Alliance Creative Group Inc (ACGX)

[XenaLives]

I tried to warn folks last year ...

Alliance Creative Group (ACGX) Agreed to Amendment and Extension with Largest Debt Holder

Company Also Changes Banking Relationship to Increase Credit Line while Reducing Interest Rate

Nov 08, 2012, 07:30 ET from Alliance Creative Group, Inc.

CHICAGO, Nov. 8, 2012 /PRNewswire/ -- Alliance Creative Group, Inc., (http://www.AllianceCreativeGroup.com) (Stock Symbol: ACGX.pk) is pleased to announce that it has come to terms with its largest debt holder, Golden State Equity Investors, Inc. The parties have amended the terms of the convertible debenture and warrant agreement to settle on all old interest payments, reduce the future interest rate and extend the agreement for 5 years to 2017.

As of October 30, 2012 the Balance on the Prior Advance was $243,123 and the balance on the debenture was $141,812. The old interest rate on the debenture was 7.75%, the new rate will be 3.75%. Upon the exercise of its conversion rights under the debenture Golden State can convert to common shares at a rate of 80% of the past 3 day trading average price. Additionally, as long as the company is not in default of this agreement by June 30, 2013 the judgment against the former CEO, Paul Sorkin, will be deemed to be satisfied in full.

The Company has also changed banks from Centrust, a small local bank, to RBS Citizens, a very large international bank. The change was to help consolidate liabilities while reducing the interest rate significantly and increasing its lending limits.

http://www.prnewswire.com/news-releases/alliance-creative-group-acgx-agreed-to-amendment-and-extension-with-largest-debt-holder-177838241.html

rbd042 Monday, 11/09/09 04:41:10 PM
Re: None 0
Post # 4060 of 92351

Please check out STLK if you have not. Same management. They(Sorkin,etc…) are gonna dilute and R/S and dilute again just like they always do.
Look at STLK tumble despite the fact they are profitable. They have reported earnings of about .011(depending on the O/S which seems to be climbing) for the first half of the year and it is trading at .0050. So less than ½ of ½ year earnings. Everyone knows what these guys are gonna do.

TAKE YOUR PROFITS AND BE HAPPY. GET OUT WHILE THE GETTING IS GOOD.

Just my opinion

Wall $treet Kid Member Level Monday, 11/30/09 02:10:23 PM
Re: RDG013 post# 4263 0
Post #
4275
of 92350
History of IVIT's new aquisition is that it was IMGW-Image magazine et a (Sorkin Company)and merged with St Louis did a ticker change and reverse split. It then sold Image to IVIT

PS Image was a dog that was losing money big time. St Louis was the company that had the revenues and profits.

I think something fishy is happening, with this hustle game of shuffle the shells

Druseljic Wednesday, 12/02/09 03:49:41 AM
Re: flyak27 post# 4299 0
Post # 4301 of 92350

I got the R/S info about IVIT and STLK from Pinksheets.com

Acquiring companies and assets is truly a good thing for a company. I certainly won't dispute that! The way in which this has been done is what bothers me here. One would think that selling shares to raise capital to expand the business is fair business practice - no dispute here either. Selling those shares and maxing out every potential investor dollar and then filing and executing a reverse split multiple times is not, imo.

I have to wonder looking at the history of the companies involved what your investment would be worth if you had bought in to one of his projects several years ago. Ask around and see what value exists to those that believed in IMGW. And while you're at it, just for the heck of it take a look at the last three posts (as of the time I am writing this) on the STLK board -

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=44079255

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=44080804

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=44088530

I appreciate the facts you shared. It is in the best interest to see all sides of the story before you play a pink stock. On this I think we agree.

I wish you the best of luck and hope IVIT will live up to your idea of shareholder value more than it did with those who believed in and went long on IMGW or those who have invested so far with STLK. Take care!

Druseljic Monday, 12/28/09 05:13:20 PM
Re: PennyStockMania post# 4689 0
Post # 4690 of 92350

Now the last was an excellent post. If you choose to buy, buy! Good luck.

As for your other response:

The revenue PR has been cycled through IMGW which led its investors into a massive R/S claiming to boost shareholder value. And as IMGW holders were turned into STLK holders by the reverse merger/split another PR claimed the same revenue for STLK which just happened to get absorbed by IVIT and now claims the same revenues. A pattern is emerging. Now as for it being fluff, ask the holders of IMGW or the current holders of STLK - it sure has not given them a return on any money invested. In just over a year the holders of Paul Sorkin's stock have suffered massive losses. I simply cannot believe there is anything changing here but the same old scheme repeating itself with a new face. The shady way the revenue for this company has come about should not go unnoticed.

