Alliance Creative Group (ACGX) Announces the Removal of their DTCC
Deposit Chill
CHICAGO, Nov. 1, 2012 /PRNewswire/ -- Alliance
Creative Group, Inc., (http://www.AllianceCreativeGroup.com) (Stock
Symbol: ACGX.pk) is pleased to announce the removal of the DTCC
Deposit Chill on its stock and the amending of the terms of the
company's preferred stock to benefit current shareholders.
Attorney Simon Kogan represented
the company and was able to help clear up any confusion by sharing
all requested documentation with The Depository Trust &
Clearing Corporation (DTCC) and getting the chill lifted so the
company can resume accepting deposits and book-entry transfer
services.
CEO of the Alliance Creative Group, Steven St. Louis, said, "Our attorney
Simon Kogan deserves a lot of credit
for helping us resolve this very frustrating and unfortunate
situation. Now that we have resolved this issue we are going
to continue working on growing the business and increasing
shareholder value. In a significant step to improve
shareholder value we are amending our Preferred Stock rights from
1000 to 1 voting and conversion rights to 25 to 1. There are
5 million outstanding preferred shares, however we have not
converted any preferred stock into common shares and have no plans
to do so at this time." St. Louis went on to say, "Our Q3 #s
will be released around the middle of November and we will be
adding more detailed updates and disclosures in our 3rd
Quarter reports that will be posted on the OTC
Markets."
About Alliance Creative Group, Inc.
ALLIANCE CREATIVE GROUP, Inc. (Stock Symbol: ACGX) is a
printing, packaging and brand management marketing company.
The Alliance Creative Group utilizes shared resources to create
efficiencies between their projects and internal divisions to
create quality results and long-term partnerships. The core
business areas include creative and design services, printing and
packaging, product fulfillment & logistics and strategic
marketing. www.AllianceCreativeGroup.com
About Simon Kogan, ESQ
Mr. Kogan is a senior litigator with over 20 years of
experience in complex cases from inception to trial and beyond. He
has personally managed dozens of arbitration and related matters
for both brokers and public customers and generated over
$400,000 per year in annual billings.
Mr. Kogan has a long history as a partner in boutique securities
firm where he developed and maintained the firm's intranet and use
of technology for litigation support. Through his private practice
and in cooperation with other lawyers, Mr. Kogan handles civil
litigation and private securities matters, including private
placements and reverse mergers. From 1993-95, Mr. Kogan taught
legal writing as an Adjunct Professor of Law at New York Law
School.
For Mr. Kogan's website please go to
http://mysite.verizon.net/vzexoxyk/simonskoganesqattorneyatlaw/.
To contact via email simonkogan@verizon.net or via phone
718-984-3789.
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.
Investor Relations and Media Contact
1-847-885-1800 ext 6
info@AllianceCreativeGroup.com
SOURCE Alliance Creative Group, Inc.
