Alliance Creative Group (ACGX) Reports Revenue of $3,014,840 for Third Quarter of 2022
Alliance Creative Group, Inc. (OTC: ACGX) reported a 11.1% increase in revenues for Q3 2022, totaling $3,014,840, compared to the same period in 2021. Gross profits reached $784,185, with a net income of $108,426. As of September 30, 2022, total assets stood at $3,957,989 and total stockholder equity was $1,610,299. The company ended the quarter with $27,690 cash on hand. CEO Steve St. Louis emphasized ongoing revenue growth and strategic focus on kitting and fulfillment services.
- Quarterly revenues increased by $300,445, a rise of 11.1% year-over-year.
- Gross profits improved to $784,185.
- Net income for the quarter was $108,426.
- Total assets amounted to $3,957,989.
- Stockholder equity stood at $1,610,299.
- Cash on hand decreased to only $27,690.
Quarterly Revenues Increased
Chicago, IL, Nov. 15, 2022 (GLOBE NEWSWIRE) -- Alliance Creative Group, Inc., (http://www.AllianceCreativeGroup.com) (OTC: ACGX) is pleased to announce the results of Operations for the Three Months Ending September 30, 2022.
Revenues for the quarter ending September 30, 2022 ("Q3 2022") were
Gross Profits for the quarter ending September 30, 2022 ("Q3 2022") were
Net Income for the quarter ending September 30, 2022 ("Q3 2022") were 108,426
The total assets on the Balance Sheet for the Alliance Creative Group as of 09/30/22 were
The total outstanding common shares as of September 30, 2022 ("Q3 2022") were 2,604,211 with 1,648,971 of those shares in the float.
The Company ended the quarter with
Total Stockholder Equity as of 09/30/22 was
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, "Q3 saw a continued increase in revenue. We are improving and handling these challenging times well and are accomplishing our internal goals. We are continuing to focus more on incorporating our kitting and fulfillment services into our growth plans, St. Louis, also said, "as always, we are continuing to entertain all opportunities and will update the public if and/or when anything substantially changes."
About Alliance Creative Group, Inc.
Alliance Creative Group, Inc. (OTC: 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.
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.
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
FAQ
What were the revenue results for ACGX in Q3 2022?
What is the net income reported by ACGX for Q3 2022?
What were the total assets for ACGX as of September 30, 2022?
How much cash does ACGX have on hand for Q3 2022?
