Alliance Creative Group, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 20, 2020 at 07:13 am EST
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Alliance Creative Group, Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced sales was USD 2.308 million compared to USD 2.776 million a year ago. Operating income was USD 179,891 compared to USD 5,251 a year ago. Net income was USD 171,832 compared to USD 5,251 a year ago. For the nine months, sales was USD 6.761 million compared to USD 8.082 million a year ago. Operating income was USD 170,579 compared to USD 46,811 a year ago. Net income was USD 180,097 compared to USD 46,811 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. 
