ALLIANCE CREATIVE GROUP (ACGX) RELEASES FINANCIALS FOR Q1’17 - REVENUES UP 92% COMPARED TO Q1’16
Net Income Increases by over $440,000 compared to same quarter last year
CHICAGO, IL - Alliance Creative Group, Inc. (AllianceCreativeGroup.com) (OTC: ACGX) is pleased to announce the results of Operations for the Three Months Ended March 31, 2017.
Revenues for the quarter ending March 31, 2017 (“Q1 2017”) were $5,116,436 compared to $2,665,798 for the quarter ending March 31, 2016 (“Q1 2016) or an increase of $2,450,638 or 92% increase.
Gross Profits for the quarter ending March 31, 2017 (“Q1 2017”) were $1,880,224 compared to $634,671 for the quarter ending March 31, 2016 (“Q1 2016) or an increase of $1,245,553 or 196% increase.
Net Incomes for the quarter ending March 31, 2017 (“Q1 2017”) were $392,656 compared to a loss of (-$51,178) for the quarter ending March 31, 2016 (“Q1 2016) or an increase of $443,834.
The total assets on the Balance Sheet for the Alliance Creative Group as of 3/31/17 were $7,019,459.
The total outstanding common shares as of March 31, 2017 were 1,238,961,054 with 1,108,640,079 of those shares in the float.
Company ended the quarter with $168,832 in the bank.
The full financial statement, balance sheet, cash flow statement, stockholder equity and information and disclosure statements are posted on the company's website at AllianceCreativeGroup.com or www.ACGX.us under investor relations and on www.OTCmarkets.com under the stock symbol ACGX under the section for filings and disclosure section.
CEO of the Alliance Creative Group, Steven St. Louis, said “Our core business has been around almost 20 years, or about 80 quarters, and this quarter represents our all-time high in revenue and profits. We are very proud of our team but we also very excited about the opportunities ahead of us.”
Paul Sorkin, COO and General Counsel, said “This Quarter represents a significant milestone in the execution of our business plans but also represents a new floor to leverage and build from. The speed of growth should accelerate after a foundational infrastructure is set so we believe this year and 2018 will be crucial years for us to maximize our opportunities to grow the overall company, reduce our debt, and create additional future opportunities for our investors and employees while increasing shareholder value.”
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.
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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.
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