Affluence Corp (PK) (AFFU) News

"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.

TJ i did what i said i had to do today. I Got back home later and the Doc office called to get me to schedule an office visit and not an online doctor visit. I hope i ain’t over thinking things but if have to drive an hour to see the doctor in person, scheduled next week it leads me to think something isn’t right and i may be getting to the point where they want to start a treatment plan.
I just hope i am over thinking it.

As for Oscar it sure seems he was one of the guys in the background running things in iQstel to get the 13 acquisitions done to get revenues growing to lead them to NASDAQ
Even when Oscar left iQstel he still was there if they needed him.

He will be the best addition to this company since I have been following. I would have preferred he was the ceo Great work OS. Hope all is well with you my friend 

Oscar’s accomplishments in IQST can be traced during his time in iQstel. iQstel just got on the NASDAQ so all the filings are listed on OTC Markets all the 8-K’s say what was happening at that time. Go read all the 8-k’s filed from June 2017 to now to get an idea how revenues grew from $7 million to $280 million and while reading up on that you can figure out how iQstel acquired 13 companies and got to NASDAQ
https://www.otcmarkets.com/stock/IQST/disclosure

Warning: there are a lot of 8-K’s to read!!!!!

8-K’s i feel are what gets companies noticed.
There are some investors that just read 8-K’s as soon as they come out to get a jump on the fresh market notice. Heck that company was putting out an 8-K very often

Oscar’s bio says he worked at iQstel from June 2017 - March 2020
But his bio below is saying he helped iQstel go from $7 million in 2017 to $280 million in 2024
And it acquired 13 companies
What i don’t understand is if he left in March 2020 how did he lend a hand in helping in IQstel.
I will get into that farther down this post.

I searched his work history LinkedIn
And this is what i found

Co-Founder and ex-Board Member IQSTel, Inc. -www.iqstel.com • Self-employed
Jun 2017 - Mar 2020 • 2 yrs 10 mos Miami, Florida, United States
With the C-level management group, I was one of the co-founders of IQSTel. I led the company's effort in raising over $30M and set up the strategy to acquire 13 companies in a 6 year span, taking the company from $7M in revenue in 2017 to $280M in 2024. IQSTel is a publicly listed telecommunications company with over $280M in revenue and presence in 13 countries. The company focuses on VolP, Added Value Telco services for Tier-1 carries and Corporate. Additionally, the company has established presence in the loT, fintech and Carrier-level blockchain payment processsing.


I asked ai because there was to much for me to research to get the answer.

Yes, after stepping down from iQSTEL's board in March 2020, Oscar Brito agreed to continue offering guidance to the company on an as-needed basis 1. While he shifted his day-to-day focus to Metrospaces, iQSTEL publicly acknowledged his contributions and left the door open for ongoing informal support

Again, there is no real research from him..... he is all AI. Is he real or is he an agent??

MTi = Mingo Things International

Hence M T i

OMG! I went back to the post you were answering because I have had his misinformative, babbling, verbose, and useless posts on ignore for so long, I couldn't imagine what was well said. But....I have to admit that SOMETHING, finally, is well said. Of course, it is well said by AI because he doesn't know how to do real research.

Well said. On point. 🍷

Where exactly is the hype?  This stock continues to disappoint! 

To those here to flip a word of caution.
You're doing yourself no favours.

The Golden Rule for Investing in Holding Companies
Take a long-term, disciplined approach focused on compounding and capital protection.

Holding companies are designed to build wealth by compounding equity value over time, often in a tax-efficient manner. The most important ethic for investors is to avoid short-term trading and instead hold investments for the long run, allowing the compounding effect to work. Regularly flipping holdings incurs taxes and fees that erode returns, while long-term holding maximizes wealth creation.

Key points to remember:

Be patient: Wealth in holding companies grows best over years or decades, not months.

Avoid emotional decisions: Stick to your plan and don’t react impulsively to market swings.

Focus on capital preservation: As Warren Buffett says, "Never lose money".

Understand the structure: Know how holding companies use cash flow and asset protection to your advantage.

