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All American Gold Corp. (OTC: AAGC) reports company developments through its Hollywood Star Cuts operating business, a full-service family hair and beauty salon concept with tanning available at many locations. Recurring updates cover corporate-owned salon operations in the greater Boise area, franchise development in U.S. markets and the United Kingdom, training through the Boise Mega Production Studio, new beauty-service concepts, and customer-experience initiatives tied to the Hollywood Star Cuts brand.
Company news also includes AAGC capital and corporate actions, including its share buy-back program, OTC Markets disclosures, revenue updates, and strategic agreements supporting the salon franchise model.
All American Gold Corp. (AAGC) announced significant developments for its subsidiary, Hollywood Star Cuts. The company secured a franchise agreement with a Las Vegas group to convert their 7 existing hair salon locations into Hollywood Star Cuts, with plans to expand to a total of 10 locations by the end of 2022. The growth strategy includes 100 locations within 36 months, targeting areas like Tampa and Naples, Florida, and Central Texas. Currently, Hollywood Star Cuts operates 3 locations, projecting an average revenue of $200,000 and 28-30% profit margins per location.
All American Gold Corp. (AAGC) updated investors on Hollywood Star Cuts, which opened its third location in Nampa, Idaho, on April 1, 2022. The company plans to open additional locations in Boise, Idaho, later this year. Notably, agreements with franchise organizations in Western and Southern Florida aim to establish at least six new locations by the end of 2022. Hollywood Star Cuts locations are expected to average $5,000 weekly revenue, with 30% operating profit. The company anticipates raising its operational guidance for 2023 from 8-10 to 20-25 locations due to strong market acceptance.
All American Gold Corp. (AAGC) has engaged an accounting firm to initiate the auditing process, aiming to become a fully reporting entity. The firm's focus will be on Hollywood Star Cuts, the company’s hair salon chain, which currently operates three locations in the Boise, Idaho area with plans for rapid national expansion. The third location is set to open by January 2022, with a goal of establishing ten locations within 18 months. A year-end conference call is scheduled for December 8, 2021, to discuss company updates and future plans.
All American Gold Corp. (OTC Pink: AAGC) expresses gratitude to Mr. Geoffrey Heath for his leadership, transforming the company from 'Caveat Emptor' to 'Pink Current'. The company is now seeking a new CEO with expertise in rapid growth to expand its subsidiary, Hollywood Star Cuts, aiming for 100 locations in 5 years. The board confirms no plans for a reverse stock split, focusing instead on becoming 'Fully Reporting' and conducting an audit. A name change to All American Glamour Corp. is also planned to reflect new operational directions.
All American Gold Corp. (OTC Pink: AAGC) announced the acquisition of Hollywood Star Cuts from V Group, Inc. on August 6, 2021. This family hair salon chain, operating in Idaho, offers a unique customer experience with a Hollywood theme. The company plans to expand with a new location in Boise and several in Florida within the next two years. Additionally, AAGC will be rebranded as All American Glamour Corp. and aims to become a fully reporting entity, pursuing significant growth in the lucrative hair care industry.