MONEYMADE Monday, 12/28/09 10:48:14 PM
Re: Druseljic post# 4690 0
Post # 4701 of 92350

Can you say "$6M audited???"

STL Marketing Group (STLK) Completes Audit of Acquisition and Confirms Revenues of Almost $6 Million, Gross Profits Over $1 Million and Net Income of About $200,000 in 2008


Audit Results Confirm Substantial Revenues and Profits

CHICAGO, IL, Oct 01, 2009 (MARKETWIRE via COMTEX) -- STL Marketing Group (PINKSHEETS:) has completed the audit of its acquisition, St. Louis Packaging, Inc. and STL Graphics Group. The voluntary audit was completed by Veraja-Snelling and Company, headquartered in Illinois with over 20 years of audit and fraud prevention experience. The purpose of the audit was to verify the 2008 revenues and profits for St. Louis Packaging and STL Graphics Group prior to the acquisition that was completed on Feb 1, 2009.
The audit results showed $5,952,051 in revenues, $1,074,280 in total gross profit and $188,436 in Net Income for St. Louis Packaging and STL Graphics Group in 2008 prior to the acquisition, which took place on Feb 1, 2009. IMAGE Worldwide, Inc. had total revenues of $1,975,191 with a loss of $367,387 in 2008 prior to the acquisition.

During the last few months the company has been restructuring its divisions, operating model, and future business plans along with a new mission, vision, and budget for the company. Certain products, services, and expenses have been eliminated and others adjusted to become more competitive and to create the best synergy with the remaining divisions.

The new mission for STL Marketing Group is a commitment to brand movement through four distinct vehicles: creative and design services, packaging and supply solutions, printing and mailing, and event production and promotion. These core business units allow for supply chain synergy and a one-stop shop approach for clients to achieve their strategic communications objectives. Vertical integration and cross promotion between company sectors allows STL Marketing Group the ability to share key resources, maximize efficiencies, and utilize economies of scale. These components improve buying power for the corporation and increase value for clients and shareholders.

The new STL Marketing Group will utilize a blend of products, services, and relationships to create an extraordinary customer experience and foster unbounded company growth. The new and improved company will still produce the lifestyle and fashion magazine, IMAGE Chicago, but is no longer involved with Club Oasis or All Pro Networks.

CEO Steve St. Louis said, "We are very excited about completing this audit and our internal restructuring. We consolidated many of our expenses and are looking forward to executing our business plans. We are also actively seeking acquisitions of businesses that are synergistic with our business plan to help utilize the economies of scales and improve the bottom-line; we will explore all ways that can help us build our Company and maximize its shareholders' value for the future."

About STL Marketing Group

STL Marketing Group is committed to brand movement through four distinct vehicles: creative and design services, packaging and supply solutions, printing and mailing, and event production and promotion. These core business units allow for supply chain synergy and a one-stop shop approach for clients to achieve their strategic communications objectives. Vertical integration and cross promotion between company sectors allows STL Marketing Group the ability to share key resources, maximize efficiencies, and utilize economies of scale. These components improve buying power for the corporation and increase value for clients and shareholders.

STL Marketing Group will utilize a blend of products, services, and relationships to create an extraordinary customer experience and foster unbounded company growth. www.STLmarketingGroup.com

About St. Louis Packaging

St. Louis Packaging has been a distributor for packaging supplies for over 12 years and currently offers over 10,000 quality products from well known and trusted brands like 3M, Sealed Air, Intertape, Rubbermaid, Ivex and many more. St. Louis Packaging also offers inventory management services, along with all custom cartons, bags and displays. www.StlouisPackaging.com

About STL Graphics Group

STL Graphics group is a print and mailing distributor that offers design support, web, sheet-fed, digital printing and mailing services. www.STLgraphicsgroup.com

About IMAGE Chicago Magazine

IMAGE Chicago Magazine is an entertainment and lifestyle magazine that focuses on everything in fashion and entertainment for the Windy City. IMAGE provides its readers with the latest on what's hot today and what will be tomorrow. IMAGE features the best in celebrity interviews, editorial content on fitness, fashion, beauty, music, relationships and more, along with some incredible fashion spreads and photo galleries. By using both print and online media IMAGE has created an interactive relationship with its readers and continues to inform and entertain. www.ImageChicago.com

This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plan, 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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SOURCE: STL Marketing Group



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