Durham Black Inc. announced appointment of Patrick C Shutt as the new CEO. Shutt is a seasoned executive with over 30 years of leadership and capital markets experience in the technology and connectivity industry. He has a strong track record of successfully growing technology companies and leading them through significant milestones, including Universal Access, Global Capacity, and most recently at Unitas Global, where the company grew from start up, to over $80 million and was sold to PacketFabric at an attractive market multiple of revenue.

James E Honan, Jr, who has served as the CEO of Affluence Corp. since 2019 and played a key role in establishing the company's focus on IoT software, will be transitioning from his position to continue to serve as a member of the Board of Directors.