Hollywood Star Cuts Experiences Explosive Growth Throughout 2024 and Beyond

Rhea-AI Summary

All American Gold Corp. (AAGC) reported significant growth for Hollywood Star Cuts, with revenues reaching $1,454,182 in the first half of fiscal year 2024-2025, a 7.5X increase from $199,682 in the same period last year. The growth is attributed to rapid franchise expansion across the United States.

Hollywood Star Cuts operates as a themed family hair and beauty salon with tanning services, treating customers as 'movie stars.' The company maintains corporate-owned locations in Boise and is expanding franchises primarily in Florida, Utah, Texas, and Nevada. Their 'Mega Production Studio' in Boise serves as a training facility for franchise operators, featuring 8 hair-care stations, 2 nail-care stations, tanning facilities, and 2 esthetician stations.

AAGC plans to adjust its 2024-2025 projections to reflect the unexpected growth rate, with the fiscal year ending June 30th, 2025. The company announced a quarterly conference call scheduled for January 23rd, 2025, to discuss current projects and future plans.

Positive

• Revenue increased 7.5X YoY to $1,454,182 in H1 FY2024-2025
• Successful franchise expansion across multiple US regions
• Established training facility supporting franchise growth

Negative

• None.

LAS VEGAS, Jan. 22, 2025 (GLOBE NEWSWIRE) -- All American Gold Corp. (OTC: AAGC) is thrilled to update the public about Hollywood Star Cuts aggressive growth through franchise expansion.

On January 14^th 2025, AAGC published the Company’s 2^nd quarter period ending on November 30^th, 2024, disclosure on OTC Markets. The disclosure revealed revenues of $1,454,182.00 in the first half of fiscal year 2024-2025 as compared to revenues of $199,682.00 for the same period of 2023-2024.

That’s an increase of 7.5X Year-Over-Year!

AAGC will be adjusting the Company’s projections for 2024-2025 to reflect the unexpected rate of growth and expansion of Hollywood Star Cuts for the Company’s fiscal year ending June 30^th, 2025 in the coming weeks. We encourage all interested parties to review AAGC’s disclosures on OTC Markets at https://www.otcmarkets.com/.

The massive increase in revenue was fueled by the rapid expansion of Hollywood Star Cuts through strategic franchise alliances across the Country. The vital use of the franchise model allows Hollywood Star Cuts and AAGC access to expeditious expansion while maintaining profitability. Hollywood Star Cuts is currently filling its calendar for 2025 with new franchise agreements throughout significant geographical areas of growth.

Hollywood Star Cuts is a Full-Service Family Hair and Beauty Salon with Tanning available at most locations. Hollywood Star Cuts is a “Themed” Beauty/Tanning Salon where the customer is treated like a “Movie Star”, and they are the “Star of the Show”! Hollywood Star Cuts currently operates multiple Corporate owned locations in the greater Boise area and is developing Franchise locations across The United States concentrating in the Florida, Utah, Texas and the Nevada regions.

Hollywood Star Cuts utilizes the Company’s “Mega Production Studio” in Boise, Idaho to train future franchise operators in the vision of creating an environment where the customer knows they are the “Star of the Show”.

The “Mega Production Studio” encompasses everything possible with all Hollywood Star Cuts models. The Mega Production Studio consists of 8 Hair-Care stations, 2 Nail-Care stations, a separate room for Tanning with a Tanning Booth and a Tanning Bed and a separate room with 2 Esthetician and Skin-Care stations. The future Franchise partner can witness the operation and decide which combination is perfect for their franchise locations.

AAGC and Hollywood Star Cuts invite the public to participate in the Company’s quarterly Conference Call this Thursday, January 23^rd, 2025. The purpose of this Conference Call is to clarify and discuss all matters pertaining to AAGC and Hollywood Star Cuts. The Company will update the public and shareholders on current projects as well as past and future undertakings.

There will be a presentation that will consume approximately 90 minutes followed by a question-and-answer session that will last as long as needed. This is a unique opportunity to hear directly from the Company and obtain straightforward information on the accomplishments, directions and the intensions of the Company. It also serves as a rare opportunity to ask questions directly to the Company in real time.

The Conference call will be held at 7:00 PM EST (4:00 WST).
The dial-in # is: (267) 807-9601
Access # is: 526-855-601

As always, Hollywood Star Cuts and All American Gold Corp. would like to thank our fabulous crew members, our brilliant franchisees, our fantastic vendors, our loyal shareholders and all future investors for their hard work and commitment to the vision that is Hollywood Star Cuts. Without all of them, Hollywood Star Cuts could not succeed.

All American Gold Corp. invites the public to follow us on X (Twitter) at HStarcuts, as most updates and communication will be conducted there. The public is also invited to follow us on Facebook and at www.hollywoodstarcuts.com.

You’re the Star of the Show!

Forward-Looking Statement Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. The company disclaims any obligation to update information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.

X (Twitter): @HStarcuts

www.hollywoodstarcuts.com

(760) 525-7411

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/805f9628-3dee-493d-bb7d-80bf647cea44

https://www.globenewswire.com/NewsRoom/AttachmentNg/b3f14d4e-578f-4d19-97d7-814e4f324251

FAQ

What was AAGC's revenue growth in the first half of fiscal year 2024-2025?

AAGC reported revenues of $1,454,182 in the first half of fiscal year 2024-2025, representing a 7.5X increase from $199,682 in the same period of 2023-2024.

Which regions is Hollywood Star Cuts targeting for franchise expansion in 2025?

Hollywood Star Cuts is focusing its franchise expansion primarily in Florida, Utah, Texas, and Nevada regions.

What facilities does Hollywood Star Cuts' Mega Production Studio in Boise include?

The Mega Production Studio features 8 hair-care stations, 2 nail-care stations, a tanning room with a booth and bed, and 2 esthetician and skin-care stations.

When is AAGC's quarterly conference call scheduled for January 2025?

The quarterly conference call is scheduled for Thursday, January 23rd, 2025, at 7:00 PM EST (4:00 WST).

How does Hollywood Star Cuts' franchise model contribute to its growth?

The franchise model allows Hollywood Star Cuts and AAGC to achieve rapid expansion while maintaining profitability through strategic franchise alliances across the country.