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
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) ha pubblicato il rapporto finanziario del secondo trimestre 2024, mostrando risultati positivi. I ricavi per il secondo trimestre 2024 sono stati di $159,617, con utili lordi corrispondenti a $159,617. Il reddito netto è aumentato di oltre $130,000 rispetto al secondo trimestre 2023, arrivando a $78,843. Il totale degli attivi dell'azienda al 30 giugno 2024 era di $4,601,150, con $142,061 in contante disponibile.
L'investimento di ACGX in PeopleVine continua a essere il suo attivo più forte, con discussioni in corso con aziende di capitali di crescita che stanno avanzando verso fasi di due diligence più approfondite. L'azienda sta esplorando potenziali partnership per accelerare la crescita di PeopleVine e aumentarne il valore. ACGX sta anche cercando ulteriori investimenti strategici o acquisizioni per aumentare ulteriormente il flusso di cassa positivo e posizionarsi per opportunità più grandi.
Alliance Creative Group (ACGX) ha publicado su informe financiero del segundo trimestre de 2024, mostrando resultados positivos. Los ingresos para el segundo trimestre de 2024 fueron de $159,617, con utilidades brutas coincidiendo también en $159,617. El ingreso neto aumentó en más de $130,000 en comparación con el segundo trimestre de 2023, alcanzando $78,843. Los activos totales de la empresa al 30 de junio de 2024 eran de $4,601,150, con $142,061 en efectivo disponible.
La inversión de ACGX en PeopleVine continúa siendo su activo más fuerte, con discusiones en curso con empresas de capital de crecimiento que avanzan hacia etapas de due diligence mejoradas. La empresa está explorando posibles asociaciones para acelerar el crecimiento de PeopleVine y aumentar su valor. ACGX también busca inversiones estratégicas adicionales o adquisiciones para impulsar aún más el flujo de caja positivo y posicionarse para oportunidades mayores.
Alliance Creative Group (ACGX)는 2024년 2분기 재무 보고서를 발표하며 긍정적인 결과를 보여주었습니다. 2024년 2분기 수익은 $159,617로, 총 이익도 동일하게 $159,617였습니다. 순이익은 2023년 2분기보다 $130,000 이상 증가하여 $78,843에 도달했습니다. 2024년 6월 30일 기준으로 회사의 총 자산은 $4,601,150로, 현금 $142,061이 있었습니다.
ACGX의 PeopleVine에 대한 투자는 여전히 가장 강력한 자산으로, 성장 자본 회사들과의 논의가 심층 실사 단계로 진행되고 있습니다. 회사는 PeopleVine의 성장을 가속화하고 가치를 높이기 위해 잠재적 파트너십을 탐색하고 있습니다. ACGX는 또한 긍정적인 현금 흐름을 더욱 증대시키고 더 큰 기회를 위해 포지셔닝하기 위해 추가적인 전략적 투자 또는 인수를 추구하고 있습니다.
Alliance Creative Group (ACGX) a publié son rapport financier pour le deuxième trimestre 2024, montrant des résultats positifs. Les revenus pour le deuxième trimestre 2024 s'élevaient à 159 617 $, tandis que les bénéfices bruts correspondaient également à 159 617 $. Le revenu net a augmenté de plus de 130 000 $ par rapport au deuxième trimestre 2023, atteignant 78 843 $. Le total des actifs de l'entreprise au 30 juin 2024 s'élevait à 4 601 150 $, avec 142 061 $ en liquidités disponibles.
L'investissement d'ACGX dans PeopleVine reste son actif le plus fort, avec des discussions en cours avec des entreprises de capital-risque progressant vers des étapes de diligence raisonnable améliorées. L'entreprise explore des partenariats potentiels pour accélérer la croissance de PeopleVine et augmenter sa valeur. ACGX cherche également des investissements stratégiques ou des acquisitions supplémentaires pour accroître encore le flux de trésorerie positif et se positionner pour de plus grandes opportunités.
Alliance Creative Group (ACGX) hat seinen Finanzbericht für das zweite Quartal 2024 veröffentlicht, der positive Ergebnisse zeigt. Die Einnahmen für das zweite Quartal 2024 betrugen $159.617, während auch die Bruttogewinne bei $159.617 lagen. Der Nettogewinn stieg im Vergleich zum zweiten Quartal 2023 um über $130.000 und erreichte $78.843. Die gesamten Vermögenswerte des Unternehmens beliefen sich zum 30. Juni 2024 auf $4.601.150, mit $142.061 an verfügbaren Barmitteln.
Die Investition von ACGX in PeopleVine bleibt das stärkste Vermögen des Unternehmens, wobei laufende Gespräche mit Wachstumsfinanzierungsunternehmen in die erweiterten Due-Diligence-Phasen übergehen. Das Unternehmen untersucht mögliche Partnerschaften, um das Wachstum von PeopleVine zu beschleunigen und dessen Wert zu steigern. ACGX sucht auch nach weiteren strategischen Investitionen oder Übernahmen, um den positiven Cashflow weiter zu steigern und sich für größere Chancen zu positionieren.
- Net Income increased by over $130,000 from Q2 2023 to Q2 2024
- PeopleVine continues to add prestigious and substantial customers
- Discussions with growth equity firms for PeopleVine have progressed to enhanced due diligence stages
- The property at 1324 W. Devon is generating positive cash flow
- No full listing price offers received for the property at 1324 W. Devon Ave, Chicago
PeopleVine continues to add Prestigious and Substantial Customers
CHICAGO, Aug. 14, 2024 (GLOBE NEWSWIRE) -- via IBN --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
The total assets on the Balance Sheet for the Alliance Creative Group as of 6/30/24 were
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
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.
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