Business
Alliance Creative Group Reports Strong Second Quarter 2014 Results With 26% Year-Over-Year Revenue Growth and 51% Increase in Gross Profit
Alliance Creative Group Reports Strong Second Quarter 2014 Results With 26% Year-Over-Year Revenue Growth and 51% Increase in Gross Profit.
About this update from Alliance Creative Group, Inc.
[{"type":"text","content":"\nAlliance Creative Group Reports Strong Second Quarter 2014 Results With 26% Year-Over-Year Revenue Growth and 51% Increase in Gross Profit\n\nAlliance Creative Group Reports Strong Second Quarter 2014 Results With 26% Year-Over-Year Revenue Growth and 51% Increase in Gross Profit\n\n\nTotal Assets Reach Nearly $6,500,000 - Surpassing Market Cap\n\nCHICAGO, IL--(Marketwired - August 13, 2014) - Alliance Creative Group, Inc. (www.AllianceCreativeGroup.com) (PINKSHEETS: ACGX) is pleased to announce its results of operations for the three months ended June 30, 2014.Revenues for the quarter ended June 30, 2014 were $3,010,170, an increase of $620,533 or 26% compared with $2,389,637 for the quarter ended June 30, 2013. Gross Profits were $753,317 for the quarter ended June 30, 2014, an increase of $256,548 or 51.6% compared to $496,769 for the quarter ended June 30, 2013. Net Incomes were $40,165 for the quarter ended June 30, 2014, compared to a loss of ($74,850) for the quarter ended June 30, 2013. The total assets as of June 30, 2014 were $6,485,288, an increase of $810,934 compared to June 30, 2013 when they were $5,574,354. The total outstanding common shares as of June 30, 2014 were 688,300,746 with 587,979,771 of those shares in the float. These numbers remain unchanged as of August 13, 2014.The full financial statement, balance sheet, cash flow statement, stockholder equity and information and disclosure statements are posted on the company website at http://ir.alliancecreativegroup.com/otc-disclosure and on the OTC Market Company website at www.OTCmarkets.com under ACGX's section for filings and disclosure. CEO of the Alliance Creative Group, Steven St. Louis, said, \"We are very proud of our team's accomplishments, especially since this is the first time we have generated over $6,000,000 in revenue during the first 6 months of any given year. We are making progress in the execution of our business plans and feel more confident about our future potential each quarter. We will be introducing some expanded services in the coming months and are increasing our overall PR and marketing to help introduce our company to more potential opportunities, clients and shareholders. Historically our 3rd and 4th\nquarters have been strong quarters; therefore, we are projecting continued strong sales for t...