In summary, the golden rule is: Invest for the long term and let compounding work, while protecting your capital and avoiding emotional or impulsive decisions.

Get Scottie over here if you can, I tried but I get it.
Still gun shy and shell shocked. That's why this would be good for him. Steady climb, low cortisol, lucrative. He'd be recovered in no time!

No I think its a retail trader just trying to make money on the possible hype from a new President

AFFU a 50m dump to the .0001s

Called it. Dump it to zero bid then reverse split the Commons or let it fall to Expert Market. That hilo guy is down huge on this. I'd never buy into dilution like AFFU. What a bad pick 🤮

Surprised it wasn't the full 50M or, for that matter, the combined 100M dropped these past two days. In your opinion, was that a dilutive drop?

Good to know, his resume is impressive, as is his educational background. Hopefully others will join you in coming on board who have had past success with him. Thanks for sharing

Oscar made me a pile in IQST a few years back. I was in MSPC and IQST. He did what he said he was going to do and got IQST on the naz 

Again at the same time as yesterday a 50,000,000 buy at 0001 just went thru...

two seconds later there was 10,000,000 put up for sale by NITE at 0002

WRONG* Invisible AI is not used "In the Cloud"
It's expressly used for manufacturing. Looks like I won't be replacing Thierry anytime soon. Apologies for any misinformation.

Yes.  Both 'Mtis'are Dell partners.  I posted this a while back.  MTI...MINGOTHINGS Is out mti,
MTI Ricoh co. Is not.
I was going to post a picture of mingothings but fouled up.
Glad the distinction got press and attention on this board.
There are more than a half dozen companies with 'MTI' as their logo, so one needs to be sure to see
'MTI...mingothings' to know it's ours.
Thanks 

Sharp OS, good research ✔️

Hmmm could be a typo somewhere with MTi. Is Mingothings International working with Richo the camera company from Japan?

Mingothings International (MTi) is not connected to Ricoh, the Japanese camera and electronics company. MTi is a separate company focused on digital transformation, smart city solutions, and IoT integration, recently acquired by Affluence Corporation to expand their smart city and digital infrastructure capabilities.

Ricoh, the Japanese multinational known for cameras and office equipment, acquired a different company called MTI Technology, which specializes in IT services like cybersecurity and data center modernization, but this MTI is unrelated to Mingothings International.

So, the MTi working with Affluence is distinct from Ricoh’s MTI Technology, and there is no indication that Mingothings International is affiliated with Ricoh

Ricoh is not positioning itself as a traditional hardware supplier for smart cities, like those providing street sensors or traffic lights. Instead, Ricoh’s attraction to the smart city space is rooted in digital transformation, IT services, and advanced sensor technologies that support productivity, sustainability, and new ways of working and living.

Recent innovations include smart sensor technology showcased at Milan Design Week 2025, where Ricoh demonstrated AI-enabled sensors integrated into furniture and environments—enabling real-time data collection and interaction for well-being, workspace management, and broader applications in healthcare, real estate, and complex urban environments.

Ricoh’s broader strategy focuses on:

Digital services for workflow automation, security, and remote management

Solutions for municipal digital transformation, healthcare, education, and sustainability

Expanding recurring revenue through service-based offerings rather than just hardware sales

In summary, Ricoh’s smart city interest is about enabling digital ecosystems and connected environments, not just supplying hardware. Their approach leverages their IT, sensor, and digital service expertise to address social issues, improve operational efficiency, and support sustainable urban growth

Fun Fact Buc. I just noticed MTi is a Richo company. Which got me double checking. Yes MTi is working under the Richo camera company umbrella from Japan. That begs the question: Is Richo looking to be a hardware supplier for smart cities. If not what is the attraction for Richo?

Buc our MTi is Mingothings

The one you posted about is MTI A RICOH Company. That is a different company

Geez Buc didn't even know MTi was in on this. Nice find!

For absolute certain Thierry Scosessis is taking a long hard look at Invisible AI for Cloud Applications. That's the seamless operability OneMindNG can REALLY thrive in impressively.

