Business
Alliance Creative Group (ACGX) Reports Second Quarter of 2023 Financials
Alliance Creative Group (ACGX) Reports Second Quarter of 2023 Financials.
About this update from Alliance Creative Group, Inc.
[{"type":"text","content":"\n\n\n\nAlliance Creative Group (ACGX) Reports Second Quarter of 2023 Financials\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nAlliance Creative Group (ACGX) Reports Second Quarter of 2023 Financials\nPR Newswire\nCHICAGO, Aug. 14, 2023\n\n\n\nACG added an Equity position in an exciting growing brand\nCHICAGO, Aug. 14, 2023 /PRNewswire/ -- Alliance Creative Group, Inc., (http://www.AllianceCreativeGroup.com) (OTC: ACGX) is pleased to announce the results of Operations for the Three Months and Quarter Ending June 30, 2023.\n Revenues for the quarter ending June 30, 2023 (\"Q2 2023\") were $322,827\nGross Profits for the quarter ending June 30, 2023 (\"Q2 2023\") were $322,827\nNet Income for the quarter ending June 30, 2023 (\"Q2 2023\") were ($54,484)\nThe total assets on the Balance Sheet for the Alliance Creative Group as of 6/30/23 were $4,943,921\nThe total outstanding common shares as of June 30, 2023 (\"Q2 2023\") were 3,454,211 with 2,198,971 of those shares in the float. \nThe Company ended the quarter with $150,328 Cash on hand.\nTotal Stockholder Equity as of 6/30/23 was $739,236\nThe full financial statement, balance sheet, statement of operations, cash flow statement, and disclosure statements are posted on the OTC Market Company website at www.OTCmarkets.com under the stock symbol ACGX in the section for filings and disclosure and on www.ACGX,us in the investor relations section. \nPaul Sorkin, CEO of the Alliance Creative Group, Inc. said, \"The 2nd quarter of 2023 included continued progress and some significant changes.  We entered into a secured loan and equity agreement with Say Less Spritz, LLC, who acquired the rights to the Coastal Spritz brand.  The agreement gives ACGX a 5% equity position while earning interest on the secured loan.  ACG has also entered into a consulting agreement with Say Less Spritz that will pay ACG monthly.  We are very excited about the Coastal Spritz brand and the opportunities with Say Less Spritz and believe the company has opened a number of very strategic distribution and retail relat...