Texas, here we come! Hollywood Star Cuts strikes a deal

Las Vegas, NV, July 12 2022 (GLOBE NEWSWIRE) — All American Gold Corp. (OTC Pink: AAGC) is pleased to update the public on recent and upcoming Hollywood Star Cuts advancements.

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

July 8e, 2022, All American Gold Corp. and Hollywood Star Cuts have entered into an agreement with a group of development and franchise professionals to develop and operate a number of Hollywood Star Cuts locations in the Central Texas area. The franchise group has a strong track record in operating franchises in fast food, pizza and convenience stores. Locations they will focus on include Dallas and its suburbs and the greater Austin area. The agreement stipulated that the development company will open and operate a minimum of three (3) sites in 2023 and a minimum of six (6) sites by the end of 2024 with the intention of developing and operating a minimum of ten (10) sites. within five years. Typical Hollywood Star Cuts generate a minimum of $150,000.00 in gross revenue per year. Using this formula, this deal will add approximately $450,000.00 in revenue in 2023, approximately $600,000.00 in revenue in 2024, and up to $1,500,000.00 in gross revenue in Central Texas at full maturity .

Hollywood Star Cuts entered into negotiations with the Texas-based group four months ago. The negotiations were very amicable, with both parties doing their utmost to address the concerns of all parties involved. The Texas band said they were impressed with the Hollywood Star Cut concept, including the addition of tanning stations at each location. Hollywood Star Cuts continues to be committed to the success of our franchise partners as well as corporate sites.

Hollywood Star Cuts operates company stores in the greater Boise area. Hollywood Star Cuts has franchise deals with bands in West 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 design, this goal seemed incredibly ambitious. The management of Hollywood Star cuts has dramatically underestimated the acceptance of the concept of Hollywood and Southern California Beach themed hair care. It is with great pleasure that Hollywood Star Cuts is now increasing its expectation from 100 locations to five hundred (500) locations within 10 years. This objective will be achieved mainly through franchise agreements in strategic areas of the country. Throughout 2023 and 2024, Hollywood Star Cuts will focus on assisting its existing franchise partners to achieve their development and sales goals.

Hollywood Star Cuts has received requests from groups interested in developing new Hollywood Star Cuts locations in North Carolina, South Carolina and Georgia. Unsolicited inquiries confirm that the growth of the concept is only limited by time.

As mentioned in a previous press release, the average Hollywood Star Cuts makes 32 transactions per day at an average transaction of $27.00. This translates to a daily transaction average of around $865.00. Hollywood Star Cuts locations are generally open Monday through Saturday (closed Sunday) with an average total revenue of $5,000.00 per week. Typical Hollywood Star Cuts are expected to generate approximately $200,000.00 in revenue and a pre-tax profit margin of 28-30%. With a relatively low initial investment by the franchisee, a relatively recession-proof business model, and a solid profit margin, it’s no wonder experienced franchise operators identify Hollywood Star Cuts as a truly exceptional opportunity. Hollywood Star Cuts currently operates 3 corporate sites with a 4e will open soon in the growing Greater Boise Idaho area.

Hollywood Star cuts is committed to providing the best in service and experience and is committed to becoming a leader in the multi-billion dollar hair care industry. Hollywood Star Cuts would like to thank all of its loyal customers, loyal staff members, and all who support the company.

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

Forward-Looking Statement All statements made in this press release that are not historical facts contain certain forward-looking statements; as that term is defined in the Private Security Litigation Reform Act of 1995, with respect to potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release relates. 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 these forward-looking statements. The company disclaims any obligation to update the information contained in the forward-looking statements. This press release should not be considered a general solicitation.

Twitter: @HStarcuts

www.hollywoodstarcuts.com

(760) 525-7411

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