Are there successors, more advanced Generative AI on the horizon. Perhaps an up and comer tech that overshadows Gen AI in the smart city space? 🤔

No technology has yet fully overshadowed generative AI in smart cities, but several advanced trends are emerging that could redefine the landscape

AIoT (Artificial Intelligence of Things): The fusion of AI and IoT is enabling real-time, city-wide intelligence—processing massive data streams from sensors for predictive analytics, adaptive traffic management, and environmental monitoring.

City-Scale Digital Twins: These virtual replicas of entire urban environments leverage AI for simulation, optimization, and scenario planning, allowing cities to test changes before real-world implementation.

Invisible AI: The shift is toward “invisible” AI solutions that operate within existing infrastructure, using advanced analytics and automation without requiring major new hardware deployments.

Next-Gen Predictive AI: AI models are moving beyond generative tasks to deliver predictive power—anticipating traffic, infrastructure needs, and even disaster response in real time.

Open Data Spaces and Interoperability: Platforms like City AI Connect are fostering collaboration, enabling cities to share and co-develop AI solutions for urban management.

Generative AI remains a game-changer, but the integration of AI with IoT, digital twins, and predictive analytics is rapidly advancing and may soon rival or complement generative AI’s impact in the smart city sector

"What is the State of the Art in Smart City Technology please. Is there any game changer tech standing out in the last 8 months?"
- I'll highlight some possibilities I think AFFU might (or should) be looking at in bold type.

State of the Art in Smart City Technology (2025)
Key Technologies and Trends:

AI in Urban Planning & Governance: AI is now central to planning and delivering city services, from resource allocation to real-time citizen alerts and predictive modeling for infrastructure needs.[url][/url][tag]insert-text-here[/tag]

City-Scale Digital Twins: Virtual replicas of entire cities are used for simulation, planning, and management. Cities like Singapore and Helsinki are leading in this space, and activity is rapidly expanding.

IoT & Edge Devices: Intelligent sensors and edge computing enable real-time data collection and analysis for predictive maintenance, adaptive traffic management, and environmental monitoring.

Smart Mobility: Integrated systems connect public transport, micro-mobility, ride-sharing, and autonomous vehicles, improving efficiency and sustainability.

Climate Resilience: IoT-powered solutions for flood detection and adaptive infrastructure help cities prepare for extreme weather events.

Renewable Energy & Smart Grids: AI-driven resource allocation, micro-grids, and new battery technologies support the shift to sustainable energy.

Blockchain: Used for secure, transparent data sharing in urban systems.

Robotics: Automating waste management, public safety, and other urban services.

Recent Game Changers (Last 8 Months)
Explosion of City-Scale Digital Twins: The adoption of digital twins for entire urban environments has accelerated, enabling cities to simulate and optimize everything from traffic to energy use before real-world deployment.

AI-Driven Real-Time Urban Management: AI and IoT integration now allows for real-time, adaptive responses to city needs—such as instant traffic rerouting, dynamic energy distribution, and predictive maintenance.

Advanced Smart Mobility Platforms: New platforms leverage quantum data modeling and cloud computing for fast, collaborative urban planning and transport optimization.

5G-Powered Urban Infrastructure: Enhanced 5G connectivity is enabling low-latency, high-bandwidth applications critical for autonomous vehicles and real-time analytics.

These advances are fundamentally transforming how cities operate, making urban environments more efficient, resilient, and responsive than ever before.

The cold claw of reality will strike soon. I just hope your families do not forsake you 😀

MTi is a full stack developer, yesterday's LinkedIn

https://www.linkedin.com/posts/mingothings-international_smart-city-essentials-activity-7338572828490792960-6gj1?utm_source=share&utm_medium=member_android&rcm=ACoAAFgfo9MBauqluTcGjKqj5eh0BnKGCSwtgCs

There's no way anyone could misconstrue this as vacuous hyperbole...

I am certain that we can create significant value in the near future," said Oscar Brito.

What is all the certainty about. He's clearly saying there's already something in the oven.

