Affluence Corporation Outlines Transformation and Growth Strategy in Shareholder Letter

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 reflecting on the company's reorganization and outlining its next phase of strategic growth. The letter, released July 8, 2026, highlights significant progress in building a scalable technology platform and strengthening the capital structure over the past year.

According to the letter, the acquisition of Mingothings established the cornerstone of Affluence's IoT strategy, providing an established IoT platform, recurring enterprise customers, and a growing international footprint. More recently, Mingothings completed the acquisition of Marina Eye-Cam Technologies S.L., expanding capabilities in enterprise security, intelligent video analytics, software development, access control, 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.

Strategic acquisitions remain a principal driver of Affluence's long-term growth strategy. The company is identifying well-managed technology companies in Europe and the United States that occupy an underserved segment of the market—below the size typically pursued by larger strategic acquirers but with proven products and recurring customer relationships. Affluence aims to build an integrated technology platform where complementary businesses benefit from shared engineering resources, expanded commercial reach, cross-selling opportunities, and operational efficiencies.

On the financial front, management prioritized strengthening the balance sheet. The company entered negotiations with holders of outstanding convertible debt to restructure a substantial portion into long-term preferred equity securities. If completed, the restructuring is intended to eliminate a significant portion of convertible debt, remove deeply discounted conversion mechanisms, reduce future dilution, improve the cost of capital, and align long-term capital partners with strategic objectives. The company also completed a reverse stock split as part of its financial foundation improvements.

Looking ahead, Affluence views a future national securities exchange listing as an important milestone that could provide broader access to institutional investors, improved market visibility, enhanced liquidity, and lower-cost growth capital. This would support Phase Two of the strategy: continuing to build an integrated portfolio of complementary Industrial IoT, Smart Infrastructure, AI, and enterprise software businesses across Europe and North America.

For the balance of 2026, the company's priorities include executing the balance sheet restructuring, completing integration and commercial expansion of Mingothings and Marina Eye-Cam, advancing strategic acquisition opportunities, increasing recurring revenue and operating profitability, improving access to growth capital, and positioning for a future exchange listing. The full shareholder letter is available on the company's website at affucorp.com.

This announcement matters for the Texas business community as Affluence's growth trajectory highlights opportunities in the Smart City and Industrial IoT sectors, which are increasingly relevant for Texas's expanding technology ecosystem. The company's disciplined acquisition strategy and focus on scalable platforms could serve as a model for emerging tech firms in the state seeking to achieve sustainable growth.