| Affluence Corporation Completes Transformative Merger with Durham Black Inc
Patrick C Shutt Appointed New CEO to Enhance Growth and Expand Company’s Market Presence
About Affluence Corporation Affluence Corporation Ticker: AFFU is a diversified technology company focused on smart city and industry software and innovative solutions that capitalize on IoT, AI, 5G and edge technologies. We are investing in mid-market businesses to create a cohesive unit which brings together technology for the next generation of internet.
This transformative merger marks a pivotal moment for Affluence Corporation, now doing business as Durham Black Inc., and will unlock new markets by expanding the company's addressable market into the $1.7 trillion global communications market.
The merged public holding company intends to increase shareholder value through a set of new acquisitions, presently under letters of intent (LOI), establishing Durham Black Inc. as a global leader in asset-light, innovative, and AI-enabled software and services, focused on the global communications market.
With the merger, Patrick C Shutt is appointed as the new CEO and Board Director of Durham Black Inc. Shutt is a seasoned executive with over 30 years of leadership and capital markets experience in the technology and connectivity industry. He has a strong track record of successfully growing technology companies and leading them through significant milestones, including Universal Access, Global Capacity, and most recently at Unitas Global, where the company grew from start up, to over $80m and was sold to PacketFabric at an attractive market multiple of revenue.
"I first want to thank the executive team, board and key shareholders of Affluence Corporation for their hard work and dedication in bringing this merger to fruition. Together, we are well-positioned to maximize the exciting opportunities in the global communications market. I am honored to lead Durham Black Inc. during this pivotal moment," remarked Shutt. "As a public holding company with our team's strong operational experience and deep knowledge of the technology and communications industry landscape, we are very well positioned to capitalize on emerging opportunities to transform the global connectivity market and create substantial shareholder value."
James E Honan, Jr, who has served as the CEO of Affluence Corp since 2019 and played a key role in establishing the company's focus on IoT software, will be transitioning from his position to continue to serve as a member of the Board of Directors. Honan expressed his enthusiasm about the completion of this transformative merger, emphasizing "This strategic move will enhance the company's market position and enable the expansion of its capabilities. This, in turn, will support the pursuit of our two-pronged growth strategy, involving the exploration of new markets and the addition of value through multiple acquisitions."
Durham Black Inc. is fully committed to honoring and advancing the current Letters of Intent (LOIs). These agreements represent significant opportunities for the company to expand its market presence and leverage innovative technologies.
About Durham Black Inc.is a technology services company that empowers technology business leaders to maximize their value potential. Durham Black Inc. offers advisory services focused on three fundamental areas: Corporate Structure, Growth Execution and Operational Excellence, catering to both startups and mature Connectivity, SaaS, and Managed Service Providers in the $1.7t communications market.
For new information go to durham-black.com
About Affluence Corporation: Affluence Corporation (OTC Pink: AFFU), is a diversified technology company focused on smart city and industry software solutions that harness IoT, AI, 5G, and edge technologies. The company is committed to driving innovation and creating value through strategic investments and acquisitions.
For old information go to affucorp.com.
BUSINESS DESCRIPTION
News: durham-black.com
COMPANY PROFILE
https://www.otcmarkets.com/stock/AFFU/profile
AFFU SECURITY DETAILS
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MISSION
Through acquisition and partnership, our goal is to build a world leading business which brings together innovative, asset-light, and AI-enabled software & technology businesses for the next generation of communication.
STRATEGY
A public holding company which serves as an acquisition and growth vehicle to acquire, build and grow sub-scale innovators which in turn enables the $1.7 trillion communications market to embrace digital transformation
About OneMind Technologies SL OneMind Technologies SL based in Barcelona Spain is a wholly owned subsidiary of Affluence Corporation. The OneMindNG intelligent IoT solution builder is used to create applications for smart city and smart industries operations. Functioning as systems of systems, OneMindNG platform connects data sources to one single point of insight to provide real-time information on operational processes. It is a key component in the Smart City and enterprise solutions currently being offered by several Fortune 50 companies that resell, distribute, and integrate smart city enterprise solutions. For more information go to onemindng.com.
At OneMindNG we create relationships with channel and technological partners to meet our clients’ needs in a variety of industries.
We have distribution collaborations with channel partners such as Orange Business and Dell, to develop comprehensive IoT projects.
We establish technology alliances with solution partners that integrate OneMindNG into their projects.
This tiny company has Partnerships and shares Event Booths with Major Companies Dell Technologies , Nvidia and Orange Business Services.
https://www.otcmarkets.com/stock/AFFU/news/Affluence-Corporations-OneMind-Technology-Subsidiary-on-Display-With-Dell-and-Nvidia-at-the-Smart-City-Expo-World-Congre?id=417966
"OneMind New Generation brings the proven solutions based in modern architectures to our customers and ensures the success in the implementations and support globally."
OneMind Technologies Along With Orange Business Services Participates in Formal Signing Ceremony for the King Abdullah Financial District Project
https://www.otcmarkets.com/stock/AFFU/news/Affluence-Corporations-OneMind-Technologies-Along-With-Orange-Business-Services-Participates-in-Formal-Signing-Ceremony-?id=414000
OneMind Technologies Awarded Multi-Million Dollar Contract For Smart City Project in Saudi Arabia's Capital
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King Abdullah Financial District
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Neom Mega Projects
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Affluence Corporation Announces Intent to Acquire Contrivian, Inc.
About Contrivian, Inc. Contrivian is redefining how global businesses procure and use connectivity services by providing the next-generation of connectivity services today. Its customer experience application, Contrivian North Star(TM), provides unmatched intelligence and automation for the full network service lifecycle starting with design, ordering, through delivery, performance monitoring, and management. Contrivian offers multi access internet and private network services optimized for business-critical applications with a single contract, a single point of contact, and a single support team in 160+ countries. For more information, visit contrivian.com and follow Contrivian on LinkedIn.
Durham Black Inc. (OTC PINK: AFFU)
Chicago: 111 East Wacker Drive - Suite 2600, Chicago, IL 60601
Boston: 361 Newbury Street, 5th Floor, Boston MA 02115
Affluence Corp Address: 1200 Harger Road, Suite 500 Oak Brook, IL 60523
Intent to Aquire Multiple IoT Technology and Integration Services Companies
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Found this on Dell website:
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