Alliance Creative Group, Inc. ACGX
We are revisiting ACGX this morning, to remind our readers why it still remains as one of the top stocks on our watchlist.
ACGX is a stock that boasts a skin-tight share structure, and as such, is subject to heavy swings on relatively light volume. We love a good high-volatility stock like this one, as it tends to offer up frequent opportunities to capitalize on quick gains.
In our original report on ACGX, dated November 1st, we outlined the growth in the company’s bottom line as one of the stock’s main selling points. They had just announced $2.8 million in Q2 revenues, as well as a 30% increase in gross profits from the same period a year before. We subsequently stated that “we believe the positive growth will continue” as a result of streamlined services and an updated model. Our assertion was dead-on, as this morning we see a PR released pertaining to bolstered Q3 financials:
Alliance Creative Group (ACGX) Reports 24% increase in Revenue for Q3 2012 Compared to Q3 2011 and 60% Increase Since Q3 2010
Company Still on Pace to do Over $10,000,000 in Revenue for the Year
CHICAGO, Nov. 15, 2012 /PRNewswire via COMTEX/ — Alliance Creative Group, Inc., (http://www.AllianceCreativeGroup.com) (OTC: ACGX) is pleased to announce the results of Operations for the Three Months Ended September 30, 2012 compared to the Three Months Ended September 30, 2011.
Revenues for the three months ended September 30, 2012 (“Third Quarter 2012”) were $2,728,327 compared with $2,193,593 for the three months ended September 30, 2011 (“Third Quarter 2011”). That is an increase of $534,734 or 24% for the quarter.
Gross Profits were $762,087 compared to $602,712. That is an increase of $159,375 or a 26%.increase. Net Incomes were $159,512 compared to $193,825 compared. That is a decrease of $37,313.
The total assets of the Alliance Creative Group as of 9/30/12 were 5,261,701 compared to 9/30/11 when they were $4,016,649. This is an increase of $1,245,052. The total outstanding shares as of November 13, 2012 are 12,349,477 with 12,207,502 of those shares in the float.
Apart from great news on the positive growth front, we’d like to point out the finer points of the ACGX chart this morning:
ACGX is trading in a tight channel with a solid level of support at a penny, and key resistance at the 200DMA (.0148) and 100DMA (.0174). There has been a notable increase in volume in the month of November, as investors have been accumulating the stock in much greater numbers.
Perhaps another key point to which we can attune our focus is something simple, yet encouraging- one that others may even have overlooked. CEO Steven St. Louis, in a press release from a few weeks ago, stated:“Our Q3 numbers will be released around the middle of November.” Here we are, November 15th, and the figures have indeed arrived. We really can’t say enough about a company and CEO that stay true to their word. So many times, investors are fleeced by outfits that are willing to re-negotiate the follow-through of their own timetables, that we forget the value of organizations that keep their word. Such a simple thing as that rare bit of timeliness and honesty, tells us everything we need to know about Alliance Creative Group, and the way they intend to conduct business moving forward.
With this type of continued dedication to acheiving its goals, the future for ACGX could be pretty bright.
ALLIANCE CREATIVE GROUP, Inc. (Stock Symbol: ACGX) is a printing, packaging and brand management 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 fulfillment & logistics and strategic marketing. www.AllianceCreativeGroup.com.