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McapMediaWire -- AllAmerican Gold Corp. (OTC Pink: AAGC ) is excited to disclosethat Hollywood Star Cuts, AAGC’s Operating Company, is nowconducting business in an operating profit.
Hollywood Star Cuts, arapidly growing chain of Hollywood Themed Family Hair Salons, hasaccomplished the objective of reaching operational profitabilityquicker than previously anticipated.
Throughout 2021 and 2022, Hollywood Star Cuts hasbeen concentrating on creating, developing and growing Company ownedHair Salons in the greater Boise area. As of the beginning of February2023, Hollywood Star Cuts is operating three locations in the Boisearea with a fourth “Mega Production Studio” set to open the firstweek of March 2023.
Hollywood Star Cuts had previously anticipated reachingprofitability after the first calendar quarter of 2023. The feat ofreaching profitability has been accomplished months earlier thanexpected.
Hollywood Star Cuts will no longer be utilizing the majority ofthe Company’s resources to develop more Company-owned locations forthe remainder of 2023. Instead, the Company will be focusing itsefforts on the development of a franchise model Nationally, creatingflourishing revenues without the massive expenditure of Companyfunds.
HollywoodStar Cuts has already begun the build-out of franchise locations inrapidly growing areas such as Florida and Texas.
AAGC and Hollywood StarCuts intend to conserve revenues and profits accrued throughout 2023and develop a “War Chest” for accelerated growth in the future andeliminating the future need for outside financing and potentiallytoxic financing.
On February 2nd, 2023, Hollywood Star Cuts conducted aShareholder Conference Call to discuss the accomplishments of 2022 andthe outlook for 2023 and beyond. There were 177 people listening live.The call included a Question-and-Answer period after the Companyremarks. Hollywood Star Cuts would like to thank all who attended thelive call and those who asked fantastic questions.
Topics discussed:Accomplishments 2022
- Mission of Hollywood StarCuts
- Vision for 2023 and beyond
- Growth for 2023 andbeyond
- Challenges for Growth (Immediate and LongTerm)
Hollywood Star Cuts invites everyone to listen to the playbackand hear the accomplishments in detail at their leisure. The call-innumber is: (267) 807-9603 Access Code: 526-855-601.
The growth model forHollywood Star Cuts includes both Corporate-owned stores as well asFranchise stores in specific markets. Updates and reminders will beposted on Twitter, as well as periodic public Press Releases.
Hollywood Star Cuts isdedicated to offering the very best in service and experience and iscommitted to becoming a leader in the multi-billion-dollar andrecession-resilient Haircare and Beauty industry. Hollywood Star Cutswould like to thank all their loyal customers, their hard-workingstaff members, and all who support the Company. Hollywood Star Cuts iscommitted to expand through organic growth with Company-owned storesas well as utilizing franchise partners nationally.
All American Gold Corp.invites the public to follow us on Twitter as mostupdates, and communication will be conducted there.
The public is alsoinvited to follow us on and online at www.hollywoodstarcuts.com .
Forward-LookingStatement Any statements made in this press release which are nothistorical facts contain certain forward-looking statements; as suchterm is defined in the Private Security Litigation Reform Act of 1995,concerning potential developments affecting the business, prospects,financial condition and other aspects of the company to which thisrelease pertains. The actual results of the specific items describedin this release, and the company's operations generally, maydiffer materially from what is projected in such forward-lookingstatements. The company disclaims any obligation to update informationcontained in any forward-looking statement. This press release shallnot be deemed a general solicitation.
Twitter:
(760)525-7411
Contact Details
LawrenceTwombly
+1 760-525-7411
Company Website
http://www.hollywoodstarcuts.com/
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