Alliance
Creative Group (ACGX) Releases Q2 2024 Financial and Disclosure
Report with an increase of over $130,000 in Net Income from Q2 2023
to Q2 2024
PeopleVine
continues to add Prestigious and Substantial Customers
Chicago,
IL -- August 14, 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 Quarter Ending June 30, 2024.
Revenues for the Quarter
ending June 30, 2024 ("Q2 2024") were $159,617 Gross Profits for
the Quarter ending June 30, 2024 ("Q2 2024") were $159,617 Net
Income for the Quarter ending June 30, 2024 ("Q2 2024") were
$78,843
The total assets on the
Balance Sheet for the Alliance Creative Group as of 6/30/24 were
$4,601,150
The total outstanding common
shares as of June 30, 2024 were 4,454,211 with 2,799,023 of those
shares in the float - Same as the end of the last
quarter.
The Company ended the
quarter with $142,061Cash on hand.
The property located at 1324
W. Devon Ave, Chicago, IL. 60660 is still listed for sale. There
have not been any full listing price offers yet.
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 shares we own in
www.PeopleVine.com have continued to be our strongest
investment and asset. The conversations with some of the
experienced and credible growth equity firms have progressed to the
more enhanced due diligence stages. The Company has not made any
final decisions but the interest level and the opportunities are
very positive. The potential of partnering up with any of these
firms would help accelerate PeopleVine's growth and increase their
value while providing additional capital and quality
resources.
The property that is located
at 1324 W. Devon is still generating positive cash flow and is
listed for sale. We have not received any full offers yet so we
will continue those conversations to determine if it is worth
selling for less or holding on a little longer while the property
continues to improve in our opinion.
We are still in search of
another strategic investment, acquisition, or partnership to
continue to grow our positive cashflow and position ourselves for
potentially larger opportunities. We will continue to update the
public as things progress 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
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