Welcome to our dedicated page for ALLIANCE CREATIVE GRP news (Ticker: ACGX), a resource for investors and traders seeking the latest updates and insights on ALLIANCE CREATIVE GRP stock.
Alliance Creative Group, Inc. (Stock Symbol: ACGX) is a rapidly evolving Parent Holding Company listed on the OTC market. Established in 1997, ACG focuses on a shared resource model where internal divisions, portfolio companies, real estate projects, and strategic investments are vertically integrated to optimize efficiencies and cost savings. The company's diverse portfolio includes investments in real estate, early-stage equity, and secured lending opportunities, with a strong emphasis on distressed assets and healthcare.
ACG leverages its capital, relationships, and experience to enhance value for its clients, partners, shareholders, and investors while mitigating risks. ACG's strategy aims to create an ecosystem of shared resources, facilitating reduced expenses and increased revenues. The company owns multiple businesses across various sectors, including packaging solutions, software as a service (SAAS), and ready-to-drink premium beverages.
One of the company's notable ventures includes PeopleVine, a SAAS company serving the Lifestyle Hospitality industry. PeopleVine's integrated CRM software allows luxury hotels, resorts, and private member clubs to offer personalized online membership experiences, driving engagement and increasing revenues.
Another key investment is in Say Less Spritz (formerly Coastal Spritz), which produces low ABV premium light wine in a can. The brand is known for its natural ingredients and refreshing flavors and is available in over a thousand stores and several iconic venues like Wrigley Field and The Grand Ol' Opry.
Financially, ACG has shown consistent growth. For the year ending December 31, 2022, the company's revenue was $12,242,126 with a net income of $93,170. The total assets as of December 31, 2022, were $3,823,236. In recent developments, ACG reported Q1 2024 revenues of $217,916 and a net income of $142,330, marking an 88% increase from Q1 2023. The company continues to engage in various strategic conversations and partnerships to further expand its portfolio and enhance shareholder value.
For more detailed financial reports and disclosures, visit the OTC Market Company website or ACGX investor relations section.
For additional information, please visit www.AllianceCreativeGroup.com.
Alliance Creative Group (ACGX) has released its Q2 2024 financial report, showing positive results. Revenues for Q2 2024 were $159,617, with Gross Profits matching at $159,617. Net Income increased by over $130,000 compared to Q2 2023, reaching $78,843. The company's total assets as of June 30, 2024, stood at $4,601,150, with $142,061 cash on hand.
ACGX's investment in PeopleVine continues to be its strongest asset, with ongoing discussions with growth equity firms progressing to enhanced due diligence stages. The company is exploring potential partnerships to accelerate PeopleVine's growth and increase its value. ACGX is also seeking additional strategic investments or acquisitions to further boost positive cash flow and position itself for larger opportunities.
Alliance Creative Group (ACGX) announced its Q1 2024 financial results, reporting an 88% increase in net income from Q1 2023 to Q1 2024. Revenues and gross profits for Q1 2024 were $217,916, and net income was $142,330. The company listed its West Devon property for sale at $3.95 million with a 7.97% cap rate. As of March 31, 2024, total assets stood at $4,531,689, with cash on hand of $156,554. Outstanding common shares were 4,454,211, with 2,799,023 shares in the float. CEO Paul Sorkin emphasized the company's strategy of low expenses and strategic investments to drive growth, with PeopleVine having a strong quarter and ongoing discussions for future opportunities.
Alliance Creative Group (ACGX) reported Q4 2022 revenues of $3,399,008, with a gross profit of $817,182 and a net income of $17,535. For the full year, the company's total revenue reached $12,242,126, yielding an annual gross profit of $2,808,264 and net income of $93,170. As of December 31, 2022, total assets were $3,823,236, and total stockholder equity stood at $837,249. The company is transitioning its business model, focusing on building a vertically integrated portfolio while upgrading real estate assets. CEO Paul Sorkin emphasized ongoing negotiations and the importance of evaluating opportunities carefully.
Alliance Creative Group, Inc. (OTC: ACGX) reported a 11.1% increase in revenues for Q3 2022, totaling $3,014,840, compared to the same period in 2021. Gross profits reached $784,185, with a net income of $108,426. As of September 30, 2022, total assets stood at $3,957,989 and total stockholder equity was $1,610,299. The company ended the quarter with $27,690 cash on hand. CEO Steve St. Louis emphasized ongoing revenue growth and strategic focus on kitting and fulfillment services.
Alliance Creative Group, Inc. (OTC Pink: ACGX) reported a 13.5% increase in quarterly revenues for Q2 2022, totaling $2,974,489. However, the company faced challenges with an increase in cost of goods and reported a net income loss of $86,044. Total assets amounted to $4,099,779, with stockholder equity at $1,504,776. CEO Steve St. Louis noted that inflation is impacting operations but expressed optimism about future growth. The company is exploring acquisition opportunities but a previous potential deal has fallen through.
FAQ
What is the current stock price of ALLIANCE CREATIVE GRP (ACGX)?
What is the market cap of ALLIANCE CREATIVE GRP (ACGX)?
What does Alliance Creative Group, Inc. do?
What are the key businesses under ACG?
How has ACG performed financially in recent years?
What is the shared resource model of ACG?
What is PeopleVine?
What is Say Less Spritz?
What strategic investments has ACG made recently?
Where can I find ACG's financial reports and disclosures?
What is the long-term goal of ACG?
How can I learn more about ACG?
