Business
Alliance Creative Group (ACGX) Reports Total Revenue of $10,776,696 for 2019 with Gross Profit of $2,800,602
Alliance Creative Group (ACGX) Reports Total Revenue of $10,776,696 for 2019 with Gross Profit of $2,800,602.
About this update from Alliance Creative Group, Inc.
[{"type":"text","content":"Alliance Creative Group (ACGX) Reports Total Revenue of $10,776,696 for 2019 with Gross Profit of $2,800,602Net Income for 2019 was $187,926Chicago, IL –Alliance Creative Group, Inc., (http://www.AllianceCreativeGroup.com) (Stock Symbol OTC: ACGX) is pleased to announce the results of Operations for the Three Months Ending December 31, 2019 and the 2019 Annual Financials.Revenues for the quarter ending December 31, 2019 (“Q4 2019”) were $2,694,211Revenues for the year ending December 31, 2019 (“2019”) was $10,776,696Gross Profits for the quarter ending December 31, 2019 (“Q4 2019”) were $735,858Gross Profit for the year ending December 31, 2019 (“2109”) was $2,800,602Net Income for the quarter ending December 31, 2019 (“Q4 2019”) were $140,806Net Income for the year ending December 31, 2019 (“2109”) was $187,926The total assets on the Balance Sheet for the Alliance Creative Group as of 12/31/19 were $5,025,601.The total outstanding common shares as of December 31, 2019 were 651,044 with 625,456 of those shares in the float. The Company ended the quarter and year with $87,188 in the bank.Total Stockholder Equity as of 12/31/19 was $2,494,258The 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. Majority of the reduction in total revenues in 2019 compared to 2018 is due to the transitioning and discontinuing of the Primary Trucking and Rapid Freight Solutions services.Steve St. Louis, CEO of the Alliance Creative Group, Inc., said, “Like most companies we are dealing with many unknowns at this time. We are attempting to mitigate and reduce expenses to prepare for any challenges moving forward. We are moving our headquarters (office and warehouse) by April 30th to consolidate 3 local warehouses into 1 and reducing the overall expenses. We are adding more controls to limit our drivers movements as well as reduce fuel costs and have purchased new inventory software to become more efficient. I don’t want to make any detailed predictions related to future numbers at this time but the new location will allow us to continue to expand our fulfillment and e...