Letter to shareholders released to clarify some confusion
Chicago, IL -- May 15, 2018 -- InvestorsHub NewsWire -- Alliance
Creative Group, Inc. (AllianceCreativeGroup.com) (OTC: ACGX) is
pleased to announce the results of Operations for the Three Months
Ended March 31, 2018.
Revenues for the quarter ending March 31, 2018 (“Q1 2018”) were
$5,026,388
Gross Profits for the quarter ending March 31, 2018 (“Q1 2018”)
were $927,448.
Net Incomes for the quarter ending March 31, 2018 (“Q1 2018”)
were $47,583
The total assets on the Balance Sheet for the Alliance Creative
Group as of 3/31/18 were $6,874,037.
The total outstanding common shares as of March 31, 2018 were
1,875,103,928 with 1,774,782,953 of those shares in the float.
Company ended the quarter with $93,726 in the bank.
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.
In addition to the quarterly financial report and disclosure
statement the Company has also released a shareholder letter to
help clarify some potential confusion. The letter can be
found on the OTCmarkets.com under Disclosures and on
the www.ACGX.us website under the investor relations
section.
Paul Sorkin, COO and General Counsel of the Alliance Creative
Group, said “This Quarter included many positive changes but also
caused some confusion in the market. The confusion began and
rumors started to spread due to the fact that the stock has been
trading below a penny and for a company to uplist to the OTCQB it
must trade above a penny for 30 days. Therefore, if a company
wants to become a fully reporting audited company and to uplist to
the OTCQB they either need to trade above a penny or consider
reversing the stock to get above a penny. Our current and
original plans and desires were and are ideally to get to the OTCQB
without a reverse. We believe the potential negative effects of a
near-term reverse has given the shorters too much power and control
to drive down our stock. Therefore, we are clarifying our
position that we are not reversing the stock at this time. We will
continue to work on the 2 years of PCAOB audits for 2016 and 2017,
and future 10Q filings, while we evaluate all of our options for
uplisting to a higher exchange. We will also discuss
different ways to raise capital to execute and expand our current
and future business plans. We have released a more detailed
shareholder letter to address other areas of possible confusion
related to our trucking companies, the structure and value of
PeopleVine, overall 2018 projections, and other misc. We
greatly appreciate all of our supportive long-term shareholders and
will continue to try to find ways to improve the Company’s stock
price - One important way at this time is to NOT reverse the stock
- so we will NOT be reversing the stock at this time.”
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.
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.
PeopleVine is becoming an industry leader in the growth market
of incubators and coworking spaces. Our platform is used by the
best in the industry, from 1871 and mHub, to Daymond John’s
Blueprint + Co. These clients need a robust platform to manage and
engage with their members and PeopleVine supports them in this
effort. In addition to these incubators and coworking spaces,
PeopleVine also works with United Airlines, Chick-fil- a, and
Bosch.
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 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.
Investor Relations and Media Contact: Paul Sorkin 1-847-885-1800, ext. 175 Paul@ACGemail.com