Alliance Creative Group Inc (ACGX)

[Vermicious Knid]

No Reverse Split
Paul Sorkin, COO and General Counsel of the Alliance Creative Group, said “This Quarter included many positive changes but also caused some confusion in the market. The confusion began and rumors started to spread due to the fact that the stock has been trading below a penny and for a company to uplist to the OTCQB it must trade above a penny for 30 days. Therefore, if a company wants to become a fully reporting audited company and to uplist to the OTCQB they either need to trade above a penny or consider reversing the stock to get above a penny. Our current and original plans and desires were and are ideally to get to the OTCQB without a reverse. We believe the potential negative effects of a near-term reverse has given the shorters too much power and control to drive down our stock. Therefore, we are clarifying our position that we are not reversing the stock at this time. We will continue to work on the 2 years of PCAOB audits for 2016 and 2017, and future 10Q filings, while we evaluate all of our options for uplisting to a higher exchange. We will also discuss different ways to raise capital to execute and expand our current and future business plans.