Alliance Creative Group (ACGX)
Reports First Quarter of 2023 Financials with Over $4,000,000 in
assets
The transition for ACG is making
progress in 2023
Chicago, IL -- May 15, 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 Quarter Ending March 31,
2023.
Revenues for the quarter ending March 31, 2023 ("Q1 2023") were
$845,676
Gross Profits for the quarter ending March 31, 2023 ("Q1 2023")
were $845,676
Net Income for the quarter ending March 31, 2023 ("Q1 2023") were
$75,909
The total assets on the Balance Sheet for the Alliance Creative
Group as of 3/31/23 were $4,327,315
The total outstanding common shares as of March 31, 2023 ("Q1
2023") were 3,454,211 with 2,198,971 of those shares in the
float.
The Company ended the quarter with $38,567 Cash on hand.
Total Stockholder
Equity as of 3/31/23 was $739,236
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, "The 1st quarter of 2023 included a lot
of very high level discussions and negotiations that we are engaged
in while we try to determine which projects, partners, and
opportunities will help all of us the most. We are being
cautious not to enter into anything too quickly without doing
enough due diligence regarding the true risks and rewards that come
with each potential deal. This economy creates both
opportunities and challenges so we want to focus more on long-term
growth and stability for us and our shareholders. Regarding
some of our current projects PeopleVine has been performing better
than at any other time in our entire history of the company.
The numbers, growth rates, and future pipelines are bigger than
they have ever been. We are very excited about what could
happen with PeopleVine next. The Wayne property is making
good progress and the market is strong in that area. The Peak
construction projects are improving and increasing. We have
started 5 different healthcare related real estate projects in
multiple states that are projected to take 3 to 4 quarters each to
complete and we are in consent discussions and quoting for
potential construction proposals with many others. We still
believe our foundation is attractive to multiple potential future
partners and will continue to evaluate, negotiate, and attempt to
close the best ones as quickly as possible. Our main goal is
still 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 internal divisions, portfolio companies and
strategic investments are vertically integrated, optimizing
efficiencies and cost savings.
ACG will
apply some of its resources towards diversified classifications of
real estate with a strong focus on distressed assets and
healthcare.
ACG will
leverage its internal construction company to provide services
while looking for some distressed value-add projects and
opportunities.
The remaining
resources may be applied to a mix of early-stage equity investments
in companies that synergize with the company's shared resource
model and secured investment opportunities.
ACG's
strategic mission is to utilize a unique blend of capital,
relationships, experience, and secured investment 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 partner 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