Alliance Creative Group, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 21, 2022 at 02:07 pm EST
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Alliance Creative Group, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 3.01 million compared to USD 2.71 million a year ago. Net income was USD 0.108426 million compared to USD 0.076755 million a year ago.
For the nine months, sales was USD 8.86 million compared to USD 7.93 million a year ago. Net income was USD 0.088689 million compared to USD 0.311798 million 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. 
