Science & Technology
Science and Technology
Science and Technology
Tue, March 26, 2013 Alliance Creative Group (ACGX) Reports 16% Increase in Revenue for 2012 Compared to 2011 and 27% Increase in Gross Profits
March 26, 2013 08:30 ET
Alliance Creative Group (ACGX) Reports 16% Increase in Revenue for 2012 Compared to 2011 and 27% Increase in Gross Profits
Total Company Assets Increased to Almost $6,000,000
CHICAGO, IL--(Marketwire - March 26, 2013) - Alliance Creative Group, Inc., ([ http://www.AllianceCreativeGroup.com ]) (
Revenues for the twelve months ended December 31, 2012 ("2012") were $10,558,192 compared with $9,095,127 for the twelve months ended December 31, 2011 ("2011").That is an increase of $1,463,065 or 16% for the quarter.
Gross Profits were $3,019,544 for 2012 compared to $2,376,729 for 2011.That is an increase of $642,815 or a 27%.increase.
Net Incomes were $797,066 for 2012 compared to $785,231 for 2011.That is an increase of $11,835 or 1.5%
The total assets of the Alliance Creative Group as of 12/31/12 were $5,913,268 compared to 12/31/11 when they were $4,672,523.This is an increase of $1,240,745 or 26.5%.
The total outstanding shares as of December 31, 2012 are 14,799,477 with 14,657,502 of those shares in the float.
The full annual report with financial statement, balance sheet, cash flow statement, stockholder equity and information and disclosure statements are on the Company's website at [ http://ir.alliancecreativegroup.com/otc-disclosure ]
CEO of the Alliance Creative Group, Steven St. Louis, said "I am very proud of our team's effort and our continued positive results.This is our 13th consecutive quarter with over a million dollars in revenue and positive overall numbers and we've already started strong for Q1 2013.We are entering a new phase for our company where we are more focused on increasing our future growth rate and adding strategic acquisition opportunities.Our goal is to continue growing organically while we become more aggressive with our search for quality M&A opportunities, adding quality people to our team and acquiring potential revenue producing assets.Our business model has been proven to work and our foundation has been created with larger future growth in mind.We are excited about 2013 and beyond and will continue to update the public as new information is available."
About Alliance Creative Group, Inc.
ALLIANCE CREATIVE GROUP, Inc. (
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, 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.
