Alliance
Creative Group (ACGX) Reports Total Revenue of $2,350,457 for First
Quarter of 2020 with Gross Profit of $576,034.
Move
to new office and warehouse completed to create more
efficiency
Chicago,
IL -- May 14, 2020 -- InvestorsHub NewsWire
-- 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 March 31,
2020.
Revenues for the
quarter ending March 31, 2020 ("Q1 2020") were
$2,350,457
Gross
Profits for the quarter ending March 31, 2020 ("Q1 2020") were
$576,034
Net
Income for the quarter ending March 31, 2020 ("Q1 2020") were
$19,593
The
total assets on the Balance Sheet for the Alliance Creative Group
as of 03/31/20 were $5,049,597.
The
total outstanding common shares as of March 31, 2020 ("Q1 2020")
were 716,044 with 690,456 of those shares in the
float.
The
Company ended the quarter and year with $9,031 Cash on
hand.
Total
Stockholder Equity as of 03/31/20 was $2,458,481
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, "Like most companies
in the world today we are still dealing with some very unique
situations. However, we have been very aggressive with
cutting costs and creating new efficiencies. We completed our
move into a new main office and warehouse facility that provides us
more space for less money. With the new
warehouse we will be focusing more on fulfillment and leveraging
having more things under 1 roof while improving the ROI of our
internal trucks and deliveries. Fortunately we have been able
to maintain a decent percent of our core business and have
continued most of our operations in a safe way. I believe
that with the help of the PPP and other resources we should be able
to maintain a reasonable amount of business in 2020 and return to
growth in 2021.``
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 8 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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For
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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.
Investor
Relations and Media Contact
1-847-885-1800
Info@ACGemail.com