Alliance
Creative Group (ACGX) Reports Total Revenue of $2,308,725 for Third
Quarter of 2020 with Gross Profit of $660,341.
Net
income was $171,832 for the third quarter of 2020
Chicago,
IL --
November 23, 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 September 30,
2020.
Revenues
for the quarter ending September 30, 2020 ("Q3 2020") were
$2,308,725
Gross
Profits for the quarter ending September 30, 2020 ("Q3 2020") were
$660,341
Net
Income for the quarter ending September 30, 2020 ("Q3 2020") were
$171,832
The total
assets on the Balance Sheet for the Alliance Creative Group as of
09/30/20 were $3,454,682.
The total
outstanding common shares as of September 30, 2020 ("Q3
2020") were 1,073,044 with 863,154 of those shares in the
float.
The
Company ended the quarter and year with $34,419 Cash on
hand.
Total Stockholder
Equity as of 09/30/20 was $1,413,138
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, "The third quarter included
some good improvements for the Company. We continued to
reduce our expenses and pay down our debt and are seeing some
positive signs from some of our clients. I believe we have
already seen the biggest challenges related to Covid for our
Company specifically and we are hoping for and preparing for a
better 2021 and beyond."
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.
Investor
Relations and Media Contact
1-847-885-1800
Info@ACGemail.com