SOURCE: Alliance Creative Group, Inc.

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November 12, 2015 12:52 ET

Alliance Creative Group (ACGX) Reports Over $3,000,000 in Revenue for the 3rd Quarter of 2015 and Uploads Updated Disclosure Statement

Company Revamped Websites and Added New Blog to Keep the Public More Informed

CHICAGO, IL--(Marketwired - November 12, 2015) - Alliance Creative Group, Inc. (AllianceCreativeGroup.com or ACGX.us) (OTC PINK: ACGX) is pleased to announce the results of Operations for the Three Months Ended September 30, 2015.

Revenues for the quarter ending September 30, 2015 ("Q3 2015") were $3,042,116 compared with $2,812,216 for the quarter ending September 30, 2014 ("Q3 2014"). That is an increase of $229,900 for the quarter or an 8.2% increase.

Gross Profits for the quarter was $658,873 for ("Q3 2015") compared to $724,690 for ("Q3 2014"). That is a decrease of $65,816 or a 9.1% decrease.

Net Incomes were ($67,401) for ("Q3 2015") compared to $13,651 for ("Q3 2014"). That is a decrease of $81,052.

The total assets of the Alliance Creative Group as of 9/30/15 were $5,402,842 compared to 9/30/14 when they were $5,901,659.

The total outstanding common shares as of September 30, 2015 were 769,403,740 with 669,082,765 of those shares in the float.

Company ended the quarter with $139,215 in the bank.

The full financial statement, balance sheet, cash flow statement, stockholder equity and information and disclosure statements are posted on ACGX.us/IR and on the OTC Market Company website at www.OTCmarkets.com under the stock symbol ACGX under the section for filings and disclosure section.

CEO of the Alliance Creative Group, Steven St. Louis, said, "We made a lot of progress in the 3rd quarter building out our core competency for PeopleVine as the Agency's platform to give marketers, agencies and brands the power to build engaging experiences for their (clients') consumers. We have also been expanding our internal digital marketing agency and experiential services to create more compelling and meaningful content and experiences for our clients. We added some valuable new talent to the team and improved the user experience (UX) of the PeopleVine platform along with over 450 fixes, improvements and added features. Overall, we are spending money on these improvements, which have caused some short-term losses, however we feel these investments will help us grow quicker in the future and provide us with the required expandable infrastructure to handle the current and future opportunities we are working on. Although we didn't close any M&A deals in this quarter we are still in discussions and are getting closer to what we hope will be some very positive future opportunities for everyone."

About Alliance Creative Group, Inc. Alliance Creative Group, Inc. (OTC PINK: ACGX) is a creative packaging, digital marketing, and experiential agency that has been helping clients connect their products with their customers since 1997. ACG achieves this by creating, assisting or managing the creative process, print and packaging services, and the digital and live engagement experience. Visit AllianceCreativeGroup.com, ACGX.us and PeopleVine.com for more information.

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.

Contact Information

  • ACGX Investor Relations and Media Contact
    1-847-885-1800 ext. 175
    info@ACGemail.com