Affluence Corporation Outlines Transformation and Growth Strategy

Affluence Corporation (OTCID: AFFU), a diversified global technology company focused on Smart City, Industrial IoT, and security software solutions, has issued a shareholder letter from President Oscar Brito, detailing the company's transformation and strategic growth plans. The letter, published on NEWMEDIAWIRE, outlines significant progress in restructuring and repositioning the company for long-term success. Over the past year, Affluence has focused on building a scalable technology platform, improving its capital structure, and executing a disciplined acquisition strategy. Key milestones include the acquisition of Mingothings, which established the company's IoT foundation, and the subsequent purchase of Marina Eye-Cam Technologies S.L., expanding capabilities in enterprise security, intelligent video analytics, and integrated hardware solutions. The company projects that its IoT operations, including Mingothings and Marina Eye-Cam, could generate approximately $10 million in revenue in 2026, with expected EBITDA of well over $1.5 million, subject to market conditions and execution risks.

Brito emphasized that strategic acquisitions remain central to Affluence's growth strategy, targeting well-managed technology companies in the Industrial IoT, Smart Infrastructure, AI, and enterprise software sectors across Europe and the United States. The company aims to build an integrated platform where complementary businesses benefit from shared resources and cross-selling opportunities. Management deliberately slowed the acquisition pace to first strengthen the financial foundation, including completing a reverse stock split and advancing balance sheet restructuring. The company is now actively engaging with financing sources to pursue additional acquisitions. A key priority is restructuring outstanding convertible debt into long-term preferred equity securities, which could eliminate a significant portion of debt and reduce future dilution. If completed, this restructuring is intended to improve the balance sheet, lower the cost of capital, and better align capital partners with strategic objectives.

Looking ahead, Affluence is focused on executing its growth strategy, including integrating Mingothings and Marina Eye-Cam, advancing acquisitions, increasing recurring revenue, and positioning for a future national securities exchange listing. The company views a national exchange listing as a milestone that could provide broader access to institutional investors and enhanced liquidity. Brito expressed confidence in the company's trajectory, highlighting the shift from restructuring to execution. The letter underscores Affluence's commitment to disciplined growth, prudent capital allocation, and transparent communication, aiming to create sustainable long-term value for shareholders. For more details, the original release is available on www.newmediawire.com.