Alliance Creative Group, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
April 02, 2021 at 09:07 am EDT
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Alliance Creative Group, Inc. announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced sales was USD 2.456 million compared to USD 2.694 million a year ago. Operating income was USD 123,363 compared to USD 153,756 a year ago. Net income was USD 17,906 compared to USD 140,806 a year ago. For the full year, sales was USD 9.344 million compared to USD 10.776 million a year ago. Operating income was USD 302,253 compared to USD 200,567 a year ago. Net income was USD 205,267 compared to USD 187,926 a year ago.
Alliance Creative Group, Inc. (ACG) operates as a parent holding company. The strategy that the Company intends to deploy is a shared resource model where internal divisions, portfolio companies and strategic investments are vertically integrated. It is focused on three types of investments or projects: real estate acquisition; secured lending for small businesses, and early-stage equity business investments (and acqui-hires). ACG shall apply some of its resources towards diversified classifications of real estate with a focus on distressed assets and healthcare. The Company's distressed value add projects may consist of warehouses, student housing, multifamily, conversions, and flips. ACG may also invest in a mix of early-stage equity investments in companies that synergize with the Company's shared resource model and lending opportunities.
ALLIANCE CREATIVE GROUP, INC. 
