Latest news with #AffluenceCorporation
Associated Press
a day ago
- Business
- Associated Press
Affluence Corporation Subsidiary MTi Secures Over €3 Million in New Contracts Across Europe, Asia, and Central Africa
OAK BROOK, IL / ACCESS Newswire / June 27, 2025 / Affluence Corporation, (OTC Pink:AFFU), a global technology holding company specializing in smart infrastructure and edge computing solutions, announced today that its subsidiary Mingothings International (MTi) has successfully secured multiple new contracts in June 2025, further strengthening its growth trajectory. MTi has finalized commercial agreements exceeding a total value of €3 million, spanning projects across Europe, Asia, and Central Africa. These contracts reflect MTi's ongoing capacity to deliver advanced technology solutions in key verticals such as Smart Cities, Security, and Digital Transformation. Among these recent wins are projects involving key customers and partners, including major European defense integrators, leading global sports organizations, and Asian government security agencies. Formal client approvals are currently being finalized to allow for public disclosure of their names in upcoming announcements. 'This solid commercial momentum reflects our ability to position the Group in complex, high-value projects across multiple continents,' said Oscar Brito, President of Affluence Corporation. 'The strategic wins further validate our integrated approach, combining proprietary software platforms with expert systems integration capabilities through MTi and our partner network.' The new contracts are fully aligned with Affluence Corporation's strategic priorities for 2025, demonstrating its portfolio companies' capability to expand geographically while addressing critical infrastructure challenges in both public and private sectors. For any inquiries or media and investor contact, please reach out to - [email protected]. # # # About Affluence Corporation Affluence Corporation ( 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. For more information go to 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. # # # 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,' 'suggests,' '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 retain management and/or key employees of the target company, availability and the cost of capital, success of growth initiatives, limited operating history and other risks discussed in our filings with the OTCMarkets and the Securities and Exchange Commission. 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 - [email protected] SOURCE: Affluence Corp. press release
Associated Press
12-06-2025
- Business
- Associated Press
Affluence Corporation Appoints Oscar Brito as President
OAK BROOK, IL / ACCESS Newswire / June 12, 2025 / Affluence Corporation, (OTC PINK:AFFU), a global technology holding company specializing in smart infrastructure and edge computing solutions, announced today the appointment of Oscar Brito as President of the Company with immediate effect. His appointment is a crucial step in the planned acquisition strategy to scale and profitably grow the group in the Smart City and Connected Industries IoT space. Mr Brito will report to the Board and be responsible for identifying, obtaining financing, and managing acquisitions within the United States. Mr Brito brings a wealth of experience in private equity, capital formation, mergers and acquisitions, and real estate development across the United States, Europe and Latin America. He has played a key role in raising over $600 million in funding for projects and companies across real estate, telecommunications, and information technology sectors. As a principal and co-investor, he has additionally raised approximately $400 million in capital across a variety of industries, including value-added telecom and telecom infrastructure investments. His expertise lies in identifying high-growth, opportunistic investments and structuring complex financial transactions to support their execution and growth. Most recently, Mr Brito was the co-founder, Member of the Board and an active investor in iQSTEL Inc, a publicly traded, US based telecommunications company generating over $300 million in annual revenue. iQSTEL has become a recognized player in the international telecom market, with a focus on next-generation services and infrastructure. 'Oscar's experience in identifying high-growth acquisition opportunities and raising capital will help us in accelerating the growth of the group' said William Gonyer, CFO of Affluence Corporation. 'I am excited to be joining Affluence. The Smart City and Connected Industries IoT market is a fast-growing sector. I look forward to identifying synergistic targets to drive forward innovation and profitable growth so that Affluence is part of this market evolution. I am certain that we can create significant value in the near future,' said Oscar Brito. # # # About Affluence Corporation Affluence Corporation ( 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. For more information go to # # # 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,' 'suggests,' '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 retain management and/or key employees of the target company, availability and the cost of capital, success of growth initiatives, limited operating history and other risks discussed in our filings with the OTCMarkets; and the Securities and Exchange Commissions. 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 - [email protected] SOURCE: Affluence Corp press release