When you look at the release announcing Oscar it seems that way to me as well... Oscar is appointed as President and he will answer to the Board of Directors is what the PR said. Normally a President would answer to the CEO as the chain of command is CEO, President (COO) and the CFO. In looking at the April 7 filing it would appear that they may not take complete control until the move to a higher exchange, it says NYSE or NASDAQ takes place by the 2027 annaversary date of the dealing being completed. In this case its May 19, 2027. That may be when the Series A shares convert to just preferred shares and gives them the 51% control. Until then we just go with our In Limbo James as the make believe CEO

Thanks for the levity, strangely brings great comfort. Thought it was just me, God's truth they desperately need to attend a promotion workshop. Can't wait for the AGM, I'll be the guy at the door handing out free pea shooters and ammo. Well at least they haven't slid the Prez under the rug. Thank heavens for small mercies.

I'm not sure if this will be another strategic partnership, joint venture, massive merger El permanento, they certainly have there options! It feels very much like we are closing in on a Generative AI module whether acquired, shared etc. because the infrastructure sure seems to be assembling en masse. They could still blast one over the nosebleeds if they put there OneMindNG to it. 🤔

Let's hope this news with move this sucker.. dilution machine ... 

Would be a sign of belief & encouragement for the investing public should those we speak of actually lighten up instead of being the normal greedy ass SOB's we know them to be

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 (AFFU.PK) 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 https://affucorp.com.

# # #

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 - press@affucorp.com

SOURCE: Affluence Corp


View the original press release on ACCESS Newswire

https://app.accessnewswire.com/img.ashx?id=1038563

© Copyright 2025 ACCESS Newswire. All Rights Reserved.
https://www.otcmarkets.com/stock/AFFU/news/Affluence-Corporation-Appoints-Oscar-Brito-as-President?id=482707

Still, I'm jealous of that person that got that 50 mil @.0001 yesterday. Imagine being able to say, my avg sh price is .0001, wow!

Truth. Great post for those learning the ropes. Let's all have a great day regardless of the sideways trading.

I'm getting a sense that MTi doesn't seem to be controlling AFFU at the moment. I wonder if that share exchange that supposedly gave MTi 51% didn't exactly happen to that effect. It's not a big deal either way to me but I'm just feeling isn't "controlling" the company right now. 

Well , the BEST place the credentialed speaker says is immersion in AI as e1 will be using it...so jobs plentiful within it.  

On the PM side of it... I am sure you are correct... but all we can do is question the logic behind such a move... higher would mean quicker for those people... less shares needed to get the same results.

Buying and selling stocks is not really a complicated process. You buy a stock because you hope to sell it one day and make a profit. The first rule of thumb is if I pay X amount for this what is the price going to be when I sell it. A buyer looks at the ASK and thinks ok this is the price I will pay because I want it now. So he or she would need to pay XXX next question is if I want to sell it and move on quickly what is the BID. But if the ASK shows 55 million shares for sale and the average trading volume is below that number the only option if he or she buys it is to sell below what they paid. People are not willing to pay 0002 and sell for 0001 If there is that much for sale on the ASK they can be sitting there for a very long time waiting for the price to go up. So they pass on the stock and go else where. The 1 tick fool is left with is Good Till Canceled order sitting and spinning for the full 60 days. All so they can make a few hundred bucks... tiny minds looking for tiny profit. Fools, plain and simple they are fools.

Well said as up till now we've had to deal w/ incompetent management (hopefully yesterday's team members website update & today's news publicly announcing said) & now we also have to deal w/ cheap ass 1 tick retail stalling any upward momentum

I hear that
It will move someday

I would love to see any of the retail people who have helped put 55 million shares on the ASK pull them off and let this damn thing breath a bit... people are not going to buy with that many shares on the ASK... indications are the dilution has come to a trickle so retail now has to do their part. This news should be a mover for the stock but instead its being held back by these one tick flippers...

excellent idea
Would like to see new info weekly or at least monthly

So nice to actually see $AFFU put out a Press Release thought we'd double up.

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.

https://www.accessnewswire.com/newsroom/en/computers-technology-and-internet/affluence-corporation-appoints-oscar-brito-as-president-1038563

Should be

Hopefully good news here.

OTC Disclosure & News Service
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.

# # #

.