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Posted On: 04/15/2020 9:22:43 AM
Post# of 85473
Alliance Creative Group, Inc., (http://www.AllianceCreativeGroup.com) (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 $2,694,211
Revenues for the year ending December 31, 2019 ("2019" was $10,776,696
Gross Profits for the quarter ending December 31, 2019 ("Q4 2019" were $735,858
Gross Profit for the year ending December 31, 2019 ("2019" was $2,800,602
Net Income for the quarter ending December 31, 2019 ("Q4 2019" were $140,806
Net Income for the year ending December 31, 2019 ("2019" was $187,926
The 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 $2,494,258
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. 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-commerce pick & pack capabilities, which doubled in 2019 and we believe we can double that portion of our business again in 2020. We will share updates as they become available.``
Revenues for the quarter ending December 31, 2019 ("Q4 2019"
were $2,694,211 Revenues for the year ending December 31, 2019 ("2019"
was $10,776,696 Gross Profits for the quarter ending December 31, 2019 ("Q4 2019"
were $735,858 Gross Profit for the year ending December 31, 2019 ("2019"
was $2,800,602 Net Income for the quarter ending December 31, 2019 ("Q4 2019"
were $140,806 Net Income for the year ending December 31, 2019 ("2019"
was $187,926 The 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 $2,494,258
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. 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-commerce pick & pack capabilities, which doubled in 2019 and we believe we can double that portion of our business again in 2020. We will share updates as they become available.``
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