Alliance Creative Group (ACGX)
Reports Revenue of $2,974,489 for Second Quarter of
2022
Quarterly Revenues Increased $354,699
compared to 2021 for a 13.5% increase
Chicago, IL -- August 12, 2022 -- 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 Ending June 30, 2022.
Revenues for the quarter ending June 30, 2022 ("Q2 2022")
were $2,974.489
Gross Profits for the quarter ending June 30, 2022 ("Q2
2022") were $568,156
Net Income for the quarter ending June 30, 2022 ("Q2 2022")
were -(86,044)
The total assets on the Balance Sheet for the Alliance
Creative Group as of 06/30/22 were $4,099,779.
The total outstanding common shares as of June 30, 2022 ("Q2
2022") were 2,604,211 with 1,648,971 of those shares in the
float.
The Company ended the quarter with $40,630 Cash on
hand.
Total
Stockholder Equity as of 06/30/22 was $1,504,776
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.
Steve St. Louis, CEO of the
Alliance Creative Group, Inc., said, "Q2 saw an increase in revenue
but also included an increase in our cost of
goods. Inflation is hurting our
business but we are positioned well to push through these
challenging times and maintain and grow our business while we wait
for better overall future economic times.
We have increased our kitting and fulfillment revenues again
this quarter and are in discussions to continue to expand that side
of the business.
St. Louis, also
said, we have previously stated that we have been evaluating all
business options for ACGX and one of those opportunities was to
possibly enter into a transaction to allow a faster growing company
to acquire ACGX to potentially create more future value for our
shareholders. Unfortunately, that
specific group that expressed interest has decided not to proceed
with a transaction and we will not be moving forward with
them. However, now that we have
gone through the due diligence process with them and better
understand the current market conditions we are going to continue
to engage in other conversions with other possible groups to see if
we can complete a deal in the future.
We will update the public if or when we are able to make any
significant progress with any other groups and/or close a
transaction."
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 6
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
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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
1-847-885-1800
Info@ACGemail.com