American Marconi Wireless News - Affluence Corporation Issues Shareholder Letter Highlighting Post-Merger Financial Performance, Restructuring Progress, and Uplisting Strategy

Dear Shareholders,

Following the successful acquisition of Mingothings (MTi) in May 2025, Affluence Corporation has entered a new chapter of measurable progress and focused execution.

I am pleased to share that for the six-month period ending June 30, 2025, Affluence Corporation reported net income of $2,105,516, reflecting the first period of consolidated operations post-acquisition. This milestone is the direct result of meaningful operational improvements and the ongoing restructuring of our balance sheet - most notably, the reduction of derivative liabilities by way of repayment and settlement with a focus on the elimination of high-risk convertible debt.

Financial Performance Highlights¹

(as of June 30, 2025, vs. December 31, 2024)

¹The financial figures set forth herein are derived from the Company's financial statements included within the Quarterly Report for the period ended June 30, 2025 (the "Report") as filed and available at OTCMarkets.com. As set forth in the Report, the financial statements are management prepared and may be subject to revisions.

Even amid an increase in shares outstanding - from approximately 1.27 billion to 4.51 billion for the period - financial performance improved across all key metrics, proving the effectiveness of our restructuring strategy and the value of our operating subsidiaries.

However, the most important metric of our past period financial performance was that our operating divisions, Mingothings and other subsidiaries, direct and indirect, booked a net operating income (before corporate overhead) of approximately $563,000. Including corporate overhead, our operating income for the period was -$52,574 vs. -$3,149,726 for the pre-acquisition period ending on December 31, 2025.

The issuance of these shares was not random or dilutive in the traditional sense, but rather part of a deliberate cleanup of legacy obligations that has already eliminated over $4.5 million in debt and derivative-related liabilities from our balance sheet.

Focused on the U.S. Market and Growth Through Acquisition

While our subsidiaries continue to perform well internationally - with over €6.4 million in contracts signed and nearly €3 million billed - we are now turning strategic focus toward the U.S. market. Several U.S.-based projects are already in motion, and we anticipate increased traction in the domestic pipeline through the end of 2025.

To accelerate this trajectory, we are actively evaluating strategic acquisition targets, including one based in the United States. Our goal is to complete at least one acquisition before year-end, expanding our revenue base and positioning us closer to national listing eligibility.

Balance Sheet Restructuring and Capital Strategy

We understand shareholder concerns regarding dilution and want to address them directly and transparently.

Yes, new shares have been issued. But every issuance has served a purpose: reducing liabilities, retiring legacy debt (majority of which is toxic), and thus strengthening the capital structure and balance sheet of the Company.

That said, our financial reset is not yet complete. We are now entering the final phase of restructuring, wherein we are focused on the conversion of remaining convertible debt into long-term preferred equity

This step will:

• Strengthen our balance sheet by adding structured equity in place of short-term liabilities;

• Support uplisting requirements by increasing total net assets and improving shareholder equity;

• Transition existing debt holders into longer-term investment instruments (structured preferred equity), better aligned with the Company's forward growth trajectory.

Once this phase is complete, the heavy lifting in our cleanup will be behind us. Of course, our plans will require the agreement of the holders of the remaining convertible debt; however, discussions to reach our stated goals have commenced and have been positive and very encouraging.

Outlook and Path to Uplisting

Our current core operations are projected to generate revenues exceeding $6-7 million in fiscal year 2025. Should we successfully execute our business plan through strategic consolidation, restructuring, and acquisitions, these initiatives may position us for consideration of an uplisting to NASDAQ or another national exchange.

Final Thoughts

We are developing a fundamentally sound company built on solid revenues, cutting edge tech, established customer relationships, and sustainable growth potential. Our leadership team stays focused on execution, our business momentum accelerates, and our strategic roadmap provides clear direction forward.

We appreciate the trust placed in us by our shareholders and welcome those considering joining our journey. Regular updates will follow as we advance our strategic initiatives.

Sincerely,

Oscar Brito
President
Affluence Corporation

About Affluence Corporation

Affluence Corporation (AFFU.OTCID) is a diversified technology company focused on Smart City and industry software solutions. Through subsidiaries Mingothings SLU and OneMind Technologies SL, Affluence provides AI-enabled IoT, 5G, and data visualization platforms to enterprise and municipal clients worldwide.

Website: https://affucorp.com

About Mingothings SLU

Mingothings SLU ("MTi") is a specialist in integrated IoT solutions and data analytics for smart cities and connected industries. MTi provides real-time data platforms and consulting services to municipalities and large enterprises.

Website: https://www.mingothings.com

About OneMind Technologies SL

Based in Barcelona, Spain, OneMind Technologies develops and licenses advanced Command-and-Control software for smart cities, industrial environments, and security infrastructure. Its OneMind platform delivers centralized real-time visualization and actionable data intelligence.

Website: https://onemindng.com

Forward-Looking Statements

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," "suggest," "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, availability and the cost of capital, success of growth initiatives, limited operating history, failure to successfully close any proposed acquisitions, failure to raise sufficient capital, and other risks discussed in our filings with the OTC Markets.

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: [email protected]

SOURCE: Affluence Corporation

View the original press release on ACCESS Newswire

Th.Berger--AMWN