ACGX - Announces No Reverse Split and Revenues for The Quarter Ending March Were Over $5M
May 22 2018 - 10:48AM
InvestorsHub NewsWire
ACGX – Announces
No Reverse Split and Revenues for The Quarter Ending March Were
Over $5M
Vancouver, Canada -- May 22, 2018 -- InvestorsHub NewsWire
-- www.penniesgonewild.com -- a leading independent
micro-cap media portal with an extensive history of providing
unparalleled content for undervalued companies, reports on Alliance
Creative Group, Inc.(OTC Pink: ACGX).
Highlights:
No Reverse Split
Revenues
ACGX may not be at these levels much
longer.
See more news on ACGX at https://www.otcmarkets.com/stock/ACGX/profile
ALLIANCE CREATIVE GROUP, INC. (Stock Symbol:
ACGX) Alliance Creative Group, Inc. (Stock Symbol:
ACGX) is a full-service product development agency that focuses
on Product Development, Logistics/transportation, Digital Marketing
& Engagement, and Software Development. Alliance has been
helping its clients connect their products and services to their
customers since 1997. The core business areas include creative
& design services, printing & packaging, brand &
product development, fulfillment, logistics and transportation,
strategic consulting, digital marketing & engagement, and
software development. PeopleVine is a consolidated platform that
allows businesses to build more personal relationships with their
customers at scale. PeopleVine seamlessly brings together the tools
needed to market, sell, and operate a business with streamline
efficiencies in a customer engagement suite and enables businesses
to make data informed decisions to help generate revenue growth.
PeopleVine is becoming an industry leader in the growth market of
incubators and coworking spaces. Our platform is used by the best
in the industry, from 1871 and mHub, to Daymond John's Blueprint +
Co. These clients need a robust platform to manage and engage with
their members and PeopleVine supports them in this effort. In
addition to these incubators and coworking spaces, PeopleVine also
works with United Airlines, Chick-fil- a, and Bosch.
No Reverse Split
Paul Sorkin, COO and General Counsel of the
Alliance Creative Group, said “This Quarter included many positive
changes but also caused some confusion in the market. The
confusion began and rumors started to spread due to the fact that
the stock has been trading below a penny and for a company to
uplist to the OTCQB it must trade above a penny for 30 days.
Therefore, if a company wants to become a fully reporting
audited company and to uplist to the OTCQB they either need to
trade above a penny or consider reversing the stock to get above a
penny. Our current and original plans and desires were and
are ideally to get to the OTCQB without a reverse. We believe the
potential negative effects of a near-term reverse has given the
shorters too much power and control to drive down our stock.
Therefore, we are clarifying our position that we are not
reversing the stock at this time. We will continue to work on the 2
years of PCAOB audits for 2016 and 2017, and future 10Q filings,
while we evaluate all of our options for uplisting to a higher
exchange. We will also discuss different ways to raise
capital to execute and expand our current and future business
plans. We have released a more detailed shareholder letter to
address other areas of possible confusion related to our trucking
companies, the structure and value of PeopleVine, overall 2018
projections, and other misc. We greatly appreciate all of our
supportive long-term shareholders and will continue to try to find
ways to improve the Company’s stock price - One important way at
this time is to NOT reverse the stock - so we will NOT be reversing
the stock at this time.” https://www.otcmarkets.com/stock/ACGX/news/Alliance-Creative-Group-ACGX-Reports-Q1-18-Revenue-Above-5000000-and-Confirms-Not-Reversing-Stock?id=192432
Revenues
Alliance Creative Group, Inc. (AllianceCreativeGroup.com) (OTC:
ACGX) is pleased to announce the results of Operations for the
Three Months Ended March 31, 2018. Revenues for the quarter ending
March 31, 2018 (“Q1 2018”) were $5,026
https://www.otcmarkets.com/stock/ACGX/news/Alliance-Creative-Group-ACGX-Reports-Q1-18-Revenue-Above-5000000-and-Confirms-Not-Reversing-Stock?id=192432
Conclusion
See more news on ACGX at https://www.otcmarkets.com/stock/ACGX/profile
Other News:
UPZS- Stock surged over 100% today on revenues news. Looks like
the company is improving quarter to quarter.
GMGI- Continues to be a favorite stock within the trading
community, looks like is setting up new lows and new highs
daily.
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