Alliance Creative Group (ACGX) Releases Q3 2024 Financial and Disclosure Report with an increase of over 100% in Net Income for 1st 9 months of 2024 vs 2023
Alliance Creative Group (ACGX) has released its Q3 2024 financial report, showing revenues of $102,990 and net income of ($44,912) for the quarter ending September 30, 2024. The company reports total assets of $4,543,643 and cash on hand of $88,220. No new free trading shares have been issued for over 8 months, with total outstanding shares remaining at 4,454,211. The company plans to sell its Chicago property at reduced pricing and aims to convert 20-30% of its PeopleVine investment into cash in 2025 for future investments while maintaining majority ownership.
Alliance Creative Group (ACGX) ha pubblicato il suo rapporto finanziario del terzo trimestre 2024, evidenziando ricavi di $102,990 e un reddito netto di ($44,912) per il trimestre che si è concluso il 30 settembre 2024. L'azienda riporta attivi totali di $4,543,643 e liquidità disponibile di $88,220. Non sono state emesse nuove azioni di libero scambio per oltre 8 mesi, con azioni totali in circolazione che restano a 4,454,211. L'azienda prevede di vendere la sua proprietà di Chicago a un prezzo ridotto e mira a convertire il 20-30% del suo investimento in PeopleVine in contante nel 2025 per futuri investimenti, mantenendo comunque la maggioranza del capitale.
Alliance Creative Group (ACGX) ha publicado su informe financiero del tercer trimestre de 2024, mostrando ingresos de $102,990 y un ingreso neto de ($44,912) para el trimestre que finalizó el 30 de septiembre de 2024. La empresa reporta activos totales de $4,543,643 y efectivo disponible de $88,220. No se han emitido nuevas acciones de libre comercio durante más de 8 meses, manteniéndose el total de acciones en circulación en 4,454,211. La empresa planea vender su propiedad en Chicago a precios reducidos y tiene como objetivo convertir entre el 20% y el 30% de su inversión en PeopleVine en efectivo en 2025 para futuras inversiones, mientras mantiene la propiedad mayoritaria.
Alliance Creative Group (ACGX)는 2024년 3분기 재무 보고서를 발표했으며, 2024년 9월 30일 종료된 분기에 수익이 $102,990이고 순손실이 ($44,912)임을 보여주었습니다. 회사는 총 자산이 $4,543,643이고 현금이 $88,220 있다고 보고했습니다. 8개월 이상 새로운 유통주식이 발행되지 않았으며, 총 발행주식 수는 4,454,211주를 유지하고 있습니다. 회사는 시카고의 자산을 할인된 가격에 판매할 계획이며, 향후 투자에 사용하기 위해 2025년에 PeopleVine에 대한 투자금의 20-30%를 현금으로 전환할 계획입니다. 그러나 대다수의 소유권은 유지할 것입니다.
Alliance Creative Group (ACGX) a publié son rapport financier du troisième trimestre 2024, montrant des revenus de 102,990 $ et un résultat net de (44,912 $) pour le trimestre se terminant le 30 septembre 2024. L'entreprise rapporte des actifs totaux de 4,543,643 $ et des liquidités de 88,220 $. Aucun nouvel action libre n'a été émis depuis plus de 8 mois, le nombre total d'actions en circulation restant à 4,454,211. L'entreprise prévoit de vendre sa propriété à Chicago à un prix réduit et vise à convertir 20-30 % de son investissement dans PeopleVine en liquidités en 2025 pour des investissements futurs, tout en conservant la majorité de la propriété.
Alliance Creative Group (ACGX) hat ihren Finanzbericht für das 3. Quartal 2024 veröffentlicht, der Einnahmen von $102,990 und einen Nettoverlust von ($44,912) für das am 30. September 2024 endende Quartal zeigt. Das Unternehmen meldet Gesamtvermögen von $4,543,643 und liquide Mittel von $88,220. Seit über 8 Monaten wurden keine neuen frei handelbaren Aktien ausgegeben, und die Gesamtzahl der ausstehenden Aktien bleibt bei 4,454,211. Das Unternehmen plant, seine Immobilie in Chicago zu einem reduzierten Preis zu verkaufen und beabsichtigt, 20-30% seiner Investition in PeopleVine im Jahr 2025 in Bargeld umzuwandeln, um zukünftige Investitionen zu tätigen, während es weiterhin die Mehrheitseigentümerschaft behält.
- No dilution with free trading shares maintained stable for 8 months
- Plans to monetize 20-30% of PeopleVine investment in 2025 for future growth
- Net Income increased over 100% in first 9 months of 2024 vs 2023
- Q3 2024 Net Loss of $44,912
- Property at 1324 W. Devon Ave requires price reduction to facilitate sale
- No suitable investment opportunities identified yet despite ongoing search
No New Free Trading Shares have been issued for over 8 months
Revenues for the Quarter ending September 30, 2024 ("Q3 2024") were
The total assets on the Balance Sheet for the Alliance Creative Group as of 9/30/24 were
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.
The Company ended the quarter with
The property located at 1324 W. Devon Ave,
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, "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 avery positive experience with lots of interest. Our goal is to convert between
We haven't issued any new free trading shares in over 8 months now and we are still in search of other strategic investments, acquisitions, or partnerships in Real Estate or in a small business with good potential to grow. 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
View original content:SOURCE Alliance Creative Group, Inc.
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