Alliance Creative Group (ACGX) Reports Over $2,800,000 in Q2 Revenue for 2012 and a 30% increase in Gross Profits for Q2 2012 compared to Q2 2011 Annual Estimated EPS equal to about 12 cents per share
CHICAGO, Aug. 16, 2012 /PRNewswire/ -- Alliance Creative Group, Inc., (http://www.AllianceCreativeGroup.com) (Stock Symbol: ACGX) is pleased to announce the results of Operations for the Three Months Ended June 30, 2012 compared to the Three Months Ended June 30, 2011.
Revenues for the three months ended June 30, 2012 ("Second Quarter 2012") were $2,828,474 compared with $2,537,895 for the three months ended June 30, 2011 ("Second Quarter 2011"). That is an increase of $290,579 or 12% for the quarter.
Gross Profits for the three months ended June 30, 2012 ("Second Quarter 2012") were $774,727 compared with $596,553 for the three months ended June 30, 2011 ("Second Quarter 2011"). That is an increase of $178,174 or 30% for the quarter.
Net Income for the three months ended June 30, 2012 ("Second Quarter 2012") were $209,282 compared with $213,530 for the three months ended June 30, 2011 ("Second Quarter 2011"). That is a decrease of $4,248 or 2% decrease for the quarter due to some 1 time expenses and bad debt write off.
The total assets of the Alliance Creative Group as of 6/30/12 were $5,140,966. The total equity was $1,864,933. The total outstanding shares as of June 30, 2012 were 8,554,746 with 8,415,221 of those shares in the float. The stock is currently trading around the 2.5 cents per share range and the overall company market cap is around only $200,000.
The full financial statement, balance sheet, cash flow statement, stockholder equity and information and disclosure statements are on the Company website at http://alliancecreativegroup.com/investor-relations under the section for financials and on www.OTCmarkets.com under stock symbol ACGX.
CEO of the Alliance Creative Group, Steven St. Louis, said "I am very proud of our team and the progress we are making. This is our 11th consecutive quarter with over a million dollars in revenue and our earnings per share for 2012 are estimated to be around 12 cents a share. We moved into a larger office/warehouse location and have added some quality members to our growing team. We also purchased some additional equipment and are still evaluating other new technologies to help keep our competitive edge. Our Revenue and Gross Profits were both up but our Net Income was a little lower because of a few 1 time expenses and a bad debt write off. Now that we have moved into our new location we will be stepping up our efforts to find good strategic partners and potential acquisitions to help continue growing both organically and by acquisition. We will also continue to look for bigger and more long-term financial partners to help us get to the next level quicker. We feel our foundation is very solid and there are a lot of opportunities we want to evaluate. Our overall goals continue to be increased revenues, profits, stock price, stock liquidity and increased shareholder value and we will continue to look for and evaluate the best ways to accomplish these goals."
About Alliance Creative Group, Inc.
ALLIANCE CREATIVE GROUP, Inc. (Stock Symbol: ACGX) is a printing, packaging and marketing company. The Alliance Creative Group utilizes shared resources to create efficiencies between their projects and internal divisions to create quality results and long-term partnerships. The core business areas include creative and design services, printing and packaging, product development, event marketing, business consulting and strategic marketing. www.AllianceCreativeGroup.com
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plan, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks described in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements that may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.
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SOURCE Alliance Creative Group, Inc.