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ACGX Alliance Creative Group Inc (PK)

0.191
0.00 (0.00%)
18 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Alliance Creative Group Inc (PK) USOTC:ACGX OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.191 0.17 0.25 15 21:00:01

Alliance Creative Group (ACGX) Reports 133% Increase in Net Income and a 32% Increase in Revenue for Q1 2012 Compared to Q1 2...

23/05/2012 2:00pm

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Alliance Creative (PK) (USOTC:ACGX)
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Alliance Creative Group, Inc., (http://www.AllianceCreativeGroup.com) (PINKSHEETS: ACGX) is pleased to announce the results of Operations for the Three Months Ended March 31, 2012 compared to the Three Months Ended March 31, 2011.

Revenues for the three months ended March 31, 2012 ("First Quarter 2012") were $2,528,197 compared with $1,911,883 for the three months ended March 31, 2011 ("First Quarter 2011"). That is an increase of $616,314 or 32% for the quarter.

Gross Profits for the three months ended March 31, 2012 ("First Quarter 2012") were $763,379 compared with $461,877 for the three months ended March 31, 2011 ("First Quarter 2011"). That is an increase of $301,502 or 65% for the quarter.

Net Income for the three months ended March 31, 2012 ("First Quarter 2012") were $296,731 compared with $127,336 for the three months ended March 31, 2011 ("First Quarter 2011"). That is an increase of $169,395 or 133% increase for the quarter.

The total assets of the Alliance Creative Group as of 3/31/12 were $5,085,142. The total equity was $1,655,651. The total outstanding shares as of May 22, 2012 are 8,554,746 with 8,415,221 of those shares in the float. The stock is currently trading around the 2 cents per share range and the overall company market cap is around only $200,000.

The full financial statement, balance sheet, cash flow statement, stockholder equity and information and disclosure statements are on the Company website at http://alliancecreativegroup.com/investor-relations under the section for financials and on www.OTCmarkets.com under stock symbol ACGX.

CEO of the Alliance Creative Group, Steven St. Louis, said, "This is our 10th consecutive quarter with over a million dollars in revenue and our earnings per share for 2012 are estimated to be between 12 and 14 cents a share. We have consistently been growing our core businesses of printing, packaging and marketing so we have been looking for a larger office location, have been interviewing to add some quality members to our growing team and have been looking into purchasing some additional equipment and resources to help our growth continue. We plan to leverage our current success to create long-term sustainable growth. We are also still aggressively searching for good strategic partners and potential acquisitions to help continue growing both organically and by acquisition. Our overall goals continue to be increased revenues, profits, stock price, stock liquidity and increased shareholder value and we will continue to look for and evaluate the best ways to accomplish these goals."

About Alliance Creative Group, Inc. ALLIANCE CREATIVE GROUP, Inc. (Stock Symbol: ACGX) is a printing, packaging and marketing company. The Alliance Creative Group utilizes shared resources to create efficiencies between their projects and internal divisions to create quality results and long-term partnerships. The core business areas include creative and design services, printing and packaging, product development, event marketing, business consulting and strategic marketing. www.AllianceCreativeGroup.com

This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plan, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks described in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements that may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

Investor Relations and Media Contact Alliance Creative Group, Inc. 1-847-885-1800 ext 6 info@AllianceCreativeGroup.com

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