looks good for growth in 2021, especially after the latest report showing solid revenues and a gross profit last year which was a very difficult time due to the covid pandemic and all its economic impacts. The comapany should be able to expand on its existing success and see significant improvement in 2021. Alliance Creative Group (ACGX) Reports Total Revenue of $2,456,200 for Fourth Quarter of 2020 with Gross Profit of $628,712.
2020 Annual Revenue was $9,344,030 and Net income was $205,267 for the year of 2020
CHICAGO, March 29, 2021 /PRNewswire/ -- 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, 2020.
Revenues for the quarter ending December 31, 2020 ("Q4 2020") were $2,456,200
Gross Profits for the quarter ending December 31, 2020 ("Q4 2020") were $628,712
Net Income for the quarter ending December 31, 2020 ("Q4 2020") were $17,906
Revenues for the year ending December 31, 2020 ("2020") were $9,344,030
Gross Profits for the year ending December 31, 2020 ("2020") were $2,391,140
Net Income for the year ending December 31, 2020 ("2020") were $205,267
The total assets on the Balance Sheet for the Alliance Creative Group as of 12/31/20 were $3,530,474.
The total outstanding common shares as of December 31, 2020 ("Q4 2020") were 1,393,044 with 1,002,456 of those shares in the float.
The Company ended the quarter and year with $17,699 Cash on hand.
Total Stockholder Equity as of 12/31/20 was $1,276,212
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.
Steve St. Louis, CEO of the Alliance Creative Group, Inc., said, "With all the challenges we have faced in 2020 I am very proud of our team to be able to basically maintain most of our revenues and increase our profits while paying down short-term liabilities. As things stabilize overall we will evaluate all options and ideas to continue to improve the overall business and look for strategic partners or opportunities to make 2021 a better year for everyone."
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 6 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.
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SOURCE Alliance Creative Group, Inc.