SOURCE: Invicta Group Inc.

Invicta Group Inc.

November 15, 2010 08:30 ET

Alliance Creative Group (ACGX) (Formerly Invicta Group) (IVIT) Announces Third Quarter Revenue in 2010 Increased by Over $1,500,000 From Third Quarter in 2009 and an Increase of Almost $400,000 in Gross Profit for the Quarter

Also Announces Reverse Stock Split and New Trading Symbol

CHICAGO, IL--(Marketwire - November 15, 2010) - Alliance Creative Group, Inc. (ACGX) (PINKSHEETS: ACGX) (PINKSHEETS: IVIT) ( is pleased to announce the results of Operations for the Three Months Ended September 30, 2010 Compared to the Three Months Ended September 30, 2009.

Revenues for the three months ended September 30, 2010 ("Third Quarter 2010") were $1,703,444 compared with $105,468 for the three months ended September 30, 2009 ("Third Quarter 2009"). That is an increase of $1,597,976 or 1,515% for the quarter.

Gross Profits Increased almost $400,000 and Net Profits Increased by over $80,000 for the Quarter. The total assets of the Alliance Creative Group as of 09/30/10 were $3,558,168. 

Alliance Creative Group (ACGX) announced the effectiveness of its reverse and name change and that each two thousand (2000) shares of the Common Stock of the Corporation issued and outstanding shall become one (1) share of Common Stock of the Corporation. Fractional or partial shares will not be issued and instead will be rounded up to the nearest whole number of shares. This reverse split becomes effective as of the market open on November 15, 2010. The new name and stock symbol have also been completed and the Corporation formerly known as Invicta Group, Inc (IVIT) is now Alliance Creative Group, Inc (ACGX). ACGX has less than 3,000,000 common outstanding shares after the reverse stock split. The Company has also reduced the total Authorized shares from 5,000,000,000 to 50,000,000.

CEO of the Alliance Creative Group, Paul Sorkin, said "Some of the projects we have been involved with have turned out better than we expected and others did not meet our expectations. We have also encountered a major battle with short sellers. We have evaluated our business projects and options for fighting off short-sellers and we feel the most reasonable action is to narrow our business focus to the most successful projects and reverse the stock in an overall strategy to address the endemic short selling. 

"We finished the first 9 months of the year with over $9 million in revenues and almost $600,000 in Net Profits. That means our team has completely turned this company around and we have increased our numbers for the first 9 months this year by over 2000% from last year."

Sorkin went on to say, "The Alliance Creative Group is committed to utilizing a unique blend of products, services, and relationships to increase value for both clients and shareholders. Creating quality results, forging long-term partnerships, and exceeding expectations are the core business principles of ACG. Our focus has continued to narrow to 4 main areas of concentration - Creative and Design, Printing and Packaging, Product Development and Brand Awareness. Our financials are solid and improving and we feel we have positioned ourselves well for future growth and opportunities." 

About Alliance Creative Group, Inc.

ALLIANCE CREATIVE GROUP, Inc. (ACGX) is a product development management and marketing company. The Alliance Creative Group is a brand awareness conglomerate that utilizes shared resources to create synergies between their projects and companies to create quality results and long-term partnerships. The core business areas include creative and design services, printing and packaging, product development and event marketing.

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.

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