Alliance Creative Group (ACGX) Reports
Third Quarter of 2023 Financials
3,999,999 Series G Preferred Shares returned to
Company's Treasury in Q3
Chicago, IL -- November 15, 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 September 30, 2023.
Revenues for the quarter ending September 30, 2023 ("SeptemberQ3
2023") were $201,996
Gross Profits for the quarter ending September 30, 2023
("SeptemberQ3 2023") were $201,996
Net Income for the quarter ending September 30, 2023
("SeptemberQ3 2023") were $62,657
The total assets on the Balance Sheet for the Alliance Creative
Group as of 9/30/23 were $4,958,759
The total outstanding common shares as of September 30, 2023
("SeptemberQ3 2023") were 4,079,211 with 2,424,023 of those shares
in the float.
The Company ended the quarter with $85,524 Cash on hand.
Total Stockholder Equity as of 9/30/23 was $1,317,721
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 had a number of relevant updates
recently. I returned 3,999,999 Shares of Series G Preferred
Convertible Stock to help reduce some future dilution. We
have engaged an experienced real estate broker to list the Wayne
Property for what we hope to be a decent profit. PeopleVine
is continuing to grow each quarter and had its best quarter
ever. Coastal Spritz has engaged a long-time industry expert
and a very qualified Ecommerce growth company to help increase
their DTC (Direct to consumer) online activity. Coastal is
also expanding its sponsorship into concerts and ACG is testing
some investments in concerts. First one being Coastal Spritz
Presents DJ Vice Toy Drive at Bourbon Hall in Louisville Dec 16th -
tickets are available at https://posh.vip/f/7eb6?t=paul Overall, the
lower revenue for this quarter was caused by a few more 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. 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