jedijazz
3 weeks ago
$ACGX Alliance Creative Group (ACGX) Releases 2023 Annual Financial and Disclosure Report - PeopleVine's revenue increased by 100% in 2023
PR Newswire
Mon, Apr 1, 2024, 8:00 AM EDT7 min read
In This Article:
ACGX
+20.75%
Alliance Creative Group (ACGX) Releases 2023 Annual Financial and Disclosure Report
PeopleVine's revenue increased by 100% in 2023
CHICAGO, April 1, 2024 /PRNewswire/ -- Alliance Creative Group, Inc., (http://www.ACGX.us) (OTC: ACGX) is pleased to announce the results of Operations for the Year Ending December 31, 2023.
Revenues for the Year ending December 31, 2023 ("2023") were $652,553*
Gross Profits for the Year ending December 31, 2023 ("2023")were $652,553
Net Income for the Year ending December 31, 2023 ("2023") were $116,124
The total assets on the Balance Sheet for the Alliance Creative Group as of 12/31/23 were $4,295,764
The total outstanding common shares as of December 31, 2023 were 4,079,211 with 2,424,023 of those shares in the float - Same as the end of the third quarter.
The Company ended the quarter with $89,420 Cash on hand.
*The Company changed to Cash Basis accounting to avoid confusion with the delayed Peak Construction projects.
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, "Our potentially most valuable asset/investment (The PeopleVine shares) had its best year ever. Overall revenues for PeopleVine doubled and the Net Profit Tripled. We believe PeopleVine has reached its tipping point and is potentially ready to bring in outside investors and strategic partners to help with the next stage of the company. What this means for ACGX is a potential sale of a portion of the shares to help fund other potential future projects and investments while still maintaining the majority of the position to hopefully benefit from any continued growth.
The overall goal is to diversify our investments to reduce the risk and look for a positive cashflow company that we can acquire to improve the overall future value for ACGX investors and shareholders.
The Wayne Property project has completed almost all of its renovations and hopes to have the final 2 units rented soon. The property is in an area with increasing investment interest and once it is fully rented and all additional expenses are paid for we expect to have a good positive cashflow to attract a quality buyer to hopefully sell the property this year.
Coastal Spritz is transitioning to its new name "Say Less Spritz". The Company has partnered with a new Co-Packer and a long-time industry expert to help with the rebranding. The Company is also in discussions with an experienced sales team and hopes to engage their team to help maintain and grow in new marks. We are also very proud to say that the product can be found in Wrigley Field again this year.
Peak Construction continued to have delayed and canceled projects. To avoid any confusion or a misunderstanding related to our financials we changed to Cash Basis accounting from Accrual to only record the money we received from completed projects. Therefore, you will notice we no longer have any AR or AP listed for any potential projects and will instead only report the actual projects that were paid for.
We are continuing multiple conversations with potential acquisition targets, projects, strategic partners, investors, and other opportunities to determine the best fits for ACGX as well as possible new investors for PeopleVine. 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 companies that, if we are successful, can each reduce their expenses by leveraging our resources and relationships to increase the overall assets, revenues, and profits 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, 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
About Say Less Spritz
Say Less Spritz is a low ABV premium light wine in a can. Say Less 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 Products come in 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. Currently, Products can be found in over a dozen states and in over 1,000 stores. Some retailers include: HEB, Jewel Osco, Meijer, Liquor Barn, and lots more, as well as GoPuff and SpiritHub online. Product 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.SayLessSpritz.com
Investor Relations and Media Contact
1-312-498-9769
info@ACGemail.com
View original content:https://www.prnewswire.com/news-releases/alliance-creative-group-acgx-releases-2023-annual-financial-and-disclosure-report---peoplevines-revenue-increased-by-100-in-2023-302104439.html
SOURCE Alliance Creative Group, Inc.
XenaLives
1 month ago
There is nothing unique in the current "business plan" - they are just using a penny shell to finance Sorkin's latest scam.
