Annual Earnings Call Recording posted on www.ACGX.us
CHICAGO, March 29, 2018 (GLOBE NEWSWIRE) -- Alliance Creative Group, Inc., (http://www.AllianceCreativeGroup.com) (OTC:ACGX) is pleased to announce the results of Operations for the Three Months Ended December 31, 2017 and the 2017 Annual Financials.
Revenues for the quarter ending December 31, 2017 (“Q4 2017”) were $4,503,127 compared to $3,356,801 for the quarter ending December 31, 2016 (“Q4 2016") or an increase of $1,146,326 or 34.1% increase.
Gross Profits for the quarter ending December 31, 2017 (“Q4 2017”) were $853,574 compared to $1,092,352 for the quarter ending December 31, 2016 (“Q4 2016) or a decrease of $238,778 or 21.9% decrease.
Net Incomes for the quarter ending December 31, 2017 (“Q4 2017”) were $136,594 compared to a loss of ($200,301) for the quarter ending December 31, 2016 (“Q4 2016) or an increase of $336,895.
The total assets on the Balance Sheet for the Alliance Creative Group as of 12/31/17 were $6,431,666 up from $5,921,738 as of 12/31/16. An increase of $509,928 or 8.6%
The total outstanding common shares as of December 31, 2017 were 1,787,489,062 with 1,657,168,087 of those shares in the float.
The Company ended the quarter with $188,425 in the bank.
Total Revenue for the year ending December 31, 2017 (“2017”) was $18,322,208 compared to $11,274,185 for the year ending December 31, 2016 (“2016”) for an increase of $7,048,023 or 62.5% increase
Gross Profits for “2017” were $3,675,008 compared to $2,943,043 for “2016” for an increase of $731,965 or 25% increase.
Net Income for “2017” was $584,410 compared to a loss of ($345,732) for “2016” or an increase of $930,142.
The key highlights from the annual earnings call include:
- Company Achieved Record Revenues in 2017 with $18,322,208
- Company Achieved Record Gross Profits in 2017 with $3,675,008
- 2017 Revenues were up 62.5% compared to 2016
- Total Convertible Debt reduced by about $450,000 - goal to be at zero by 6/30/18
- Total Company Balance Sheet Assets were over $6,400,000
- New Trucking Partnership finalizing soon
- New areas to evaluate future opportunities include Real Estate and Blockchain technology
The full recording of the Earnings call from Thursday March 29, 2018 can be downloaded or listened to from the company website www.AllianceCreativeGroup.com in the Investor Relations section or at http://gopv.us/go_415.
The full financial statement, balance sheet, cash flow statement, stockholder equity and information 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
Paul Sorkin, COO and General Counsel of the Alliance Creative Group, Inc., said “This year included some significant changes and a lot of improvements. We continue to build our long-term shared-resources foundation to better prepare for leveraging future opportunities and relationships. We accomplished record revenues and profits while we continued to reduce debt and increase assets. Moving forward we have a lot of opportunities to evaluate and will continue to improve our processes and business models so we can move quicker and grow faster in the future by maximizing our internal efficiencies.”
CEO of the Alliance Creative Group, Steven St. Louis, said “We continue to learn more of what works and what doesn’t every year. It allows us to make better future business decisions and prepare for additional growth and build off of our current and prior success. Although we had a great year I believe our best days are still ahead of us.”
About Alliance Creative Group, Inc.
Alliance Creative Group, Inc. (Stock Symbol: 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.
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Source:Alliance Creative Group, Inc.