On Tuesday, May 9th, 2023, Hollywood Star Cuts, a full-service Hair and Beauty Salon with a fun and exciting Hollywood and Southern California theme, entered into a Letter of Understanding (LOU) to purchase a multi-state chain of luxury Tanning Salons.
The Tanning Salons are located in Florida, Georgia and Tennessee. The Tanning establishment currently operates 14 locations and generates roughly One Million Three Hundred Thousand Dollars ($1,300,000) in annual revenues. All American Gold Corp. has solicited the assistance of an outside accounting firm to quickly determine the value of the entity and to ensure that the financials are auditable. Hollywood Star Cuts and the owners of the Tanning Facilities have agreed to a 45-day Due Diligence (DD) period ensuring sole purchase rights for Hollywood Star Cuts.
Hollywood Star Cuts believes the acquisition of the Tanning Facilities would be a perfect fit for the well-established business model. Hollywood Star Cuts intends to transform the Tanning locations into Hair Care and Tanning facilities much like HSC’s successful locations in the greater Boise Idaho area. Once the suitable locations are transformed into the Full-Service Hair and Tanning Salons, they will be offered for operation to pre-determined Franchisees creating a turn-key franchise operation. Hollywood Star Cuts is extremely excited about this connection and feels it offers a unique opportunity to expand massively with very little expenditure of funds.
Hollywood Star Cuts would like to demonstrate how much the Company values its shareholders. Starting in August 2023, Hollywood Star Cuts will be offering a Specialized Franchise Program exclusively for All American Gold Corp shareholders.
Hollywood Star Cuts is in the process of establishing a program with the sole purpose of making it easy for an existing shareholder to obtain a Hollywood Star Cuts Franchise of their own. Hollywood Star Cuts is currently constructing a program that will enter a market with the shareholder. HSC will carry the financial burden of developing and constructing a Full-Service Hair, Skin and Tanning Salon. Hollywood Star Cuts will deliver all equipment and decorations needed. Hollywood Star Cuts will provide training and support necessary to promote success. The Shareholder Franchisee will provide passion and a commitment to succeed and grow in this recession-proof multi-billion-dollar industry.
Hollywood Star Cuts is in a very unique position to succeed. Two years ago, HSC was an idea with one small location in Southern Nampa Idaho. One year ago, HSC began implementing a plan of growth with the opening of The Company’s “Flagship” location in Northern Nampa Idaho. Hollywood Star Cuts quickly entered into franchise agreements in multiple regions across the Country. Earlier this year Hollywood Star Cuts opened its “Mega Production Studio” in Boise Idaho to show future franchisees what is possible. Now, in mid-2023, Hollywood Star Cuts is embarking on a massive mission of growth. The future is bright.
AAGC and Hollywood Star Cuts would like to invite all shareholders, future shareholders and the public to participate in The Company’s end of Fiscal Year Conference Call.
The Call will be taking place on Monday, May 15th at 4:00 pm Western (7:00 pm Eastern).
Call in Number: 267-807-9601
Access Code: 526-855-601
Subjects to be discussed:
- Financial results for Fiscal Year 2022-2023
- Growth Opportunities for the future
- Franchise Opportunities
- Progress of Audit and Name Change
The comments portion of the call will extend for approximately 45-60 minutes. After the comments portion has concluded, the CEO will open up the forum to a question-and-answer period. The purpose of the Conference Call is to establish clarity of purpose, vision and transparency for the shareholders as it pertains to Hollywood Star Cuts.
As always, Hollywood Star Cuts and All American Gold Corp. would like to thank our fabulous crew members, our brilliant franchisees, our fantastic vendors, our excellent investors and all future investors for their hard work and commitment to the vision that is Hollywood Star Cuts. Without all of them, Hollywood Star Cuts could not succeed.
All American Gold Corp. invites the public to follow us on Twitter at HStarcuts as most updates and communication will be conducted there.
The public is also invited to follow us on Facebook and online at www.hollywoodstarcuts.com.
Forward-Looking Statement Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term 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 this release pertains. The actual results of the specific items described in this release, and the company’s operations generally, may differ materially from what is projected in such forward-looking statements. The company disclaims any obligation to update information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.