Alliance Creative Group (ACGX) Reports 24% increase in Revenue for Q3 2012 Compared to Q3 2011 and 60% Increase Since Q3 2010
Company Still on Pace to do Over $10,000,000 in Revenue for the Year
CHICAGO, Nov. 15, 2012 /PRNewswire/ -- Alliance Creative Group, Inc., (http://www.AllianceCreativeGroup.com) (OTC: ACGX) is pleased to announce the results of Operations for the Three Months Ended September 30, 2012 compared to the Three Months Ended September 30, 2011.
Revenues for the three months ended September 30, 2012 ("Third Quarter 2012") were $2,728,327 compared with $2,193,593 for the three months ended September 30, 2011 ("Third Quarter 2011"). That is an increase of $534,734 or 24% for the quarter.
Gross Profits were $762,087 compared to $602,712. That is an increase of $159,375 or a 26%.increase. Net Incomes were $159,512 compared to $193,825 compared. That is a decrease of $37,313.
The total assets of the Alliance Creative Group as of 9/30/12 were 5,261,701 compared to 9/30/11 when they were $4,016,649. This is an increase of $1,245,052. The total outstanding shares as of November 13, 2012 are 12,349,477 with 12,207,502 of those shares in the float.
The full financial statement, balance sheet, cash flow statement, stockholder equity and information and disclosure statements are on the OTC Market Company website at www.OTCmarkets.com under the stock symbol ACGX under the section for filings.
CEO of the Alliance Creative Group, Steven St. Louis, said "This is our 12th consecutive quarter with over a million dollars in revenue and positive overall numbers and we've already started strong for Q4 2012. Our Net Income was down a little because we are investing in our future growth and had a few extra expenses this quarter related to our expanding business plans to continue adding quality people and resources in our new facility. We have been able to maintain a very strong foundation during these challenging economic years and believe we are positioned very well to acquire similar companies to utilize our shared resources to create a better result for everyone. We have added more details to our online disclosures to keep everyone informed about the changes and will continue to update the public as new information is available. Our overall goals continue to be increased revenues, profits, stock price, stock liquidity and increased shareholder value and we will continue to look for and evaluate the best ways to accomplish these goals."
About Alliance Creative Group, Inc.
ALLIANCE CREATIVE GROUP, Inc. (Stock Symbol: ACGX) is a printing, packaging and brand management marketing company. The Alliance Creative Group utilizes shared resources to create efficiencies between their projects and internal divisions to create quality results and long-term partnerships. The core business areas include creative and design services, printing and packaging, product fulfillment & logistics and strategic marketing. www.AllianceCreativeGroup.com.
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.