SOURCE: Alliance Creative Group, Inc.

Alliance Creative Group, Inc.

September 18, 2017 08:30 ET

Alliance Creative Group (ACGX) Settles Lawsuit With Golden State Equity Investors

Disputed Convertible Debenture to be retired

CHICAGO, IL--(Marketwired - Sep 18, 2017) - Alliance Creative Group, Inc. (AllianceCreativeGroup.com) (OTC PINK: ACGX) is pleased to announce the lawsuit between Golden State Equity Investors, Inc. and Alliance Creative Group, Inc. related to a dispute over financing instruments has been settled and the case will be dismissed.

The parties both had claims against each other in the U.S. District Court of Southern California. In exchange for some preferred equity shares in ACGX, an existing investor has agreed to purchase the potential rights Golden State may have had in the financing instruments. This exchange agreement will allow the company to retire the debt in full and dismiss the lawsuit. Some additional paperwork, filings, and legal transactions are required to completely finalize this settlement and exchange, However, all parties are in agreement of the final terms and money is being held in escrow. 

Paul Sorkin, COO and General Counsel, said, "This situation has been an ongoing issue for the company for years and we believe the uncertainty has put a tremendous amount of pressure on our Company. This settlement and exchange agreement is a great opportunity for us to reduce our debt, resolve any uncertainty about any potential claims, and allow us to focus more on growing our business and hopefully improving our overall Company's financials." 

About Alliance Creative Group, Inc.

Alliance Creative Group, Inc. (Stock Symbol: ACGX) is a full-service product-development agency that since 1997 has been helping clients connect their products and services to their customers. ACG focuses on creative and design services, printing and packaging, brand and product development, fulfillment, logistics and transportation, strategic consulting, digital marketing and engagement, and software development. For more information, visit www.AllianceCreativeGroup.com or www.ACGX.us.

About PeopleVine

PeopleVine is a software platform combining CRM, marketing, CMS, and sales into a single, seamless customer engagement suite. PeopleVine was started in 2014 with the vision of providing a consolidated platform for businesses to better connect and engage their customers.

PeopleVine is a turn-key platform providing 60+ out-of-the-box pages and experiences to further engage with consumers. PeopleVine users can either leverage the out-of-the-box experience or customize it by making a few design tweaks to building their own experience on the same APIs we used. Flexibility is key to ensuring a consistent and unique branded experience, but also saves developers time by not having to start from scratch.

Together with our fully integrated marketing and automation engine PeopleVine is able to ensure continuous engagement all tracked and managed from a single platform. PeopleVine can help power clients' websites, text campaigns, ecommerce, memberships, and more. Whether launching a loyalty program or your entire website, our tools make it easy to get going -- and growing -- quicker. For more information www.PeopleVine.com

About Primary Trucking

Primary Trucking is an asset based carrier located in Chicago, IL. We specialize in truckload freight outbound from Chicago. We have over 30 years of experience in the transportation industry and we have the tools to be your primary source for transportation. We customize transportation solutions based on our customer's needs. If you need to move your freight locally or coast to coast, we have you covered. No job is too big or too small. We can handle anything, from moving a few pallets to moving an entire warehouse. Primary Trucking is your "Primary" source for transportation needs.

For more information go to www.PrimaryTrucking.com

About Rapid Freight Solutions

Rapid Freight Solutions (Rapid) provides domestic shipping services nationwide, quickly and safely moving products across the country. Rapid specializes in LTL, air freight, hot shot, trade-show, flatbed, intermodal, over-dimensional, step-deck, and refrigerated trucking. Thanks to our team's 30 years of experience, we have relationships with more than 140 carriers nationwide, helping ensure our customers quality service with competitive pricing. For more information, go to www.RapidFreightSolutions.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 issues, changes in technology, economic conditions, the impact of competition and pricing, government regulation, unforeseen changes in agreements, potential future disputes, 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

  • Investor Relations and Media Contact
    Paul Sorkin
    1-847-885-1800, ext. 175
    Paul@ACGemail.com