Business
Alliance Creative Group (ACGX) Reports Total Revenue of $15,339,599 for 2018 with a Net Income of $475,139
Alliance Creative Group (ACGX) Reports Total Revenue of $15,339,599 for 2018 with a Net Income of $475,139.
About this update from Alliance Creative Group, Inc.
[{"type":"text","content":"\nCHICAGO, March 28, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- 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, 2018 and the 2018 Annual Financials.\n Revenues for the quarter ending December 31, 2018 (“Q4 2018”) were $3,750,842 Total Revenue for the year ending December 31, 2018 (“2018”) was $15,339,599 Gross Profits for the quarter ending December 31, 2018 (“Q4 2018”) were $2,053,405 Gross Profits for “2018” were $4,590,011 Net Income for the quarter ending December 31, 2018 (“Q4 2018”) were $11,074 Net Income for “2018” was $475,139 The total assets on the Balance Sheet for the Alliance Creative Group as of 12/31/18 were $7,208,321. The total outstanding common shares as of December 31, 2018 were 2,098,651,682 with 1,998,330,307 of those shares in the float. The Company ended the quarter with $231,959 in the bank. Total Stockholder Equity as of 12/31/18 was $4,061,229 The 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.  There will not be an earnings call this year.  The reduction in total revenues compared to 2017 is due to the transitioning and  discontinuing of the Primary Trucking and Rapid Freight Solutions services. The Company is still in the process of completing PCAOB audits of prior periods and will disclose the report information to the public when it is completed. Paul Sorkin, COO and General Counsel of the Alliance Creative Group, Inc., said, “This year included a lot of transitioning our focus from trucking services back to our core business of offering packaging solutions to our clients.  We continued to reduce our debt and expenses while creating more future efficiencies to help us attempt to create a better growth company in the future.  We will continue to evaluate other opportunities and discuss any and all options for us to create more future shareholder value.  We believe the changes we have been making and will continue making...