CHICAGO, Nov. 17, 2011 /PRNewswire/ -- Alliance Creative
Group, Inc., (http://www.AllianceCreativeGroup.com) (Stock Symbol:
ACGX.pk) is pleased to announce the results of Operations for the
Three Months Ended September 30, 2011
compared to the Three Months Ended September
30, 2010 along with becoming current status with OTC Markets
and completing positive negotiations with majority of the note
holders to freeze over $900,000 in
liabilities.
Revenues for the three months ended September 30, 2011 ("Third Quarter 2011") were
$2,193,593 compared with $1,703,444 for the three months ended
September 30, 2010 ("Third Quarter
2010"). That is an increase of $490,149 or 29% for the quarter.
Gross Profits were $602,712
compared to $383,489. That is
an increase of $219,223 or a 57%
increase. Net Incomes were $193,825 compared to $82,233. That is an increase of
$111,592 or a 136% increase.
The total assets of the Alliance Creative Group as of
9/30/11 were $4,016,649. The total outstanding shares as
of November 16, 2011 are 8,554,746
with 8,415,221 of those shares in the float.
The company has updated all the required information and
disclosures online along with the proper legal opinions and has
been labeled Current status on the OTC Markets. Management
has also agreed with majority of the debt note holders to freeze
over $900,000 until 2012 and continue
negotiations to further benefit the company next year.
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, Paul
Sorkin, said, "This is our 8th consecutive quarter with
positive numbers and we've already started strong for Q4 2011 as
well. We have updated all of the company information and
disclosures online to help with the transparency in the market.
We have paid down more debt and we have successfully
negotiated with majority of our note holders to freeze their notes
until next year and allow us to negotiate again in 2012. We
are continuing our aggressive search 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 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, 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
1-847-885-1800 ext 6
info@AllianceCreativeGroup.com
SOURCE Alliance Creative Group, Inc.