Proven DSD Model and New Technology Driven Optimization Fuels Escalating Revenues.
Company Expects DSD Roll-Out To 258 Stores by Year End and Over 475 Stores by May 2024
LAS VEGAS, NV / ACCESSWIRE / December 18, 2023 / GPO Plus, Inc. (OTCQB:GPOX), a leading distribution and manufacturing company of consumer products for convenience stores, gas stations and specialty retailers, is pleased to announce expected Q2 gross revenue of $1.21 million for the period ending October 31, 2023 compared to gross revenues of $970,735 for Q1 for the period ending July 31, 2023. This revenue increase is a testament to the successful execution of the Company's growth strategy. Additionally, the GPOX Labs.ai, a technology division of the Company, implementation of its proprietary MSRP software platform, has begun to optimize logistics and inventory management through AI mapping tools, live dispatch consoles, and comprehensive DSD inventory support.
Highlights:
- 25% increase to top line revenue of $1.213 million in 2nd Quarter for the three months ending October 31, 2023, increasing from $970,735 for the previous Quarter ending July 31, 2023.
- Approximately 154 stores received the new DSD service with full product inventory on October 31, 2023.
- GPOX is on track to exceed the 258 estimated stores receiving the white glove DSD service by year-end, with an estimated 475 stores to be online receiving the new program by May of 2024.
- GPOX Labs.ai's new partnership with an enterprise data exchange company is being implemented to build out EDI (Electronic Data Interchange) to get near-time inventory and enhanced sales analytics, which are expected to be live this quarter.
Brett H. Pojunis, CEO of GPOX, emphasizes, "Our technology driven approach to white glove DSD service is winning for both GPOX and our retail partners. The GPOX team is executing beyond our expectations. I feel the team will exceed all revenue and growth goals of 2024. This is an exciting time for GPOX and its shareholders, underscored by the Company's commitment to a proven and highly successful roll-out strategy. As GPOX continues to lead in innovation and service excellence, we sincerely thank our expanding list of retailers and our shareholders for their continued support and loyalty."
The Company's roll-out of its DSD model is mapped out for the next 6-9 months. Revenues increase by adding additional retail partners as well as additional product categories. The Company Is hyper-focused on addressing the 15%-20% of merchandise not provided by primary distributors and consolidating multiple products into one distribution service. Our retail partners benefit from a "one stop shop" addressing the challenges of identifying and qualifying new products, ensuring quality and product delivery.
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About GPOPlus+ (GPOX)
GPO Plus (GPOX) is a product development, manufacturing, and distribution company which offers a diverse portfolio of high-quality innovative products sold directly to consumers and retailers. Our business is organized around four key areas: products (developing and manufacturing), distribution (getting our products to customers), marketing (promoting our products), and sales (selling our products to consumers and retailers). Our goal is to expand our product line and distribution reach to meet market demand and the needs of our customers.
For more information please visit www.GPOPlus.com. To activate your free GPOX Investor Account at www.GPOPlus.com/ir.
About GPOX Labs
GPOX Labs is the division of GPOPlus+ that powers its technology, product development, and digital marketing to drive growth by improving operational efficiencies, developing innovative consumer products, and exploring new ways to connect with customers.
Visit GPOXLabs.com for more information.
Information about Forward-Looking Statements
This press release contains "forward-looking statements" that include statements regarding expected financial performance and growth information relating to future events. Forward-looking statements include statements with respect to beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond the control of the Company and its officers and managers, and which may cause actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by which, that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management's good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in, or suggested by, the forward-looking statements. Important factors that could cause these differences include, but are not limited to; inability to gain or maintain licenses, reliance on unaudited statements, the Company's need for additional funding, governmental regulation of the cannabis industry, the impact of competitive products and pricing, the demand for the Company's products, and other risks that are detailed from time-to-time in the Company's filings with the United States Securities and Exchange Commission. All statements other than statements of historical fact are statements that could be forward-looking statements. You can typically identify these forward-looking statements through use of words such as "may," "will," "can" "anticipate," "assume," "should," "indicate," "would," "believe," "contemplate," "expect," "seek," "estimate," "continue," "plan," "point to," "project," "predict," "could," "intend," "target," "potential," and other similar words and expressions of the future. The Company expresses its expectations, beliefs and projections in good faith and believes that its expectations reflected in these forward-looking statements are based on reasonable assumptions. However, there is no assurance that these expectations, beliefs and projections will prove to have been correct. Such statements reflect the current views of the Company with respect to its operations and future events, and are subject to certain risks, uncertainties and assumptions relating to its proposed operations, including the risk factors set forth herein. Should one or more of these risks or uncertainties materialize or should the underlying assumptions prove incorrect, the Company's actual results may vary significantly from those intended, anticipated, believed, estimated, expected or planned. In light of these risks, uncertainties and assumptions, any favorable forward-looking events discussed herein might not be realized and occur. The Company has no obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise. For a more detailed description of the risk factors and uncertainties affecting GPO Plus, Inc. GPOX, please refer to the Company's recent Securities and Exchange Commission filings, which are available at www.sec.gov. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
Company Contacts:
GPOX Shareholder Success Team+ Investor Relation Contacts:
Brett H. Pojunis, CEO
Email: [email protected]
Shareholder's Line: 855.935.GPOX (4769)
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SOURCE: GPO Plus, Inc.