Alliance Creative Group (ACGX) Reports 133% Increase in Net Income and a 32% Increase in Revenue for Q1 2012 Compared to Q1 2...
May 23 2012 - 9:00AM
Marketwired
Alliance Creative Group, Inc.,
(http://www.AllianceCreativeGroup.com) (PINKSHEETS: ACGX) is
pleased to announce the results of Operations for the Three Months
Ended March 31, 2012 compared to the Three Months Ended March 31,
2011.
Revenues for the three months ended March 31, 2012 ("First
Quarter 2012") were $2,528,197 compared with $1,911,883 for the
three months ended March 31, 2011 ("First Quarter 2011"). That is
an increase of $616,314 or 32% for the quarter.
Gross Profits for the three months ended March 31, 2012 ("First
Quarter 2012") were $763,379 compared with $461,877 for the three
months ended March 31, 2011 ("First Quarter 2011"). That is an
increase of $301,502 or 65% for the quarter.
Net Income for the three months ended March 31, 2012 ("First
Quarter 2012") were $296,731 compared with $127,336 for the three
months ended March 31, 2011 ("First Quarter 2011"). That is an
increase of $169,395 or 133% increase for the quarter.
The total assets of the Alliance Creative Group as of 3/31/12
were $5,085,142. The total equity was $1,655,651. The total
outstanding shares as of May 22, 2012 are 8,554,746 with 8,415,221
of those shares in the float. The stock is currently trading around
the 2 cents per share range and the overall company market cap is
around only $200,000.
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, Steven St. Louis, said,
"This is our 10th consecutive quarter with over a million dollars
in revenue and our earnings per share for 2012 are estimated to be
between 12 and 14 cents a share. We have consistently been growing
our core businesses of printing, packaging and marketing so we have
been looking for a larger office location, have been interviewing
to add some quality members to our growing team and have been
looking into purchasing some additional equipment and resources to
help our growth continue. We plan to leverage our current success
to create long-term sustainable growth. We are also still
aggressively searching 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
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
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 Alliance Creative
Group, Inc. 1-847-885-1800 ext 6 info@AllianceCreativeGroup.com
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