Alliance Creative Group (ACGX) Releases
2023 Annual Financial and Disclosure
Report
PeopleVine's revenue increased by 100% in
2023
Chicago, IL -- April 1, 2024 -- InvestorsHub NewsWire
-- Alliance Creative Group, Inc., (http://www.ACGX.us) (Stock Symbol
OTC: ACGX) is pleased to announce the results of Operations for
the Year Ending December 31, 2023.
Revenues for the Year ending December 31, 2023 ("2023") were
$652,553*
Gross Profits for the Year ending December 31, 2023 ("2023")were
$652,553
Net Income for the Year ending December 31, 2023 ("2023") were
$116,124
The total assets on the Balance Sheet for the Alliance Creative
Group as of 12/31/23 were $4,295,764
The total outstanding common shares as of December 31, 2023 were
4,079,211 with 2,424,023 of those shares in the float - Same as the
end of the third quarter.
The Company ended the quarter with $89,420 Cash on hand.
*The Company changed to Cash Basis accounting to avoid confusion
with the delayed Peak Construction projects.
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, "Our potentially most valuable asset/investment
(The PeopleVine shares) had its best year ever. Overall
revenues for PeopleVine doubled and the Net Profit Tripled.
We believe PeopleVine has reached its tipping point and is
potentially ready to bring in outside investors and strategic
partners to help with the next stage of the company. What
this means for ACGX is a potential sale of a portion of the shares
to help fund other potential future projects and investments while
still maintaining the majority of the position to hopefully benefit
from any continued growth.
The overall goal is to diversify our investments to reduce the
risk and look for a positive cashflow company that we can acquire
to improve the overall future value for ACGX investors and
shareholders.
The Wayne Property project has completed almost all of its
renovations and hopes to have the final 2 units rented soon.
The property is in an area with increasing investment interest and
once it is fully rented and all additional expenses are paid for we
expect to have a good positive cashflow to attract a quality buyer
to hopefully sell the property this year.
Coastal Spritz is transitioning to its new name "Say Less
Spritz". The Company has partnered with a new Co-Packer and a
long-time industry expert to help with the rebranding. The
Company is also in discussions with an experienced sales team and
hopes to engage their team to help maintain and grow in new
marks. We are also very proud to say that the product can be
found in Wrigley Field again this year.
Peak Construction continued to have delayed and canceled
projects. To avoid any confusion or a misunderstanding
related to our financials we changed to Cash Basis accounting from
Accrual to only record the money we received from completed
projects. Therefore, you will notice we no longer have any AR
or AP listed for any potential projects and will instead only
report the actual projects that were paid for.
We are continuing multiple conversations with potential
acquisition targets, projects, strategic partners, investors, and
other opportunities to determine the best fits for ACGX as well as
possible new investors for PeopleVine. Our foundation and
structure remains attractive for multiple potential opportunities
and our long term goals are still based on building our shared
resources foundation to position ourselves to own multiple
vertically integrated companies that, if we are successful, can
each reduce their expenses by leveraging our resources and
relationships to increase the overall assets, revenues, and profits
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, Real Estate projects, and strategic
investments are vertically integrated, optimizing efficiencies and
cost savings. 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
About Say Less Spritz
Say Less Spritz is a low ABV premium light wine in a can. Say
Less blends a carefully sourced selection of West Coast rosé and
wine varietals with sparkling water and real fruit juice to create
a single serving ready to drink (RTD) wine in a can. The Award
winning Products come in 6 flavors: Classic Rosé Spritz, Pineapple
Rosé Spritz, Watermelon Rosé Spritz, Pinot Noir, Chardonnay, and
Sauvignon Blanc. All products are 100 calories or less, 5 grams of
sugar or less, and contain all natural ingredients. The rosé
collection is sweetened with monk fruit to provide a cleaner and
more enjoyable drinking experience without compromising on taste or
quality. Currently, Products can be found in over a dozen states
and in over 1,000 stores. Some retailers include: HEB, Jewel Osco,
Meijer, Liquor Barn, and lots more, as well as GoPuff and SpiritHub
online. Product can also be found in iconic venues such as Wrigley
Field, The Grand Ol' Opry, and The Philadelphia Zoo, where the
brand continues to captivate wine enthusiasts who are looking for a
refreshing and convenient beverage choice.
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.
For more info: www.SayLessSpritz.com
Investor Relations and Media Contact
1-312-498-9769
info@ACGemail.com