Alliance Creative Group (ACGX)
Reports Revenue of $3,399,008 for Fourth Quarter of
2022
Total Annual Revenue for 2022 was
$12,242,126 prior to the transition
Chicago, IL -- March 30 , 2023 -- InvestorsHub
NewsWire -- Alliance Creative Group, Inc., (http://www.AllianceCreativeGroup.com) (Stock Symbol
OTC: ACGX) is pleased to announce the results of Operations for
the Three Months and Year Ending December 31, 2022.
Revenues for the quarter ending December 31, 2022 ("Q4 2022") were
$3,399,008
Gross Profits for the quarter ending December 31, 2022 ("Q4 2022")
were $817,182
Net Income for the quarter ending December 31, 2022 ("Q4 2022")
were $17,535
The total assets on the Balance Sheet for the Alliance Creative
Group as of 12/31/22 were $3,823,236
The total outstanding common shares as of December 31, 2022 ("Q4
2022") were 2,854,211 with 1,898,971 of those shares in the
float.
The Company ended the quarter with $13,460 Cash on hand.
Total Stockholder
Equity as of 12/31/22 was $837,249
Revenues for the Year ending December 31, 2022 ("2022") were
$12,242,126
Gross Profits for the Year ending December 31, 2022 ("2022") were
$2,808,264
Net Incomes for the Year ending December 31, 2022 ("2022") were
$93,170
The full financial
statement, balance sheet, statement of operations, cash flow
statement, and disclosure statements are posted on the OTC Market
Company website at www.OTCmarkets.com
under the stock symbol ACGX in the section for filings and
disclosure and on www.ACGX,us in
the investor relations section.
Paul Sorkin, CEO of the Alliance
Creative Group, Inc. said, "Although these financial numbers are
for 2022, our team has been focused on building the new foundation
and planning for 2023 and beyond. The overall transition away
from printing and packaging is going well, but there are a lot of
moving parts. We are involved in multiple ongoing
conversations and negotiations that we need to complete to
determine exactly who and what will be involved in the first and
second phases of our parent company. The Wayne property is
about 75% upgraded and we hope to finish the remaining 25% and
increase the rents soon. Peak Construction Group is predominantly
working on projects in IL and FL now, but we are in discussions for
potential projects in TN and other states that we should know more
about soon. PeopleVine has been growing consistently and is
positioned very well for the next phase of growth. We
understand many of the challenges that most companies and
industries are dealing with today, therefore we are being very
patient and selective to properly evaluate all of the potential
opportunities before we confirm which are the best ones to add long
term value and create a solid foundation to build from. Our
main goal is to continue building our shared resources foundation
to position ourselves to own multiple vertically integrated
portfolio companies that, if we are successful, can each reduce
their expenses by leveraging our resources and relationships to
increase the overall assets and revenues over time to hopefully
create a larger return for everyone involved. We will
continue to update the public as things are finalized and will
share more details as they become
available."
About
Alliance Creative Group, Inc.
Alliance Creative Group, Inc. (Stock
Symbol: ACGX) is a Parent Holding Company
on the OTC market. The strategy ACG intends to deploy is a shared
resource model where portfolio companies and real estate
investments are vertically integrated, optimizing efficiencies and
cost savings ACG will apply some of its capital raised towards
diversified classifications of real estate with a strong focus on
distressed assets and healthcare. The company's distressed
value-add projects may consist of healthcare facilities,
warehouses, student housing, multifamily, conversions, flips and
other opportunities.
The remaining
capital may be applied to a mix of early stage equity investments
in companies that synergize with the company's shared resource
model and secured lending opportunities.
ACG's
strategic mission is to utilize a unique blend of capital,
relationships, experience, and secured lending structures to
increase value for its clients, partners, investors, and
shareholders while reducing the overall risk.
The company's
big picture long term plan is to create an ecosystem of shared
resources that can provide quality resources with reduced expenses
while acting as a secured lender for internal projects. The intent
is to have multiple businesses and investment projects or divisions
to help diversify the risk and generate potential revenue in
multiple ways while leveraging both the private and public
markets. For more information, visit www.AllianceCreativeGroup.com
or www.ACGX.us.
About
PeopleVine
PeopleVine is a
Software as a Service (SAAS) company that specializes in serving
the Lifestyle Hospitality industry. The Member Experience
& CRM Software allows luxury hotels, resorts, and private
member clubs to elevate a more personalized online membership
experience. PeopleVine helps their clients build member
communities, drive engagement, and connect the dots that elevate
experiences and revenues. The software empowers its clients
teams to deliver efficiently managed operations through an
integrated platform. PeopleVine is committed to being the
most essential and adaptive SaaS engagement platform for companies
that take a customer centric approach to business.
For more
information www.PeopleVine.com
This news release contains forward-looking statements as defined
by the bespeaks-caution doctrine. Forward-looking statements
include statements concerning plans, objectives, goals, strategies,
future events or performance, and underlying assumptions and other
statements that are other than statements of historical facts.
These statements are subject to uncertainties and risks including,
but not limited to, product and service demand and acceptance,
changes in technology, economic conditions, the impact of
competition and pricing, government regulation, and other risks
described in statements filed from time to time with the Securities
and Exchange Commission. All such forward-looking statements,
whether written or oral, and whether made by or on behalf of the
Company, are expressly qualified by the cautionary statements that
may accompany the forward-looking statements. In addition, the
Company disclaims any obligation to update any forward-looking
statements to reflect events or circumstances after the date
hereof.
Investor Relations and Media Contact
1-312-498-9769
info@ACGemail.com