Business
Alliance Creative Group (ACGX) Reports Revenue of $18,322,208 for 2017, a 62.5% increase from 2016, and Net Income of $584,410 for an increase of $930,142 compared to 2016
Alliance Creative Group (ACGX) Reports Revenue of $18,322,208 for 2017, a 62.5% increase from 2016, and Net Income of $584,410 for an increase of $930,142 compared to 2016.
About this update from Alliance Creative Group, Inc.
[{"type":"text","content":"\n\n Annual Earnings Call Recording posted on www.ACGX.us\n CHICAGO, March 29, 2018 (GLOBE NEWSWIRE) -- Alliance Creative Group, Inc., (http://www.AllianceCreativeGroup.com) (OTC:ACGX) is pleased to announce the results of Operations for the Three Months Ended December 31, 2017 and the 2017 Annual Financials. Revenues for the quarter ending December 31, 2017 (“Q4 2017”) were $4,503,127 compared to $3,356,801 for the quarter ending December 31, 2016 (“Q4 2016\") or an increase of $1,146,326 or 34.1% increase. Gross Profits for the quarter ending December 31, 2017 (“Q4 2017”) were $853,574 compared to $1,092,352 for the quarter ending December 31, 2016 (“Q4 2016) or a decrease of $238,778 or 21.9% decrease. Net Incomes for the quarter ending December 31, 2017 (“Q4 2017”) were $136,594 compared to a loss of ($200,301) for the quarter ending December 31, 2016 (“Q4 2016) or an increase of $336,895. The total assets on the Balance Sheet for the Alliance Creative Group as of 12/31/17 were $6,431,666 up from $5,921,738 as of 12/31/16.  An increase of $509,928 or 8.6% The total outstanding common shares as of December 31, 2017 were 1,787,489,062 with 1,657,168,087 of those shares in the float. The Company ended the quarter with $188,425 in the bank. Total Revenue for the year ending December 31, 2017 (“2017”) was $18,322,208 compared to $11,274,185 for the year ending December 31, 2016 (“2016”) for an increase of $7,048,023 or 62.5% increase Gross Profits for “2017” were $3,675,008 compared to $2,943,043 for “2016” for an increase of $731,965 or 25% increase. Net Income for “2017” was $584,410 compared to a loss of ($345,732) for “2016” or an increase of $930,142.  The key highlights from the annual earnings call include: Company Achieved Record Revenues in 2017 with $18,322,208                                        Company Achieved Record Gross Profits in 2017 with $3,675,0082017 Revenues were up 62.5% compared to 2016Total Convertible Debt reduced by about $450,000 - goal to be at zero by 6/30/18Total Com...