To delve into a stock that’s been moving recently on the heels of some promising press, we’re taking a look at Alliance Creative Group Inc (OTCMKTS:ACGX)’s Early last month, Chief Operating Officer, Paul Sorkin commented on growing revenues for the company and projected some lofty goals.
“Our team has put in a lot of time, effort, and money to create a solid foundation to build off of these last few years. We continue to make a lot of positive progress and have been able to see the benefits of our hard work these last few months. I am very proud of the sacrifices everyone has made to get us to this point and believe we have some very positive days ahead of us… We are projecting a 50% increase in revenues for 2017 compared to 2016 and if we are able to execute our business plans we hope to continue an accelerated growth rate in 2018 and beyond. We will also continue looking for new ways to create long-term value for our shareholders, investors, and employees and will update the public as things progress.” (Source: Accesswire)
At the time, one might not have thought that Alliance Creative Group Inc (OTCMKTS:ACGX) was up to the task of achieving its growth goals, but just one month later, the company provided updates on the subject that might surprise a lot of people.
It was reported last week that the overall gross revenues for the entire Company was over $5,000,000 for Q1. The gross revenue number represents a new company quarterly record and exceeds recent projections by almost 10%. The full quarterly and disclosure report will be released and uploaded to the OTC Markets by May 15, 2017.
COO Paul Sorkin commented once again, saying, “We are very proud of our team’s significant accomplishments. The $5,000,000 threshold exceeded all of our internal goals. Many of our projects are progressing well and we hope to have continued success moving forward. Our top priorities continue to be focused on growing the overall company, diversifying our revenue streams, and leveraging our shared resources while looking for ways to grow faster and create long-term value for our shareholders, investors, and employees.” (Source:Accesswire)
ACGX is a company that has its hands in a lot of honeypots, with focus on Creative Design, Branding and Packaging, as well as online marketing and digital engagement. That portion of its business is also supplemented by trucking and freight logistics, which itself was bolstered by the recent addition of Rapid Freight Solutions (http://RapidFreightSolutions.com) to its family of services. The full-service transportation brokerage company provides domestic shipping services nationwide and will augment ACGX’s logistical capabilities. You can learn more about the various facets of ACGX’s business at the company’s website.
The stock does trade in the subpenny range, so it’s certainly not something to base an investment portfolio around, but in terms of a speculative play, the well-diversified yet synergistic nature of its various arms makes Alliance Creative Group difficult to ignore completely. We’ll be interested to track its progress in the Second Quarter after Q1 results yielded company records. You can follow the story right along with us. Stay locked to Street Register for updates, and we’ll deliver important developments on ACGX as they unfold. In the meantime, if you have not yet gotten yourself signed up for our 100% free newsletter, do so now! Just enter your active email address into the box below and submit!
Disclosure: No one at Street Register has been compensated in any way for the publishing of this article, nor do we hold any position in ACGX stock, short or long.