Alliance Creative Group Reports a 30-Percent Increase in Gross Profits
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.
“Our revenue and gross profits were both up, but our net income was a little lower because of a few one-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,” St. Louis concluded.
