Company still in the process of completing PCAOB audits for
last 2 years
CHICAGO, IL -- November 15, 2018 -- InvestorsHub NewsWire --
Alliance Creative Group, Inc. (AllianceCreativeGroup.com) (OTC:
ACGX) is pleased to announce the results of Operations for the
Three Months ended September 30, 2018.
Revenues for the quarter ending September 30, 2018 (“Q3 2018”)
were $3,341,012 compared to $4,550,757 for the quarter ending
September 30, 2017 (“Q3 2017”) or a decrease of $1,209,745 or 26.6%
due to the discontinuation of the trucking services.
Gross Profits for the quarter ending September 30, 2018 (“Q3
2018”) were $941,758 compared to $802,550 for the quarter ending
September 30, 2017 (“Q3 2017”) or an increase of $139,208 or
17.3%.
Net Incomes for the quarter ending September 30, 2018 (“Q3
2018”) were $881,060 compared to $32,025 for the quarter ending
September 30, 2017 (“Q32017”) or an increase of $849,035 or 2,651%
increase.
The total assets on the Balance Sheet for the Alliance Creative
Group as of 09/30/18 were $6,799,005 up from $6,431,666 from
09/30/17. An increase of $367,339 or 5.7%.
The total outstanding common shares as of September 30, 2018
were 2,041,394,535 with 1,941,073,560 of those shares in the
float.
The Company ended the quarter with $146,486 in the bank.
The Total Stockholder Equity as of 9/30/18 is $3,766,474.
The financial statements ending September 30, 2018 are posted
on 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. The information includes:
Balance sheets, Statements of Operations, and Statements of cash
flows.
The Company is still in the process of having their audits for
the years ended 2017 and 2016 completed with the preparation help
of Brio Financial and the PCAOB Auditing firm Ciro E. Adams, CPA,
LLC and have engaged SEC attorney William Aul to advise and/or
complete any potential SEC filings.
Paul Sorkin, COO and General Counsel of the
Alliance Creative Group, said, “We made extremely positive
improvements this Quarter. We continued to shift away from
trucking by selling more trucks and reducing more expenses while
focusing more on the company’s core packaging business. We
made significant financial improvements by increasing our gross
profits by almost $140,000 and increasing the net incomes by almost
$850,000 while reducing our expenses. The revenues were down
due to the discontinued trucking operations, but the most important
bottom line Net Income number set a quarterly record for us. We
believe the changes we are making now will help position us to
leverage synergistic opportunities as we increase our access to
more capital to help increase our overall shareholder value.
The main goals right now are to finish the audits, reduce
more expenses, increase profits, focus more on building up the core
packaging business and supporting the execution of the PeopleVine
business plan. We also believe that with all the recent excitement
in the engagement software industry we believe PeopleVine is
positioned well to continue to grow and help its clients engage
their people while increasing its overall value as a company and as
an investment for us. We will continue to evaluate all of our
options for a potential uplisting along with some different ways to
raise capital to execute and expand our current and future business
plans and we will update the public as we make more decisions.”
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 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 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, 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
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