Alliance
Creative Group (ACGX) Reports Total Revenue of $10,776,696 for 2019
with Gross Profit of $2,800,602
Net
Income for 2019 was $187,926
Chicago,
IL -- April 1, 2020 -- 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 December 31, 2019 and the
2019 Annual Financials.
Revenues for the
quarter ending December 31, 2019 ("Q4 2019") were
$2,694,211
Revenues for the
year ending December 31, 2019 ("2019") was $10,776,696
Gross
Profits for the quarter ending December 31, 2019 ("Q4 2019") were
$735,858
Gross
Profit for the year ending December 31, 2019 ("2109") was
$2,800,602
Net
Income for the quarter ending December 31, 2019 ("Q4 2019") were
$140,806
Net
Income for the year ending December 31, 2019 ("2109") was
$187,926
The
total assets on the Balance Sheet for the Alliance Creative Group
as of 12/31/19 were $5,025,601.
The
total outstanding common shares as of December 31, 2019 were
651,044 with 625,456 of those shares in the float.
The
Company ended the quarter and year with $87,188 in the
bank.
Total
Stockholder Equity as of 12/31/19 was $2,494,258
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. Majority of the reduction
in total revenues in 2019 compared to 2018 is due to the
transitioning and discontinuing of the Primary Trucking and Rapid
Freight Solutions services.
Steve
St. Louis, CEO of the
Alliance Creative Group, Inc., said, "Like most companies we are
dealing with many unknowns at this time. We are attempting to
mitigate and reduce expenses to prepare for any challenges moving
forward. We are moving our headquarters (office and
warehouse) by April 30th to consolidate 3 local warehouses into 1
and reducing the overall expenses. We are adding more
controls to limit our drivers movements as well as reduce fuel
costs and have purchased new inventory software to become more
efficient. I don't want to make any detailed predictions
related to future numbers at this time but the new location will
allow us to continue to expand our fulfillment and e-commerce pick
& pack capabilities, which doubled in 2019 and we believe we
can double that portion of our business again in 2020. We
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.
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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