Friday, April 07, 2017 3:49:37 PM
CHICAGO, IL / ACCESSWIRE / April 3, 2017 / Alliance Creative Group, Inc., (http://www.AllianceCreativeGroup.com) (OTC PINK: ACGX) is excited to Announce that Q1 2017 (The quarter ending March 31, 2017) produced a record amount of total revenue for the Company. The full details will be included in the company's next Quarterly report posted to the OTC Markets website.
The Company had their annual earnings call Thursday, March 30, 2017 to discuss the year ending December 31, 2016 and their plans for 2017 and beyond - the full recording can be listened to at www.ACGX.us under the Investor section or at http://alliancecreativegroup.com/page/Investor-Relations
The key highlights from the annual earnings call include:
1: Company Achieved Record Revenues in Q4' 2016
2: Company Achieved Record Gross Profits in Q4' 2016
3: Total 2016 Annual Gross Profits up about $400,000
4: Total Convertible Debt reduced by about $500,000
5: Increased 2017 Estimated Projections for total revenue by about 50% to $18,000,000.
6: Total Company Balance Sheet Assets are almost $6,000,000
ACGX's full financial statement, balance sheet, cash flow statement, stockholder equity and information, and disclosure statements is posted on the OTC Market Company website ( www.OTCmarkets.com) under the stock symbol ACGX in "Filings and Disclosure" (left column). These materials are also available on www.ACGX.us under "Investor Relations" (top right).
"Our team has put in a lot of time, effort, and money to create a solid foundation to build off of these last few years. We continue to make a lot of positive progress and have been able to see the benefits of our hard work these last few months. I am very proud of the sacrifices everyone has made to get us to this point and believe we have some very positive days ahead of us," Paul Sorkin, COO & General Counsel of ACG, explains. "We understand that with all opportunities come additional challenges and we are prepared to handle the issues that come with growth. Our business model has been built on a shared resources concept to provide us with the necessary support as we add more customers, vendors and employees. We are projecting a 50% increase in revenues for 2017 compared to 2016 and if we are able to execute our business plans we hope to continue an accelerated growth rate in 2018 and beyond. We will also continue looking for new ways to create long-term value for our shareholders, investors, and employees and will update the public as things progress."
Recent ACGX News
- Alliance Creative Group (ACGX) Releases Q2 2024 Financial and Disclosure Report with an increase of over $130,000 in Net Income from Q2 2023 to Q2 2024 • InvestorsHub NewsWire • 08/14/2024 12:30:00 PM
- Alliance Creative Group (ACGX) Releases Q1 2024 Financial and Disclosure Report with an 88% increase in Net Income from Q1 2023 to Q1 2024 • InvestorsHub NewsWire • 05/15/2024 12:30:00 PM
- Alliance Creative Group (ACGX) Releases 2023 Annual Financial and Disclosure Report - PeopleVine's revenue increased by 100% in 2023 • InvestorsHub NewsWire • 04/01/2024 12:00:00 PM
- Alliance Creative Group (ACGX) Reports Third Quarter of 2023 Financials • InvestorsHub NewsWire • 11/15/2023 01:00:00 PM
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