Affluence Corporation (OTCID: AFFU) issued a shareholder letter from President Oscar Brito on July 8, 2026, reflecting on the company's first year of reorganization under new management and outlining its next phase of strategic growth. The letter emphasizes a shift from restructuring to executing a disciplined growth strategy centered on Smart Cities, Industrial IoT, AI-enabled infrastructure, and enterprise software.
The acquisition of Mingothings established the cornerstone of this strategy, providing an established IoT platform with recurring enterprise customers and an international footprint. Subsequently, Mingothings completed the acquisition of Marina Eye-Cam Technologies S.L., expanding capabilities in enterprise security, intelligent video analytics, and integrated hardware solutions. Management projects that IoT operations, including Mingothings and Marina Eye-Cam, have the potential to generate approximately $10 million in revenue during 2026, with expected EBITDA of well over $1.5 million, subject to execution, customer demand, and market conditions.
Affluence continues to pursue a disciplined acquisition strategy, targeting well-managed technology companies in Europe and the United States. The company aims to build an integrated technology platform where complementary businesses benefit from shared engineering resources, expanded commercial reach, and operational efficiencies. Management made a deliberate decision to strengthen the company's financial foundation—including a reverse stock split and advancing balance sheet restructuring—before pursuing additional acquisition financing. The company remains actively engaged with financing sources while advancing due diligence on previously announced opportunities and evaluating additional candidates.
Strengthening the capital structure remains a priority. Affluence entered negotiations with holders of outstanding convertible debt to restructure a substantial portion into long-term preferred equity securities. If completed, this restructuring is intended to eliminate significant convertible debt and deeply discounted conversion mechanisms, reducing future dilution and improving the company's cost of capital.
The company views a future national securities exchange listing as the culmination of Phase One of its transformation, providing broader access to institutional investors and improved liquidity. Phase Two will focus on building an integrated portfolio of complementary businesses across Europe and North America. Priorities for the balance of 2026 include completing the balance sheet restructuring, integrating Mingothings and Marina Eye-Cam, advancing strategic acquisitions, increasing recurring revenue and profitability, and positioning for a future exchange listing.
Affluence Corporation (AFFU.OTCID) is a diversified technology company focused on Smart City and industry software solutions, providing AI-enabled IoT, 5G, and data visualization platforms through subsidiaries Mingothings SLU and OneMind Technologies SL. The letter concludes with a commitment to disciplined growth, prudent capital allocation, and transparent communication.
