Posted By: Paul Sorkin
ALLIANCE CREATIVE GROUP, INC. AMENDS IT’S ARTICLES OF INCORPORATION & IT’S CERTIFICATE OF DESIGNATION FOR SERIES G PREFERRED STOCK
CHICAGO, IL -- (SYMBOL: “ACGX”), September 18, 2019, Alliance Creative Group, Inc., a Nevada corporation (the “Company,” “we,” and “our”) announced that the Company amended both: the Company’s Articles of Incorporation and the Company’s Certificate of Designation of Preferences for the Company’s Series G Preferred Stock, as follows:
(A) We amended the Company’s Articles of Incorporation to reduce the amount of our authorized Common Stock (par value $0.0001) to eight (8) million shares.
(B) We amended the Company’s Certificate of Designation of Preferences for our Series G Preferred Stock (par value $0.0001) (the “Certificate”) so that, as amended, the rights of the holders of the Series G Preferred Stock, are as follows:
- Section (c.) of the Certificate has been amended so that in the event of any Liquidation, the holders of each share of the Series G Preferred Stock are entitled to only one (1) share of the Company’s Common Stock;
- Section (d.) of the Certificate has been amended to reduce the conversion rights of the Series G Preferred Stock so that each share is convertible into one (1) share of the Company’s Common Stock;
- Section (e.) of the Certificate has been amended to reduce the voting rights of the Series G Preferred Stock so that each share is entitled to one (1) vote per share.
The amendments were duly approved and reflect the determination of our Board of Directors to undertake appropriate actions that may serve to support and build value for our Common Stockholders.
Overall, we believe that as a result of these actions and if circumstances and market conditions allow, we may be better able to create and sustain a stronger shareholder value proposition for the holders of our Common Stock. Historically we have followed a policy of reinvesting any profits that we generate to ensure that we add strength to our financial condition. We intend to continue this policy absent a dramatic change in our business. The two amendment actions cited above and our recent reverse stock split (that resulted in the Company reducing the number of Common Stock outstanding to around 600,000 shares) may serve to allow us to achieve and sustain a stronger trading market and a better stock trading level for our Common Stock assuming that our circumstances and market conditions allow. We are a small company and we face all the risks and uncertainties of a small business.
Paul Sorkin, COO and General Counsel of the Alliance Creative Group, Inc. said “We believe these amendments will allow the Company to present a more desirable structure to attempt to have future conversations with potential strategic partners, investors, and/or acquirers and increase our ability to evaluate more future opportunities that may position the company, our investors, and shareholders in a way to create more future value.”
About Alliance Creative Group, Inc.
Alliance Creative Group, Inc. (Stock Symbol: ACGX) is a 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.
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
THIS PRESS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS". FORWARD-LOOKING STATEMENTS ARE STATEMENTS CONCERNING ESTIMATES, PLANS, OBJECTIVES, GOALS, STRATEGIES, EXPECTATIONS, INTENTIONS, PROJECTIONS, DEVELOPMENTS, FUTURE EVENTS, PERFORMANCE OR PRODUCTS, UNDERLYING (EXPRESSED OR IMPLIED) ASUMPTIONS AND OTHER STATEMENTS THAT ARE OTHER THAN HISTORICAL FACTS. IN SOME CASES FORWARD-LOOKING STATEMENTS CAN BE IDENTIFIED BY THE USE OF FORWARD-LOOKING WORDS SUCH AS “ESTIMATED,” "BELIEVES," "EXPECTS," "MAY," "WILL," "SHOULD," OR "ANTICIPATES," OR THE NEGATIVE OF THESE WORDS OR OTHER VARIATIONS OF THESE WORDS OR COMPARABLE WORDS, OR BY DISCUSSIONS OF PLANS OR STRATEGY THAT INVOLVE RISKS AND UNCERTAINTIES. MANAGEMENT WISHES TO CAUTION THE READER THAT THESE FORWARD-LOOKING STATEMENTS, INCLUDING, BUT NOT LIMITED TO, STATEMENTS REGARDING THE COMPANY AND ITS PLANS OR INTENTIONS, ESTIMATES, GOALS, COMPETITIVE TRENDS DIVIDEND POLICY, AND OTHER MATTERS THAT ARE NOT HISTORICAL FACTS ARE ONLY PREDICTIONS. NO ASSURANCES CAN BE GIVEN THAT SUCH PREDICTIONS WILL PROVE CORRECT OR THAT THE ANTICIPATED FUTURE RESULTS WILL BE ACHIEVED. ACTUAL EVENTS OR RESULTS MAY DIFFER MATERIALLY EITHER BECAUSE ONE OR MORE PREDICTIONS PROVE TO BE ERRONEOUS OR AS A RESULT OF OTHER RISKS FACING THE COMPANY. FORWARD-LOOKING STATEMENTS SHOULD BE READ IN LIGHT OF THE CAUTIONARY STATEMENTS SET FORTH IN OUR FILINGS ON OTC MARKETS AND THE RISKS ASSOCIATED WITH A SMALL PUBLIC COMPANY THAT HAS LIMITED ASSETS AND OPERATIONS, THE COMPARATIVELY LIMITED FINANCIAL RESOURCES OF THE COMPANY, THE INTENSE COMPETITION THE COMPANY FACES FROM OTHER ESTABLISHED COMPETITORS, AND THE LEGAL UNCERTAINTIES THAT DIRECTLY AND INDIRECTLY IMPACT SMALLER COMPANIES. ANY ONE OR MORE OF THESE OR OTHER RISKS COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THE FUTURE RESULTS INDICATED, EXPRESSED, OR IMPLIED IN SUCH FORWARD-LOOKING STATEMENTS. WE UNDERTAKE NO OBLIGATION TO UPDATE OR REVISE ANY FORWARD-LOOKING STATEMENT TO REFLECT EVENTS, CIRCUMSTANCES, OR NEW INFORMATION AFTER THE DATE OF THIS PRESS RELEASE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED OR OTHER SUBSEQUENT EVENTS.
For further information contact:
Paul Sorkin, Chief Operating Officer
Alliance Creative Group, Inc.