Alliance Creative Group (ACGX) Reports Second
Quarter of 2023 Financials
ACG added an Equity position in an exciting
growing brand
Chicago, IL -- August
14, 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 June 30,
2023.
Revenues for the quarter ending June 30, 2023 ("Q2 2023")
were $322,827
Gross Profits for the quarter ending June 30, 2023 ("Q2 2023") were
$322,827
Net Income for the quarter ending June 30, 2023 ("Q2 2023") were
($54,484)
The total assets on the Balance Sheet for the Alliance Creative
Group as of 6/30/23 were $4,943,921
The total outstanding common shares as of June 30, 2023 ("Q2 2023")
were 3,454,211 with 2,198,971 of those shares in the
float.
The Company ended the quarter with $150,328 Cash on hand.
Total Stockholder Equity as
of 6/30/23 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 2nd quarter of
2023 included continued progress and some significant
changes. We entered into a secured loan and equity agreement
with Say Less Spritz, LLC, who acquired the rights to the Coastal
Spritz brand. The agreement gives ACGX a 5% equity position
while earning interest on the secured loan. ACG has also
entered into a consulting agreement with Say Less Spritz that will
pay ACG monthly. We are very excited about the Coastal Spritz
brand and the opportunities with Say Less Spritz and believe the
company has opened a number of very strategic distribution and
retail relationships that will help provide a solid foundation for
the company to grow from. We have received some interest in
the Wayne property and are in negotiations to potentially sell it
before the end of the year for a good profit. Our goal would
be to use that extra capital to reinvest in other revenue producing
assets that will allow us to continue to execute on our long-term
business plans. The lower revenue for this quarter was caused
by a few delays with some of our peak construction projects but we
hope to know more about the realistic timelines and scope for those
and other projects soon. PeopleVine has been performing
incredibly well in 2023 and the pipeline continues to
increase. The company has become a very solid and consistent
profitable and positive cash flow SAAS company. PeopleVine
has also been engaging in multiple conversations with potential
future investors about possibly adding new growth capital and
valuable introductions and resources to accelerate the business
faster. Overall, we knew our new business plans and focus
would take time to evolve and we are very pleased with the initial
progress. We are continuing multiple conversations with
potential acquisition targets, projects, strategic partners,
investors, and other opportunities to determine the best
fits. 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 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
About
Coastal Spritz
Coastal Spritz is a low ABV premium light wine in a can. Coastal
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 Coastal provides 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. The Coastal Spritz brand is growing fast and gaining
momentum. Currently, Coastal can be found in over a dozen states
and in over 1,000 stores. Some retailers include: Trader Joes, HEB,
Jewel Osco, Meijer, Liquor Barn, and lots more, as well as GoPuff
and SpiritHub online. Coastal 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.CoastalSpritz.com
Investor Relations and Media
Contact
1-312-498-9769
info@ACGemail.com