Alliance Creative Group Reports a 30-Percent Increase in Gross Profits
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CHICAGO—August 16, 2012—Alliance Creative Group 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.
Highlights:
- Its revenues for the latest three months totaled $2.83 million, compared with $2.54 million for the three months ended June 30, 2011, an increase of 12 percent.
- Gross profits for the period were $774,727, an increase of 30 percent compared to profits of $596,553 for the three months ended June 30, 2011.
- Net Income totaled $209,282 vs. $213,530, a 2-percent decrease that was due to some one-time expenses and bad debt write off.
- The total assets of the Alliance Creative Group as of June 30, 2012, were $5.14 million.
CEO 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. 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.
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