| Affluence Corp is now Durham Black Inc
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
otcmarkets.com
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
otcmarkets.com
King Abdullah Financial District
kafd.sa
Neom Mega Projects
youtu.be
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
otcmarkets.com
Found this on Dell website:
delltechnologies.com
Think about this i realize AFFU is not DELL or NVDA or ORAN but what other penny stock runs around with $10-$131 stock companies.???
How many other penny stock companies are running around with market leaders like
Dell Technologies, Nvidia, Orange Business Services
Dell Technologies Inc. designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG). The ISG segment provides modern and traditional storage solutions, including all-flash arrays, scale-out file, object platforms, hyper-converged infrastructure, and software-defined storage; and general-purpose and AI-optimized servers. This segment also offers networking products and services comprising wide area network infrastructure, data center and edge networking switches, and cables and optics that help its business customers to transform and modernize their infrastructure, mobilize and enrich end-user experiences, and accelerate business applications and processes; software and peripherals; and consulting, support, and deployment services. The CSG segment provides desktops, workstations, and notebooks; displays, docking stations, keyboards, mice, webcam, and audio devices; and third-party software and peripherals, as well as configuration, support and deployment, and extended warranty services. It is involved in cybersecurity technology-driven security solutions to prevent security breaches, detect malicious activity, respond rapidly when a security breach occurs, and identify emerging threats; originating, collecting, and servicing customer financing arrangements; and the resale of VMware products and services. The company serves enterprises, public institutions, and small and medium-sized businesses through its direct sales channel, value-added resellers, system integrators, distributors, and retailers. The company was formerly known as Denali Holding Inc. and changed its name to Dell Technologies Inc. in August 2016. Dell Technologies Inc. was founded in 1984 and is headquartered in Round Rock, Texas.
NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications. The Compute & Networking segment comprises Data Center computing platforms and end-to-end networking platforms, including Quantum for InfiniBand and Spectrum for Ethernet; NVIDIA DRIVE automated-driving platform and automotive development agreements; Jetson robotics and other embedded platforms; NVIDIA AI Enterprise and other software; and DGX Cloud software and services. The company's products are used in gaming, professional visualization, data center, and automotive markets. It sells its products to original equipment manufacturers, original device manufacturers, system integrators and distributors, independent software vendors, cloud service providers, consumer internet companies, add-in board manufacturers, distributors, automotive manufacturers and tier-1 automotive suppliers, and other ecosystem participants. NVIDIA Corporation was incorporated in 1993 and is headquartered in Santa Clara, California.
Orange Business Services
Orange is one of the world’s leading telecommunications operators with revenues of 44.1 billion euros in 2023 and 137,000 employees worldwide.
Orange S.A. provides various fixed telephony and mobile telecommunications, data transmission, and other value-added services to customers, businesses, and other telecommunications operators in France and internationally. The company operates through France;
Spain and Other European Countries; The Africa and Middle East; Enterprise; Orange business; Totem;
International Carriers & Shared Services; and Mobile Financial Services segments. It offers mobile services, such as voice, SMS, and data; fixed broadband and narrowband services, as well as B2B fixed solutions and networks services, including voice and data services. The company also sells mobile handsets, broadband equipment, connected devices, and accessories. In addition, it provides IT and integration services comprising unified communication and collaboration services, such as LAN and telephony, consultancy, integration, and project management; hosting and infrastructure services, including cloud computing; customer relations management and other applications services; security services; and video conferencing, as well as sells related equipment. Further, the company offers national and international roaming services; online advertising services; and mobile virtual network operators, network sharing, and mobile financial services, as well as sells equipment to external distributors, brokers, and operators. It markets its products and services under the Orange brand. The company was formerly known as France Telecom and changed its name to Orange S.A. in July 2013. Orange S.A. is headquartered in Issy-les-Moulineaux, France. |
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