Welcome to our dedicated page for Alliance Creativ news (Ticker: ACGX), a resource for investors and traders seeking the latest updates and insights on Alliance Creativ stock.
Alliance Creative Group (ACGX) operates as a diversified holding company integrating SaaS platforms, consumer products, and real estate investments through its shared resource model. This page provides timely updates across all business segments, offering stakeholders a comprehensive view of corporate developments.
Access verified press releases and news articles covering strategic partnerships, technology innovations, and market expansions. Key focus areas include PeopleVine's hospitality SaaS solutions, Say Less Spritz beverage industry updates, and real estate project milestones.
Our curated news collection serves investors and analysts seeking to track ACGX's vertical integration strategy and cross-segment synergies. Content spans earnings announcements, leadership changes, product launches, and investment activities – all essential for understanding the company's risk-diversified approach.
Bookmark this page for direct access to primary source materials and objective reporting on ACGX's operational progress. Regular updates ensure you maintain informed perspectives on this multi-industry holding company's evolving landscape.
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) 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) announced its Q1 2024 financial results, reporting an 88% increase in net income from Q1 2023 to Q1 2024. Revenues and gross profits for Q1 2024 were $217,916, and net income was $142,330. The company listed its West Devon property for sale at $3.95 million with a 7.97% cap rate. As of March 31, 2024, total assets stood at $4,531,689, with cash on hand of $156,554. Outstanding common shares were 4,454,211, with 2,799,023 shares in the float. CEO Paul Sorkin emphasized the company's strategy of low expenses and strategic investments to drive growth, with PeopleVine having a strong quarter and ongoing discussions for future opportunities.
Alliance Creative Group (ACGX) reported Q4 2022 revenues of $3,399,008, with a gross profit of $817,182 and a net income of $17,535. For the full year, the company's total revenue reached $12,242,126, yielding an annual gross profit of $2,808,264 and net income of $93,170. As of December 31, 2022, total assets were $3,823,236, and total stockholder equity stood at $837,249. The company is transitioning its business model, focusing on building a vertically integrated portfolio while upgrading real estate assets. CEO Paul Sorkin emphasized ongoing negotiations and the importance of evaluating opportunities carefully.
Alliance Creative Group, Inc. (OTC: ACGX) reported a 11.1% increase in revenues for Q3 2022, totaling $3,014,840, compared to the same period in 2021. Gross profits reached $784,185, with a net income of $108,426. As of September 30, 2022, total assets stood at $3,957,989 and total stockholder equity was $1,610,299. The company ended the quarter with $27,690 cash on hand. CEO Steve St. Louis emphasized ongoing revenue growth and strategic focus on kitting and fulfillment services.
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