Alliance Creative Group (ACGX) Reports Total Revenue of $15,339,599 for 2018 with a Net Income of $475,139
March 28 2019 - 7:00AM
InvestorsHub NewsWire
Alliance Creative Group (ACGX) Reports Total Revenue of
$15,339,599 for 2018 with a Net Income of
$475,139
Company focusing more on
its core packaging solutions business in
2019
Chicago, IL --
March 28, 2019 -- InvestorsHub NewsWire -- Alliance
Creative Group, Inc., (http://www.AllianceCreativeGroup.com) (Stock Symbol
OTC: ACGX) is pleased to announce the
results of Operations for the Three Months Ended December 31, 2018
and the 2018 Annual Financials.
Revenues for the quarter ending
December 31, 2018 (“Q4 2018”) were $3,750,842
Total Revenue for the year ending December 31, 2018 (“2018”) was
$15,339,599
Gross Profits for the quarter ending
December 31, 2018 (“Q4 2018”) were $2,053,405
Gross Profits for “2018” were $4,590,011
Net Income for the quarter ending
December 31, 2018 (“Q4 2018”) were $11,074
Net Income for “2018” was $475,139
The total assets on the Balance
Sheet for the Alliance Creative Group as of 12/31/18 were
$7,208,321.
The total outstanding common shares
as of December 31, 2018 were 2,098,651,682 with 1,998,330,307 of
those shares in the float.
The Company ended the quarter with $231,959 in the bank.
Total Stockholder Equity as of 12/31/18 was $4,061,229
The full financial statement, balance sheet, statement of
operations, cash flow statement, and disclosure statements are
posted on the OTC Market Company website at www.OTCmarkets.com
under the stock symbol ACGX in the section for filings and
disclosure and on www.ACGX.us in
the investor relations section. There will not be an earnings
call this year. The reduction in total revenues compared to
2017 is due to the transitioning and discontinuing of the
Primary Trucking and Rapid Freight Solutions services.
The Company is still in the process of completing PCAOB audits of
prior periods and will disclose the report information to the
public when it is completed.
Paul Sorkin, COO and General Counsel of the
Alliance Creative Group, Inc., said “This year included a lot of
transitioning our focus from trucking services back to our core
business of offering packaging solutions to our clients. We
continued to reduce our debt and expenses while creating more
future efficiencies to help us attempt to create a better growth
company in the future. We will continue to evaluate other
opportunities and discuss any and all options for us to create more
future shareholder value. We believe the changes we have been
making and will continue making will better position us to become a
more expandable, scalable, investable company in the future.
We are also very excited about the future potential of
PeopleVine. We were able to add some key clients and features
in 2018 and believe 2019 could be the crucial break-out year we’ve
been working towards.”
CEO of the Alliance Creative Group, Steven St.
Louis, said “We have re-focused more of the company's
resources on our core of being a packaging solutions company.
From this re-focus we have grown our fulfillment solutions and our
clients are finding value in our expanded services. We will
continue to evaluate multiple ways to expand these services in the
future. We believe the reason we have so many long term
relationships is because we offer a very valuable service to our
clients. However, we believe we need to continue improving
our internal processes to help us grow faster in the future. The
team has worked very hard and will continue to work hard to allow
us to leverage our improved foundation to increase our growth rate
while maintaining the highest quality of our services.”
About Alliance Creative Group, Inc.
Alliance Creative Group, Inc. (Stock Symbol: ACGX) is a Packaging
Solutions Company focused on Retail Packaging and Packaging
Management. ACG helps its clients from initial concept and
packaging development through final production and managed
inventory solutions. The core business has been around since
1997. ACG currently focuses mostly on providing solutions for
flexible and clear packaging, folding cartons, vendor managed
inventory supply chain services and fulfillment. Additional
services include but are not limited to corrugated boxes,
commercial printing, labels, and other products and services
related to the printing or packaging of consumer products. ACG’s
team includes experts to provide high-quality packaging and printed
products. The ACG experience includes very hands-on
operational support out of 8 different warehouse locations and
several national and international manufacturing partners.
ACG provides customer support during the entire product process or
cycle including but not limited to creating, warehousing,
delivering, and replenishing their packaging products For more
information, visit www.AllianceCreativeGroup.com or
www.ACGX.us.
About PeopleVine
PeopleVine is a consolidated platform that allows businesses to
build more personal relationships with their customers at
scale. PeopleVine solves the problem businesses have creating
and managing holistic relationships with their customers without
using multiple products that only support a portion of the
relationship building activities. 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 and the Playboy Club. 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.
We are committed to being the most essential and adaptive SaaS
engagement platform for companies that take a customer centric
approach to business.
For more information www.PeopleVine.com
This news release contains forward-looking
statements as defined by the bespeaks-caution doctrine.
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.
Investor Relations and Media
Contact
Paul
Sorkin
1-847-885-1800, ext.
175
Paul@ACGemail.com
Alliance Creative (PK) (USOTC:ACGX)
Historical Stock Chart
From Oct 2024 to Nov 2024
Alliance Creative (PK) (USOTC:ACGX)
Historical Stock Chart
From Nov 2023 to Nov 2024