CHICAGO, IL --(Marketwired - November 14, 2016) - Alliance Creative Group, Inc. (AllianceCreativeGroup.com) (OTC PINK: ACGX) is pleased to announce the results of Operations for the Three Months Ended September 30, 2016.
Revenues for the quarter ending September 30, 2016 ("Q3 2016") were $2,345,384. Gross Profits for the quarter were $570,838 for ("Q3 2016"). Net Incomes were ($55,362) for ("Q3 2016").
The total assets of the Alliance Creative Group as of 9/30/16 were $5,466,137.
The total outstanding common shares as of September 30, 2016 were 998,961,454 with 898,640,079 of those shares in the float.
Company ended the quarter with $109,165 in the bank.
The full financial statement, balance sheet, cash flow statement, stockholder equity and information and disclosure statements are posted on the company website at AllianceCreativeGroup.com and www.ACGX.us or under investor relations and on the OTC Market Company website at www.OTCmarkets.com under the stock symbol ACGX under the section for filings and disclosure section.
The Company was also able to retire over $200,000 of convertible debt to help reduce the overall debt of the Company.
CEO of the Alliance Creative Group, Steven St. Louis, said "We ran into some unexpected delays with insurance and compliance issues related to our new trucking company and had a few changes with some client warehouses and distribution centers so the revenues were not what we expected for this quarter, however, the 4th quarter is looking good and we are very excited about 2017 and beyond. Our team has done an incredible job helping create a more stable and diversified business foundation to allow us the opportunity to explore other areas of future growth."
COO and General Counsel of the Alliance Creative Group, Paul Sorkin, said "in order for us to accomplish our long term goals we need to continue to address, resolve, and improve multiple areas of the business, including but not limited to, executing our new business plans, reducing our overall debt, managing our cash flows, controlling the stock dilution, and leveraging our resources to maximize future growth opportunities. Being able to retire over $200,000 in convertible debt was a huge step for us and clearing all compliance issues for the new trucking company has allowed us to diversify our revenue streams and focus on growing our overall business for the benefit of our investors, shareholders and employees."
About Alliance Creative Group, Inc.
Alliance Creative Group, Inc. (OTC PINK: ACGX) is a full-service agency that focuses on Branding, Marketing, and Packaging. ACGX Specializes in four distinct areas: Product Development, Transportation, Digital Marketing & Engagement, and Software Development. Alliance has been helping its clients connect their products and services to their customers since 1997.
The Alliance Creative Group ecosystem 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 & design services, printing & packaging, brand & product development, fulfillment, logistics, transportation services, strategic consulting, digital marketing & engagement, and software development. For more information, visit www.AllianceCreativeGroup.com or www.ACGX.us.
About Primary Trucking
Primary Trucking is your "Primary" source for transportation needs with an in-house expedited fleet, specializing in FTL (full truck loads) out of the MidWest. The Company understands the value of good communication, leveraging technology and cost-effective transportation solutions. www.PrimaryTrucking.com
PeopleVine has built a single platform for marketing teams to engage with their consumers. PeopleVine is a fully integrated content management system (CMS), marketing automation and sales tools on top of a core CRM to capture and nurture human interaction. PeopleVine is the only platform to capture 35 touchpoints in real-time allowing you to enable action based marketing through our suite of "customer journey" marketing tools. Behind it all is a CRM capturing every interaction back to a single profile. Further enabling you to see consumer behavior over time, while leveraging the data for automated interactions. www.PeopleVine.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 plans, 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.