Business
Alliance Creative Group (ACGX) Signs Binding LOI to Acquire a Trucking Company With Over $3,000,000 in Annual Revenue
Alliance Creative Group (ACGX) Signs Binding LOI to Acquire a Trucking Company With Over $3,000,000 in Annual Revenue.
About this update from Alliance Creative Group, Inc.
[{"type":"text","content":"\nAlliance Creative Group (ACGX) Signs Binding LOI to Acquire a Trucking Company With Over $3,000,000 in Annual Revenue\n\nAlliance Creative Group (ACGX) Signs Binding LOI to Acquire a Trucking Company With Over $3,000,000 in Annual Revenue\n\n\nAcquisition Will Help Alliance Expand Their Distribution and Transportation Services \n\n\n CHICAGO, IL--(Marketwired - May 23, 2016) - Alliance Creative Group, Inc. (http://www.AllianceCreativeGroup.com) (http://www.ACGX.us) (OTC PINK: ACGX) is pleased to announce they have signed a binding LOI to acquire a trucking company with over $3,000,000 in annual revenue. The final agreement should close within 30 days and will help Alliance expand their distribution and transportation services.The initial services will allow Alliance to bring on more clients and diversify their customer base while also being able to offer additional services to existing clients. The company understands the importance of on-time and on budget pick ups and deliveries and the value it can offer its current and future clients. This acquisition will also allow Alliance to better manage their National distribution channels.CEO of the Alliance Creative Group, Steven St. Louis, said, \"Our philosophy has always been to be a one stop provider for our clients and this new acquisition will allow us to offer even more relevant and valuable services to our existing clients while helping us attract new clients as well. We will also leverage all of our internal marketing capabilities and the PeopleVine software to create a new website and utilize Google and Facebook ads along with other marketing tools to aggressively expand the current trucking business. We have been talking with a number of possible acquisition targets for a while now and this situation is a great fit for both parties since we can share and leverage a lot of our overall resources to create new efficiencies and grow both businesses. This will instantly increase our revenues and should have a very positive effect on our long term profits as well. Our shareholders have been very supportive and patient with us and we feel this is a very positive opportunity for us to create more future shareholder value while we continue to build our foundation and look for more opportunities to grow quicker in the future.\"\n \n About PeopleVine\n \n PeopleVine has built a sin...