CHICAGO, IL --
(MARKET WIRE) --
11/15/10
)
Alliance Creative
Group, Inc. (OTCPK:
ACGX) (FORMERLY
IVIT) (http://www.AllianceCreativeGroup.com)
is pleased to
announce the results
of Operations for
the Three Months
Ended September 30,
2010 Compared to the
Three Months Ended
September 30, 2009.
Revenues for
the three months
ended September 30,
2010 ("Third Quarter
2010") were
$1,703,444
compared with
$105,468 for the
three months ended
September 30, 2009
("Third Quarter
2009"). That is an
increase of
$1,597,976 or 1,515%
for the quarter.
Gross Profits
Increased almost
$400,000 and Net
Profits Increased by
over $80,000 for the
Quarter. The total
assets of the
Alliance Creative
Group as of 09/30/10
were $3,558,168.
Alliance
Creative Group (ACGX)
announced the
effectiveness of its
reverse and name
change and that each
two thousand (2000)
shares of the Common
Stock of the
Corporation issued
and outstanding
shall become one (1)
share of Common
Stock of the
Corporation.
Fractional or
partial shares will
not be issued and
instead will be
rounded up to the
nearest whole number
of shares. This
reverse split
becomes effective as
of the market open
on November 15,
2010. The new name
and stock symbol
have also been
completed and the
Corporation formerly
known as Invicta
Group, Inc (IVIT) is
now Alliance
Creative Group, Inc
(ACGX). ACGX has
less than 3,000,000
common outstanding
shares after the
reverse stock split.
The Company has also
reduced the total
Authorized shares
from 5,000,000,000
to 50,000,000.
CEO of the
Alliance Creative
Group, Paul Sorkin,
said "Some of the
projects we have
been involved with
have turned out
better than we
expected and others
did not meet our
expectations. We
have also
encountered a major
battle with short
sellers. We have
evaluated our
business projects
and options for
fighting off
short-sellers and we
feel the most
reasonable action is
to narrow our
business focus to
the most successful
projects and reverse
the stock in an
overall strategy to
address the endemic
short selling.
"We finished the
first 9 months of
the year with over
$9 million in
revenues and almost
$600,000 in Net
Profits. That means
our team has
completely turned
this company around
and we have
increased our
numbers for the
first 9 months this
year by over 2000%
from last year."
Sorkin went on to
say, "The Alliance
Creative Group is
committed to
utilizing a unique
blend of products,
services, and
relationships to
increase value for
both clients and
shareholders.
Creating quality
results, forging
long-term
partnerships, and
exceeding
expectations are the
core business
principles of ACG.
Our focus has
continued to narrow
to 4 main areas of
concentration -
Creative and Design,
Printing and
Packaging, Product
Development and
Brand Awareness. Our
financials are solid
and improving and we
feel we have
positioned ourselves
well for future
growth and
opportunities."
About
Alliance Creative
Group, Inc.
ALLIANCE CREATIVE
GROUP, Inc. (ACGX)
is a product
development
management and
marketing company.
The Alliance
Creative Group is a
brand awareness
conglomerate that
utilizes shared
resources to create
synergies between
their projects and
companies to create
quality results and
long-term
partnerships. The
core business areas
include creative and
design services,
printing and
packaging, product
development and
event marketing.
www.AllianceCreativeGroup.com
This news release
contains
forward-looking
statements as
defined by the
Private Securities
Litigation Reform
Act of 1995.
Forward-looking
statements include
statements
concerning plan,
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.
Investor
Relations and Media
Contact
1-312-473-5234
info@AllianceCreativeGroup.com
