Alliance Creative Group, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2018
November 15, 2018 at 06:30 pm IST
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Alliance Creative Group, Inc. reported earnings results for the third quarter ended September 30, 2018. Revenues for the quarter ending September 30, 2018 were $3,341,012 compared to $4,550,757 for the quarter ending September 30, 2017. Net Incomes for the quarter ending September 30, 2018 were $881,060 compared to $32,025 for the quarter ending September 30, 2017.
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.