Alliance Creative Group (ACGX) Reports Total Revenue of $2,535,734 for Q1 2019 with total assets over $7,000,000
May 14 2019 - 8:00AM
InvestorsHub NewsWire
Alliance Creative Group
(ACGX) Reports Total Revenue of $2,535,734 for Q1 2019 with total
assets over $7,000,000
Revenue
reduction due to discontinued trucking
business
Revenues for the quarter ending March 31, 2019
(“Q1 2019”) were $2,535,734
Gross Profits for the quarter ending
March 31, 2019 (“Q1 2019”) were $727,768
Net Income for the quarter ending
March 31, 2019 (“Q1 2019”) were 32,340
The total assets on the Balance
Sheet for the Alliance Creative Group as of 3/31/19 were
$7,158,344.
The total outstanding common shares
as of March 31, 2019 were 2,193,538,213 with 2,098,651,682 of those
shares in the float.
The Company ended the quarter with $109,418 in the bank.
Total Stockholder Equity as of 3/31/19 was
$4,094,585
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. The reduction in total revenues in Q1
2019 compared to Q1 2018 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 quarter represented a
significant step in our continued transition to reduce our trucking
business and increase our focus on fulfillment and packaging
services. The revenue was reduced due to the discontinued
trucking business but so were the expenses. We improved our
gross profit and general expense ratios and are positioning
ourselves to actively pursue the growth and expansion of our core
competency and more focused value proposition. As we continue
to evaluate all our future options we have put a higher priority on
reducing our future risks and expenses. We are also trying to
improve our cash flows to become more desirable for potential
future lenders or investors. We understand we are progressing
slower than we originally planned however we are making progress
overall and hope to improve our future opportunities for everyone
and will share updates as they become available.”
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
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