Alliance Creative Group Inc (OTCMKTS:ACGX) shares advanced 14.86% to $0.00170 on Monday 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 $2.86 million at 1.54 billion shares outstanding.
In a press release, Alliance Creative Group Inc announced that software company, PeopleVine, has been spun off into its own private Delaware Corporation. It will start with two board members: Jordan Gilman and Paul Sorkin. Alliance Creative Group Inc has been the sole investor to date with $700,000 in cash and services since 2015 and will be a shareholder of the new corporation.
“Alliance Creative Group has been an amazing partner. Their team and capital have helped us create a significantly improved platform with even more advanced features in our all-in-one CRM marketing platform. This new structure will allow us to have more focused conversations with potential investors and partners and hopefully allow us to grow faster,” remarked Jordan Gilman.
“Our original goals with PeopleVine included improving the overall UI/UX experience, adding clients, and increasing the number of useful features in the platform. After accomplishing those goals we have been evaluating multiple ways to accelerate the growth and traction and secure strategic partnerships with people with industry experience and additional resources to help elevate us to the next level. As for ACGX, our higher priorities have included reducing our debt and dilution while positioning ourselves for more increased growth without the need for substantial share dilution. This new structure allows us to attract more relevant and specific strategic partners without having to issue the new investors or partners any convertible debt or having to issue them more ACGX shares,” said Paul Sorkin.
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.
The company’s brands include PeopleVine, Print4aCause and Corporate Gifts 4 a Cause. PeopleVine is an Omni-Channel marketing platform for customer relationship management, 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.