Home Hollywood Texas Here We Come! Hollywood Star Cuts enters agreement

Texas Here We Come! Hollywood Star Cuts enters agreement

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LAS VEGAS, Nevada, July 12, 2022 (GLOBE NEWSWIRE) — All American Gold Corp. (OTC Pink: AAGC) is pleased to inform the public of recent and future developments in Hollywood star clips.

Hollywood Star Cuts, a wholly owned subsidiary of All American Gold Corp., is growing fast!

July 8th, In 2022, All American Gold Corp. and Hollywood Star Cuts entered into an agreement with a group of development and franchising professionals with the goal of developing and operating a number of Hollywood Star Cuts locations in the Central Texas region. The franchise group has a proven track record of operating franchises in fast food restaurants, pizzerias and convenience stores. Locations they will focus on include Dallas and its suburbs and the greater Austin area. The agreement stipulates that the development company will open and operate at least three (3) locations in 2023, at least six (6) locations by the end of 2024, and intend to develop and operate at least ten (10) locations within five years. A typical Hollywood star cut generates at least $150,000.00 in gross revenue per year. Using this formula, the agreement will increase revenue by approximately $450,000.00 in 2023 and approximately $600,000.00 in 2024, bringing the total revenue in Central Texas to as much as $1,500,000.00 when fully expired.

Four months ago, Hollywood Star Editing began negotiations with the Texas-based group. The negotiations were very friendly and both sides did their best to address the concerns of the parties involved. The Texas Group said they were impressed with the concept of Hollywood star clips, including adding tanning stations at each location. Hollywood Star Cuts continues to be dedicated to the success of our franchise partners and the locations of the company.

Hollywood Star Cuts operates corporate stores in the Greater Boise area. Hollywood Star Cuts has signed franchise deals with groups in western Florida, Las Vegas, Nevada, and now central Texas. Initially, Hollywood Star Cuts had a long-term plan to develop and operate one hundred (100) locations nationwide. At the time of conception, this goal seemed very ambitious. The Hollywood star cut management greatly underestimated the acceptance of the Hollywood and Southern California beach-themed hair care concept. Glad that Hollywood Star Clips has now increased its expectations from 100 locations to five hundred (500) locations within 10 years. This will be achieved mainly through franchise agreements in strategic areas of the country. Throughout 2023 and 2024, Hollywood Star Clips will focus on assisting its existing franchise partners to achieve their development and sales goals.

Hollywood Star Cuts has received inquiries from groups interested in developing new Hollywood Star Cuts locations in North Carolina, South Carolina and Georgia. Active inquiry confirmed that the development of this concept was limited only by time.

As stated in a previous press release, The Hollywood Star Cut averages 32 transactions per day, with an average transaction value of $27.00. This equates to an average daily trading volume of approximately $865.00. Hollywood Star Cuts locations are generally open Monday through Saturday (closed on Sundays) and earn an average weekly gross of $5,000.00. A typical Hollywood star clip is expected to generate approximately $200,000.00 in revenue and a pre-tax profit margin of 28-30%. With franchisers’ relatively low initial investment, relatively recession-resistant business models, and solid profit margins, it’s no wonder seasoned franchisees see Hollywood star clips as a truly great opportunity. Hollywood Star Cuts currently operates 3 corporate locations, including 4th Opening soon in the rapidly expanding Greater Boise, Idaho area.

Hollywood Star cut is committed to providing the best service and experience, and is committed to being a leader in the multi-billion dollar hair care industry. Hollywood Star Cuts would like to thank all of their loyal customers, loyal employees and everyone who supports the company.

All American Gold Corp. invites the public to follow us on Twitter @HStarcuts, as most updates and communications will take place there. The public is also invited to follow us on Facebook and online at www.hollywoodstarcuts.com.

Forward-Looking Statements Any statement in this press release that is not a historical fact contains certain forward-looking statements; that term is defined in the Private Securities Litigation Reform Act of 1995 and concerns matters affecting the business, prospects, financial status and other potential developments. The actual results of specific items described in this press release and the company’s operations in general may differ materially from those projected in such forward-looking statements. The company undertakes no obligation to update the information contained in any forward-looking statement. This press release should not be considered a general solicitation.

Twitter: @HStarcuts

www.hollywoodstarcuts.com

(760) 525-7411



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