Business
Alliance Creative Group (ACGX) Reduced Over $300,000 of Debt and Stock Price Increased 285% in Q2 Ending June 30, 2017
Alliance Creative Group (ACGX) Reduced Over $300,000 of Debt and Stock Price Increased 285% in Q2 Ending June 30, 2017.
About this update from Alliance Creative Group, Inc.
[{"type":"text","content":"\n \n \n Alliance Creative Group (ACGX) Reduced Over $300,000 of Debt and Stock Price Increased 285% in Q2 Ending June 30, 2017\n \n \nAlliance Creative Group (ACGX) Reduced Over $300,000 of Debt and Stock Price Increased 285% in Q2 Ending June 30, 2017\n\nCompany releases shareholder letter\n\n \n CHICAGO, IL--(Marketwired - Jul 6, 2017) - Alliance Creative Group, Inc. (AllianceCreativeGroup.com) (OTC PINK: ACGX) is pleased to announce that it has reduced another $300,000 of debt (including principal and accrued interest) in the second quarter ending June 30, 2017. The Company will continue to negotiate with debt holders to reduce more debt as quickly as possible.\n The Company has also issued a shareholder letter and uploaded it to the www.ACGX.us website under the investor section and on www.OTCmarkets.com under the stock symbol ACGX under Disclosures to help clear up any confusion related to the remaining convertible debt, current outstanding share structure, and the percent of shares issued compared to the overall trading volume.\n For all additional detailed information for the quarter, the full financial statement, balance sheet, cash flow statement, stockholder equity and information and disclosure statements for the second quarter will be posted before the August 15, 2017 deadline.\n Paul Sorkin, COO and General Counsel, said, \"We value our shareholders, investors, clients, vendors and employees very much and understand it is a very difficult balancing act to keep everyone happy all the time. Our overall goals include providing valuable products and service to help our clients grow their companies, while we reduce our debt and increasing our revenues to create future value for our investors and shareholders while maintaining and improving our relationships with our vendors and employees. Although our stock price ended up 285% in the second quarter, and it was up over 600% at one point during the quarter, we cannot guarantee similar moves will or will not happen again in the future and we cannot control the day to day trading of our stock. We will continue to provide relevant information and updates as often as possible and maintain a high level of transparency in our reports and disclosures. We encourage all potential stockholders, especially day traders, to read our full disclosures and perform the...