Alliance Creative Group (ACGX) Releases Shareholder Letter and Announces Reverse Stock Split
23 August 2019 - 12:45AM
InvestorsHub NewsWire
Alliance Creative Group
(ACGX) Releases Shareholder Letter and Announces Reverse Stock
Split
Chicago, IL --
August 22, 2019 -- InvestorsHub Newswire -- Alliance
Creative Group, Inc., a Nevada corporation (the “Company”)
(http://www.AllianceCreativeGroup.com) (Stock
Symbol OTC: ACGX) announced the
effectiveness of its reverse stock split (the “Reverse Split”).
Under the terms of the Reverse Split, for each four thousand
(4,000) shares of the Company’s existing Common Stock (the “Old
Shares”) will be exchanged for one (1) (new) share of the Company’s
Common Stock (the “New Share”). Fractional shares will be
rounded up to the nearest whole number of shares.
The Reverse Split becomes effective as of the market open on August
23, 2019 and as a result the Company will have less than 600,000
common outstanding shares after the Reverse Split.
The Company also issued a detailed shareholder letter to help
clarify any confusion related to any of the recent Company actions
or disclosures. The full letter is 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 under filings.
Paul Sorkin, COO and General Counsel of the
Alliance Creative Group, Inc., said “The Company has gone through
multiple changes these last few years. Some of those changes
have been positive and some negative but we have learned from
everything and we believe the difficult choices we have made will
provide for a better potential future for all shareholders.
The last time the Company reversed the stock was almost 9 years ago
and this the Reverse Split was only undertaken after significant
discussions and multiple evaluations over a period of several
months wherein many alternatives were explored and evaluated with a
full review of the potential pros and cons for the Company and
shareholders. However, due to multiple factors, including but
not limited to, up-listing requirements, clearing house parameters,
market maker potential involvement, shareholder visibility,
potential liquidity, potential future investors, potential future
acquisitions, and general market conditions the Company believes
the Reverse Split was the best available option for the Company and
shareholders. Given these considerations, we are hopeful that
the Reverse Split may, if circumstances and market conditions
allow: (a) create a more favorable position for the Company; (b)
allow the Company’s common stock to become a more attractive
investment vehicle; (c) allow the Company’s Common Stock to achieve
a more sustainable value in the market; (d) allow the Company to
generally utilize its Common Stock in making acquisitions (if
circumstances and market conditions allow); and (e) better create a
more sustainable trading market for the Company’s Common
Stock that may better facilitate the maximization of
shareholder wealth. During the 1st and 2nd Quarters of 2019 we were
able to improve our gross profits and internal efficiencies.
There is no guarantee we can continue these improvements, however,
we are prepared to re-focus on growing some of our core
competencies. We believe we are re-positioned well to
evaluate future opportunities and will inform the public as more
things are completed or decided. Based upon recent trading
levels we believe the stock is deeply undervalued.”
About Alliance Creative Group, Inc.
Alliance Creative Group, Inc. (Stock Symbol: ACGX) is a small Packaging
Solutions Company focused on Retail Packaging and Packaging
Management. The Company helps its clients from initial
concept and packaging development through final production and
managed inventory solutions. The Company’s core business has been
around since 1997. The Company is primarily focused 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.
The Company has expertise that allows it to provide high-quality
packaging and printed products. Overall the Company experience
includes very hands-on operational support out of 8 different
warehouse locations and several national and international
manufacturing partners. The Company seeks to provide 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 seeks to become an industry leader in the growth market
of incubators and co-working 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 co-working 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
FORWARD-LOOKING STATEMENTS
DISCLAIMER
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 OTC Markets.
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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