Alliance Creative Group Inc (OTCMKTS:ACGX) shares rose 9.68% to $0.00340 on Thursday and were unchanged in after-hours trading. Share prices have been trading in a 52-week range of $0.00 to $0.00. The company has a market cap of $3.84 million at 1.09 billion shares outstanding.
In a press release, Alliance Creative Group Inc announced the results of Operations for the three months ended March 31, 2017. Revenues for the period were $5,116,436 compared to $2,665,798 for the quarter ending March 31, 2016, which amounts to an increase of $2,450,638 or 92%.
Gross Profits for the quarter ending March 31, 2017 were $1,880,224 compared to $634,671 for the quarter ending March 31, 2016, translating to an increase of $1,245,553 or 196%. Net Incomes for the quarter were $392,656 compared to a loss of $51,178 for the quarter ending March 31, 2016 or an increase of $443,834.
“Our core business has been around almost 20 years, or about 80 quarters, and this quarter represents our all-time high in revenue and profits. We are very proud of our team but we are also very excited about the opportunities ahead of us,” said CEO of Alliance Creative Group Inc Steven St. Louis.
“This Quarter represents a significant milestone in the execution of our business plans but also represents a new floor to leverage and build from. The speed of growth should accelerate after a foundational infrastructure is set so we believe this year and 2018 will be crucial years for us to maximize our opportunities to grow the overall company, reduce our debt, and create additional future opportunities for our investors and employees while increasing shareholder value,” added Paul Sorkin, COO and General Counsel.
Formerly Invicta Group Inc, Alliance Creative Group Inc is a creative packaging, digital marketing and experiential agency that helps clients connect their products or service to their customers. Its include brand strategy, creative and design, content creation, online marketing, print and packaging, supply chain management, assembly and kitting, logistics, customer engagement, business consulting and strategic marketing.
Its processes include creative process, packaging process and digital engagement. Its brands include PeopleVine, Print4aCause and Corporate Gifts 4 a Cause. PeopleVine is an Omni-Channel marketing platform for customer relationship management (CRM), marketing, sales and operations. Print4aCause offers business cards, letterheads, postcards, flyers, banners, direct mailings and marketing materials. Corporate Gifts 4 a Cause provides customized branded gifts that are assembled and packed then drop shipped to users’ clients.