Press release
Over 100% Increase in Net Income for Profitable Real Estate Company with No Stock Dilution and Ambitious Revenue Growth Plans for 2025: Alliance Creative Group, Inc. (Stock Symbol: ACGX)
- Multiple Projects to Diversify Risk and Generate Revenue in Multiple Ways, Leveraging Both the Private and Public Markets.
- Financial Results Report Increase of Over 100% in Net Income for the First 9 Months of 2024 vs 2023.
- Total Assets on Balance Sheet as of 9/30/24 were $4,543,643.
- High Value Chicago Property Positioned for Sale Within 2024.
- Investment in PeopleVine, a Software as a Service (SAAS) Company That Specializes in Serving the Lifestyle Hospitality Industry.
- Goal to Convert 20% to 30% of the PeopleVine Investment to Cash in 2025 to Invest in Future Projects.
- Small Share Structure with only 4.45 Million OS and 2.8 Million Float.
- No New Free Trading Shares Issued for Over 8 Months.
Alliance Creative Group, Inc. (OTC: ACGX) is a Parent Holding Company on the OTC market. The strategy ACGX 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.
The ACGX 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 ACGX 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 ACGX 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.
ACGX is also an investor in PeopleVine a consolidated membership engagement platform that allows businesses to build more personal relationships with their customers at scale. The PeopleVine platform has a primary focus in the member experience, subscription management, and CRM platform in the hospitality industry.
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 visit: http://www.PeopleVine.com
For investors, ACGX has a very attractive share structure with less than 5 million shares outstanding and a public float of only about 2.8 million as can be seen here: https://www.otcmarkets.com/stock/ACGX/security
Q3 2024 Financial and Disclosure Report with Increase of Over 100% in Net Income for 1st 9 Months of 2024 vs 2023
No New Free Trading Shares Issued for Over 8 Months
On November 14th ACGX announced the results of Operations for the Quarter Ending September 30, 2024.
ACGX revenues for the Quarter ending September 30, 2024 ("Q3 2024") were $102,990 Gross Profits for the Quarter ending September 30, 2024 ("Q3 2024") were $102,990 Net Income for the Quarter ending September 30, 2024 ("Q3 2024") were ($44,912)
The total assets on the Balance Sheet for ACGX as of 9/30/24 were $4,543,643
The total outstanding common shares as of September 30, 2024 were 4,454,211 with 2,799,023 of those shares in the float - Same as the end of the last quarter, and since March.
ACGX ended the quarter with $88,220 Cash on hand.
The ACGX property located at 1324 W. Devon Ave, Chicago, IL. 60660 has lowered its asking pricing and hopes to sell before the end of the year.
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 ACGX said, "We continue to look for future opportunities, however, nothing has been a good fit yet. Our goal is to reduce the price significantly with the 1324 W. Devon Ave property so we can sell it before the end of the year and increase our search for the next opportunity. Our shares of www.PeopleVine.com continue to be by far our strongest investment and the conversations with the growth capital investment groups have been a very positive experience with lots of interest. Our goal is to convert between 20% and 30% of the PeopleVine investment into cash in 2025 so we can use a lot of it to invest in future projects while we let the majority of the shares hopefully continue to increase in value."
For more information on $ACGX visit: www.AllianceCreativeGroup [http://www.AllianceCreativeGroup.com].com or www.ACGX.us
Follow ACGX on Twitter (X) here: https://twitter [https://twitter.com/ACGpaul].com/ACGpaul
Media Contact
Company Name: Alliance Creative Group, Inc.
Contact Person: Paul Sorkin, CEO
Email: Send Email [http://www.universalpressrelease.com/?pr=over-100-increase-in-net-income-for-profitable-real-estate-company-with-no-stock-dilution-and-ambitious-revenue-growth-plans-for-2025-alliance-creative-group-inc-stock-symbol-acgx]
Phone: 312-498-9769
Address:160B Windsor Drive
City: East Dundee
State: Illinois 60118
Country: United States
Website: https://alliancecreativegroup.com/
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