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McapMediaWire --Alliance Creative Group, Inc., ( http://ACGX.us and http://www.AllianceCreativeGroup.com )(OTC: ACGX ) is pleased to announce the Company has retired itsremaining convertible debt note and some of the preferred convertibleshares. The company repurchased the above-mentioned note and shares toremove the last of the convertible debt on the books and leave justthe remaining Series H preferred convertible equity shares.
As of December 31, 2022the Company entered into multiple agreements to divest and acquirespecific assets and liabilities and add and remove certain Board ofDirectors and Advisors. The full disclosure is listed on the OTCMarkets under disclosures.
Moving forward, if the Company is able to implementits new business plans and subject to favorable market conditions, theCompany seeks to operate as a holding company. The Company believesthat this may allow the Company to gain the benefits that may serve a"shared resource strategy" whereby its subsidiaries and realestate investments may gain the benefits of vertical integration withthe opportunity to achieve operating efficiencies and cost savings. Ifthese efforts are successful, the Company anticipates that it may,subject to market conditions, acquire additional real estate assetswith a focus on special situations and distressed assets as well asother revenue producing asset opportunities.
In addition and as asecondary strategy, the Company may seek to acquire or originatesecured loans and, if circumstances allow, to invest funds in and/oracquire majority control in early-stage companies, if marketconditions and opportunities allow. If the Company is successful inthese strategies, the Company anticipates that it may allow it tobetter utilize its planned shared resource model.
Overall, the Companybelieves that it has the managerial skills and relationships that mayallow it to successfully implement its strategies if it cansuccessfully identify and acquire appropriate acquisition targets,deploy its managerial resources effectively and, if market conditionsallow. If these goals can be achieved, then the Company believes thatits shared resources strategy may allow the Company to manage itssubsidiaries more efficiently and identify appropriate secured lendingopportunities with reduced expenses. If these goals can be achieved,the Company may be able to own a diversified portfolio of businessesand investment projects with resulting diversification and lower riskin both the private and public markets.
Currently the Company owns a sixteen unitcorner walk-up, mixed-use building on the border of the Edgewater andRogers Park neighborhoods of Chicago, Illinois. The Company alsoacquired all of the outstanding membership interests and managerinterests of Peak Construction Group, LLC and The Company alsocurrently owns an aggregate of 1,682,188 shares of PeopleVine, Inc.and the Company holds one seat on the Board of Directors ofPeopleVine, Inc.
Paul Sorkin , CEO of the Alliance Creative Group, Inc.said, "Our current team is very excited about the new foundationwe have created. We have been involved in multiple conversations withwhat we believe to be potentially beneficial investments and portfoliocompanies to better leverage our relationships and resources to pursueadditional future opportunities. We are also adding multiple advisorsthat we believe will add valuable insight, information, and access toother opportunities. The overall economy is still very volatile andmost industries are still dealing with significant challenges.However, we believe the best opportunities are created during the mostchallenging times and our goal is to build out a team with significantresources to position ourselves to find and help add value to wellsynergized opportunities. We are still updating the website www.ACGX.us and willbegin to share more on Twitter at and other social media platforms as things progress."
About AllianceCreative Group, Inc.
Alliance Creative Group, Inc. (OTC: ACGX) is aParent Holding Company on the OTC market. The strategy ACG intends todeploy is a shared resource model where portfolio companies and realestate investments are vertically integrated, optimizing efficienciesand cost savings ACG will apply roughly 80% of capital raised towardsdiversified classifications of real estate with a strong focus ondistressed assets and healthcare. The company's distressedvalue-add projects may consist of healthcare facilities, warehouses,student housing, multifamily, conversions, flips and otheropportunities. The remaining 20% may be applied to a mix of earlystage equity investments in companies that synergize with thecompany's shared resource model and secured lending opportunities.ACG's strategic mission is to utilize a unique blend of capital,relationships, experience, and secured lending structures to increasevalue for its clients, partners, investors, and shareholders whilereducing the overall risk. The company's big picture long termplan is to create an ecosystem of shared resources that can providequality resources with reduced expenses while acting as a securedlender for internal projects. The intent is to have multiplebusinesses and investment projects or divisions to help diversify therisk and generate potential revenue in multiple ways while leveragingboth the private and public markets. For more information, visit www.AllianceCreativeGroup.com or www.ACGX.us .
About PeopleVine
PeopleVine is a Software as a Service (SAAS) company thatspecializes in serving the Lifestyle Hospitality industry. The MemberExperience & CRM Software allows luxury hotels, resorts, andprivate member clubs to elevate a more personalized online membershipexperience. PeopleVine helps their clients build member communities,drive engagement, and connect the dots that elevate experiences andrevenues. The software empowers its clients teams to deliverefficiently managed operations through an integrated platform.
PeopleVine is committedto being the most essential and adaptive SaaS engagement platform forcompanies that take a customer centric approach to business.
For more information www.PeopleVine.com
This news releasecontains forward-looking statements as defined by the bespeaks-cautiondoctrine. Forward-looking statements include statements concerningplans, objectives, goals, strategies, future events or performance,and underlying assumptions and other statements that are other thanstatements of historical facts. These statements are subject touncertainties and risks including, but not limited to, product andservice demand and acceptance, changes in technology, economicconditions, the impact of competition and pricing, governmentregulation, and other risks described in statements filed from time totime with the Securities and Exchange Commission. All suchforward-looking statements, whether written or oral, and whether madeby or on behalf of the Company, are expressly qualified by thecautionary statements that may accompany the forward-lookingstatements. In addition, the Company disclaims any obligation toupdate any forward-looking statements to reflect events orcircumstances after the date hereof.
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