteigne environ 43 millions de dollars de chiffre d'affaires annuel et plus de 1 million de dollars de résultat opérationnel d'ici la fin de l'exercice 2025 (se terminant le 31 mars). L'acquisition vise à ajouter la base de clients d'entreprise et les canaux de vente d'UCL pour accélérer la vente croisée des solutions IoT, IA et edge intelligent d'Affluence dans les secteurs télécom et gouvernement. La transaction est soumise à des accords définitifs, à des conditions de clôture standard et aux approbations réglementaires et des actionnaires habituelles, et est décrite comme une étape vers une cotation sur une bourse nationale.
Affluence Corporation (OTCID:AFFU) unterschrieb eine Absichtserklärung zum Erwerb von Universal Call Limited, einem im Vereinigten Königreich ansässigen Anbieter von Telekommunikationsdiensten und Unternehmenskonnektivität.
Das Management geht davon aus, dass das zusammengeschlossene Unternehmen bis zum Ende des Geschäftsjahres 2025 (Ende 31. März) einen Umsatz von ca. $43 Millionen und mehr als $1 Million Betriebsergebnis erreichen wird. Die Übernahme zielt darauf ab, UCLs Unternehmensklientel und Vertriebskanäle hinzuzufügen, um die Cross-Selling von Affluence' IoT-, KI- und intelligenten Edge-Lösungen in den Bereichen Telko und Regierung zu beschleunigen. Die Transaktion unterliegt definitiven Vereinbarungen, üblichen Abschlussbedingungen sowie regulatorischen und Aktionärsfreigaben und wird als Schritt in Richtung Börsennotierung auf einer nationalen Börse beschrieben.
Affluence Corporation (OTCID:AFFU) قد وقّعت خطاب نوايا للاستحواذ على Universal Call Limited، وهو مزود خدمات اتصالات واتصال مؤسسي مقرّه في المملكة المتحدة.
تتوقع الإدارة أن تصل المؤسسة المدمجة إلى حوالي $43 مليون من الإيرادات السنوية وأكثر من $1 مليون من الدخل التشغيلي بحلول نهاية السنة المالية 2025 (المنتهية في 31 مارس). يهدف الاستحواذ إلى إضافة قاعدة عملاء المؤسسات وقنوات المبيعات الخاصة بـ UCL لتسريع البيع المتبادل لحلول Affluence في IoT والذكاء الاصطناعي والحافة الذكية في قطاعات تكنولوجيا الاتصالات الحكومية.
Affluence Corporation (OTCID:AFFU) 已签署意向书，拟收购 Universal Call Limited，一家总部位于英国的电信服务与企业连接性提供商。
管理层预计合并后的组织在2025财年末（截至3月31日）将实现约$43百万的年度收入和超过$1百万的营业利润。此次收购旨在增加UCL的企业客户群体与销售渠道，以加速在电信和政府垂直领域对Affluence的物联网、人工智能及智能边缘解决方案的交叉销售。交易取决于最终协议、标准的成交条件以及惯常的监管和股东批准，并被描述为在国家交易所上市的一步。
- Combined revenue target of $43 million by fiscal year 2025
- Projected operating income of over $1 million by fiscal year 2025
- Adds established enterprise client base and telco sales channels
- Supports company goal toward a national exchange listing
- Transaction contingent on definitive agreements and customary approvals
- Integration risk of melding UCL telco services with Affluence IoT business
BOULDER, CO / ACCESS Newswire / October 20, 2025 / Affluence Corporation, (OTCID:AFFU), a diversified global technology holding company focused on smart infrastructure and edge computing, today announced the execution of a Letter of Intent (LOI) to acquire Universal Call Limited (UCL), a United Kingdom-based telecommunications services and enterprise connectivity provider.
The proposed transaction represents an exciting strategic step forward for Affluence, aligning with its vision to integrate advanced IoT, AI, and Smart Infrastructure solutions into enterprise and government communications networks.
Upon completion, management anticipates the combined organization to reach approximately
"This agreement represents not only a strategic milestone for Affluence but also a validation of our operating model," said Oscar Brito, President of Affluence Corporation. "UCL's enterprise client base and strong foothold in the telecom sector will enable us to cross-sell our IoT solutions, particularly in the telco and government verticals. Together, we will leverage their sales infrastructure to accelerate the adoption of our intelligent edge technologies in large-scale enterprise environments."
"We're very excited to join forces with Affluence Corporation," said EddieAdnan Jamil, Chief Executive Officer of Universal Call Limited. "This partnership will unlock new opportunities for our customers by integrating next-generation IoT and data solutions into the robust telecom framework we've built over the years. It's a natural evolution for both companies and one that will drive measurable value for clients across industries."
The acquisition is subject to the execution of definitive agreements, standard closing conditions, and customary regulatory and shareholder approvals.
This transaction marks an additional giant step in Affluence's path toward listing on a national exchange. The acquisition of Universal Call Limited-a service-based company with established sales channels and enterprise relationships-strengthens Affluence's position as a high-growth technology platform capable of delivering intelligent infrastructure solutions for the next generation of connected cities and enterprises.
About Affluence Corporation
Affluence Corporation (AFFU.OTCID) is a diversified technology company focused on smart city and industry software solutions. Through subsidiary Mingothings SLU Affluence provides AI-enabled IoT, 5G, and data visualization platforms to enterprise and municipal clients worldwide.
For more information go tohttps://affucorp.com.
About Mingothings SLU
Mingothings SLU ("MTi") is a trusted specialist in integrated IoT solutions and data analytics for smart cities and connected industries. With expertise in real-time data processing, sensor integration, and adaptable IoT platforms, MTi provides innovative solutions designed to maximize efficiency, sustainability, and operational performance in diverse IoT applications.https://www.mingothings.com/
About Universal Call Limited
Universal Call Limited (UCL) is a UK-based telecommunications and enterprise connectivity provider offering tailored solutions for carriers, governments, and large organizations. Its services include advanced voice, data, and networking infrastructure designed to enable high-performance communications across global markets.
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements that are not historical in nature, including the words "anticipate," "expect," "suggest," "plan," "believe," "intend," "estimates," "targets," "projects," "should," "could," "would," "may," "will," "forecast" and other similar expressions are intended to identify forward-looking statements.
Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. 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, the failure to close the acquisition contemplated by the letter of intent, the failure to retain management and/or key employees, availability and the cost of capital, success of growth initiatives, limited operating history, failure to raise sufficient capital, failure to expand business operations, failure to identify and capitalize on global trends and economic opportunities, failure to uplist to an exchange, and other risks discussed in our filings with the OTC Markets.
Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Affluence Corporation assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.
Media and investor contact - press@affucorp.com
SOURCE: Affluence Corp
View the original press release on ACCESS Newswire
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