Alliance
Creative Group (ACGX) Reports Total Revenue of $2,103,920 for
Second Quarter of 2020 with Gross Profit of $532,486.
Net
income was $15,576 for the second quarter of 2020
Chicago,
IL -- August 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 June 30, 2020.
Revenues
for the quarter ending June 30, 2020 ("Q2 2020") were
$2,103,920
Gross
Profits for the quarter ending June 30, 2020 ("Q2 2020") were
$532,486
Net
Income for the quarter ending June 30, 2020 ("Q2 2020") were
$15,576
The total
assets on the Balance Sheet for the Alliance Creative Group as of
06/30/20 were $4,176,569.
The total
outstanding common shares as of June 30, 2020 ("Q2
2020") were 968,044 with 758,154 of those shares in the
float.
The
Company ended the quarter and year with $197,887 Cash on
hand.
Total
Stockholder Equity as of 06/30/20 was $1,698,499
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, "considering all the
challenges we are dealing with on a daily basis I believe we have
performed better than most businesses and are positioned very well
now to be able to weather this storm and come out the other side as
strong or stronger. The new office and warehouse are proving
to be a positive move that has helped reduce our expenses while
improving our efficiency and giving us back more control over the
movement of our local inventory. We also decided to make a
few relevant adjustments on our balance sheet to more appropriately
represent our sellable inventories as well as adjusted some prior
uncollectible receivables and goodwill amounts from older
transactions. I believe the biggest challenges are behind us
and we are positioned well to continue to improve and grow moving
forward."
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 7 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.
About PeopleVine
PeopleVine is a
consolidated platform that allows businesses to build more personal
relationships with their customers at scale. PeopleVine
solves the problem businesses have creating and managing holistic
relationships with their customers without using multiple products
that only support a portion of the relationship building
activities. PeopleVine seamlessly brings together the tools
needed to market, sell, and operate a business with streamline
efficiencies in a customer engagement suite and enables businesses
to make data informed decisions to help generate revenue
growth.
PeopleVine is
becoming an industry leader in the growth market of incubators and
coworking spaces. Our platform is used by the best in the industry,
from 1871 and mHub, to Daymond John's Blueprint + Co and the
Playboy Club. These clients need a robust platform to manage and
engage with their members and PeopleVine supports them in this
effort. In addition to these incubators and coworking spaces,
PeopleVine also works with United Airlines, Chick-fil- a, and
Bosch.
We are
committed to being the most essential and adaptive SaaS engagement
platform for companies that take a customer centric approach to
business.
For more
information
www.PeopleVine.com
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
