Alliance Creative Group Inc (OTCMKTS:ACGX) shares jumped 500% to $0.00360 and were flat in after-hours trading. The company has a market cap of $2.70 million at 998.96 million shares outstanding.
Alliance Creative Group Inc just announced that the first quarter of the year produced a record amount of total revenue for the company, which was shared in its quarterly earnings and will be included in the company’s next Quarterly report posted to the OTC Markets website.
It reported record revenues for Q4 2016 and achieved record gross profits in the same period, with the latter up by around $400,000 annually. Total convertible debt was reduced by about $500,000 while projecting total revenue in 2017 at around $18,000,000.
“Our team has put in a lot of time, effort, and money to create a solid foundation to build off of these last few years. We continue to make a lot of positive progress and have been able to see the benefits of our hard work these last few months. I am very proud of the sacrifices everyone has made to get us to this point and believe we have some very positive days ahead of us,” Paul Sorkin, COO & General Counsel of ACG, explained.
“We understand that with all opportunities come additional challenges and we are prepared to handle the issues that come with growth. Our business model has been built on a shared resources concept to provide us with the necessary support as we add more customers, vendors and employees. We are projecting a 50% increase in revenues for 2017 compared to 2016 and if we are able to execute our business plans we hope to continue an accelerated growth rate in 2018 and beyond. We will also continue looking for new ways to create long-term value for our shareholders, investors, and employees and will update the public as things progress.”
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 services 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.