Alliance Creative Group, Inc. (OTC Pink: ACGX) is engaged as a product development agency, which focuses on digital marketing, product development, software development, logistics, and more. Shares of the product development are soaring 50%, through early trading on Monday, April 3, 2017. Over the past month, Alliance Creative Group, Inc. has seen average daily volume of 9.63 million shares. However, volume of 74.34 million shares or dollar volume of $66,906, has already exchanged hands through early trading on Monday.
Shares of Alliance Creative Group, Inc. are surging Monday, after the company announced that it saw record revenue. However, the company says it will not release any specifics until its next quarterly earnings release. With that said, the company says it has increased its 2017 guidance by 50%, to $18 million. Here is the full press release detailing of the record first quarter revenue and expanded guidance:
Alliance Creative Group, Inc. Press Release:
CHICAGO, IL / ACCESSWIRE / April 3, 2017 / Alliance Creative Group, Inc., (http://www.AllianceCreativeGroup.com) (OTC PINK: ACGX) is excited to Announce that Q1 2017 (The quarter ending March 31, 2017) produced a record amount of total revenue for the Company. The full details will be included in the company’s next Quarterly report posted to the OTC Markets website.
The Company had their annual earnings call Thursday, March 30, 2017 to discuss the year ending December 31, 2016 and their plans for 2017 and beyond – the full recording can be listened to at www.ACGX.us under the Investor section or at http://alliancecreativegroup.com/page/Investor-Relations.
The key highlights from the annual earnings call include:
- Company Achieved Record Revenues in Q4′ 2016
- Company Achieved Record Gross Profits in Q4′ 2016
- Total 2016 Annual Gross Profits up about $400,000
- Total Convertible Debt reduced by about $500,000
- Increased 2017 Estimated Projections for total revenue by about 50% to $18,000,000.
- Total Company Balance Sheet Assets are almost $6,000,000
ACG’s full financial statement, balance sheet, cash flow statement, stockholder equity and information, and disclosure statements is posted on the OTC Market Company website ( www.OTCmarkets.com) under the stock symbol ACGX in “Filings and Disclosure” (left column). These materials are also available on www.ACGX.us under “Investor Relations” (top right).
“Our team has put in a lot of time, effort, and money to create a solid foundation to build off of these last few years. We continue to make a lot of positive progress and have been able to see the benefits of our hard work these last few months. I am very proud of the sacrifices everyone has made to get us to this point and believe we have some very positive days ahead of us,” Paul Sorkin, COO & General Counsel of ACG, explains. “We understand that with all opportunities come additional challenges and we are prepared to handle the issues that come with growth. Our business model has been built on a shared resources concept to provide us with the necessary support as we add more customers, vendors and employees. We are projecting a 50% increase in revenues for 2017 compared to 2016 and if we are able to execute our business plans we hope to continue an accelerated growth rate in 2018 and beyond. We will also continue looking for new ways to create long-term value for our shareholders, investors, and employees and will update the public as things progress.”
About Alliance Creative Group, Inc.
Alliance Creative Group, Inc. (OTC PINK: ACGX) is a full-service product-development agency that since 1997 has been helping clients connect their products and services to their customers. ACG focuses on creative and design services, printing and packaging, brand and product development, fulfillment, logistics and transportation, strategic consulting, digital marketing and engagement, and software development. 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 Private Securities Litigation Reform Act of 1995. 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.