Alliance Creative Group, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 19, 2019 at 05:45 pm IST
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Alliance Creative Group, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was USD 2.776 million compared to USD 3.441 million a year ago. Operating income was USD 5,251 compared to USD 231,781 a year ago. Net income was USD 5,251 compared to USD 881,061 a year ago. For the nine months, sales was USD 8.082 million compared to USD 11.588 million a year ago. Operating income was USD 46,811 compared to operating loss of USD 104,350 a year ago. Net income was USD 47,120 compared to USD 464,065 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. 
