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Post# of 15378
Alliance Creative Group (ACGX) Reports Revenue of $3,399,008 for Fourth Quarter of 2022
https://finance.yahoo.com/news/alliance-creat...;tsrc=twtr
From the news:
Paul Sorkin, CEO of the Alliance Creative Group, Inc. said, "Although these financial numbers are for 2022, our team has been focused on building the new foundation and planning for 2023 and beyond. The overall transition away from printing and packaging is going well, but there are a lot of moving parts. We are involved in multiple ongoing conversations and negotiations that we need to complete to determine exactly who and what will be involved in the first and second phases of our parent company. The Wayne property is about 75% upgraded and we hope to finish the remaining 25% and increase the rents soon. Peak Construction Group is predominantly working on projects in IL and FL now, but we are in discussions for potential projects in TN and other states that we should know more about soon. PeopleVine has been growing consistently and is positioned very well for the next phase of growth. We understand many of the challenges that most companies and industries are dealing with today, therefore we are being very patient and selective to properly evaluate all of the potential opportunities before we confirm which are the best ones to add long term value and create a solid foundation to build from. Our main goal is to continue 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."