The current scam -
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171611774
This is B.S.:
Mr. Sorkin is now the Company’s President, Chief Executive Officer, Secretary and Treasurer
while also serving as the Company’s Chairman of the Board. In this role he plans to apply his
thirty years of leadership experience. He believes that his experience has allowed to develop his
skills and to evaluate the skills of others more effectively while also underscoring teamwork and
understanding the many strengths and skills of other team members that may serve to achieve
better results across an entire organization. His perspective has had a profound influence on his
management philosophy and in his relationships with clients. Mr. Sorkin believes that he is able
to bring value to his partners, investors, and clients by identifying and creating synergizes that
utilize and leverage their strengths to maximize future success. Mr. Sorkin believes that every
business faces continuing challenges from competitors, the market, and variables that are beyond
control. At the same time, Mr. Sorkin relies upon and works with colleagues in his extensive
network of knowledgeable business professionals and advisors to further support the companies
he creates or invests in.
This is what Sorkin said about the 2014 MJ scam:
Email from Paul Sorking 11/19/2014. This PPS will change here eventually.
Paul Sorkin PCB have you read the full detailed financials and disclosure report for the most recent quarter? Do you have any specific questions? We share everything in the report. We are as frustrated as you are that the market has completely undervalued this stock but as far as saying it is not adding up makes it seem like we are hiding something. We have disclosed everything in great detail and answered all relevant questions well beyond what we are required to and what other companies on the OTC Markets do. We have a very solid company with good revenues, profits, assets and clients. It seems like the market wants us to grow faster or become more exciting as a company so we are looking very aggressively at other opportunities to build off of our solid base. And when and/or if we are able to close a deal hopefully the market will reposed differently.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=108677486&txt2find=sorkin
It was a printing company scam in 2013:
Mr. St. Louis began his career in 1990 as a Navy Corpsman in the United States Marine Corps Infantry. He was part of an elite amphibious recon unit and served in Operation Desert Storm / Desert Shield. Mr. St. Louis received the Kuwait Freedom Medal, a Combat Action Ribbon, and 12 commendations for his service. Following his career in the United States military, Mr. St. Louis attended Illinois State University from 1994 to 1997. He started St. Louis Packaging in 1997 and is the President of St. Louis Packaging, Inc. and STL Graphics Group. He is currently the C.E.O and Chairman of the board for the Alliance Creative Group.
Paul Sorkin
COO and General Counsel
Mr. Sorkin is the C.O.O. and General Counsel for the Alliance Creative Group. He was the prior C.E.O and General Counsel for the Alliance Creative Group/ Invicta Group from June 2008 until December of 2011. From 2005 to 2008, Mr. Sorkin served as CEO and General Counsel at Image Worldwide/Nationwide where he was also the publisher of IMAGE magazine, from 1996 to 2004.
Mr. Sorkin served as Chief Operating Officer and General Counsel at S & B Collectibles where he helped the company grow from about 5 employees to over 250 employees and from about $1,000,000 in gross revenue to over $100,000,000 in gross revenue and was involved with getting new products on TV, in retail distribution and online. Mr. Sorkin holds a B.A. degree from the University of Illinois and a J.D. degree from Chicago Kent College of Law.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=95583159
It was Invicta and Sorkin in 2007:
NEWS !!! Invicta Group Inc. Files 10Q and Reduces Debt by $3,726,485 From 1 Year Ago
CHICAGO, IL -- (Marketwire) -- 08/21/08 -- Invicta Group Inc. (OTCBB: IVIT) announced today that Invicta Group Inc. reduced the total current liabilities on the June 30, 2008 consolidated balance sheet by $3,726,485 compared to the June 30, 2007 consolidated balance sheet. The total current liabilities as of June 30, 2007 were $4,222,369.00 and the total current liabilities as of June 30, 2008 were $495,884.00.
Invicta's CEO Paul Sorkin said, "The company is in a much better position then it was a year ago. We are very excited about our progress and the future opportunities. We have recently begun generating new revenue streams for Invicta through improvement of travelhotlink.com and our new Citybook Savings division."
About Invicta Group, Inc.
INVICTA GROUP INC. is an Internet Media Company that specializes in the Travel and Entertainment Industry. The company utilizes a number of websites and a large database to link travel enthusiasts with products to fulfill their travel and entertainment needs. Travelhotlink.com works with travel suppliers that want to promote their discounted travel products: airline tickets, hotel rooms, tour packages, rental cars, cruise cabins, event tickets, and more on the Internet 24/7 -- the 6 main websites are: www.Travelhotlink.com, www.Cruisehotlink.com, www.Airhotlink.com, www.Hotelhotlink.net, www.Autohotlink.net, and www.Tickethotlink.com.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=31615718&txt2find=sorkin
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