Emerging Markets Report: Making a Million

Rhea-AI Summary

4Less Group, Inc. (FLES) reports a 41% increase in gross revenue for its subsidiary Auto Parts 4Less, Inc. for February 2021 compared to the prior year, reaching approximately $980k. This marks the company’s best February to date, driven by successful branding and technology strategies. The firm is gearing up to launch its new platform, AutoParts4Less.com, leveraging the success of Liftkits4less.com. With a market cap of $4.6 million and just over 2 million shares outstanding, the upcoming months could be pivotal for growth.

Positive

• 41% increase in gross revenue for February 2021 compared to February 2020.
• Achieved approximately $980k in gross revenue, the highest for February in the company's history.
• Successful branding and technology strategies recognized.
• Upcoming launch of AutoParts4Less.com expected to enhance market presence.

Negative

• None.

An Emerging Markets Sponsored Commentary

ORLANDO, Fla., March 23, 2021 (GLOBE NEWSWIRE) -- Breaking news last week from the 4Less Group, Inc. (FLES: OTCQB) announcing that its wholly owned subsidiary Auto Parts 4Less, Inc. which runs Liftkits4less.com had a 41% increase in gross revenue (prior to returns) for February 2021, as compared to the same period in 2020.

It’s a tremendous achievement by the Company and it shows growing traction in the marketplace. If you’re following 4Less, you will see year-over-year growth for the same period. It is important to note that the Company’s big, new, coming launch of AutoParts4Less.com is based on the successes of its predecessor, Liftkits4less.com. As such, seeing the mother ship perform well and realizing that the new venture will have similar UX, technology and of course, leadership team, is compelling.

“Reaching approximately $980k in gross revenue, prior to returns, is our best February in the company's history and a great way to kick-off the new year,” stated Christopher Davenport, President and CEO of Auto Parts 4Less, Inc. “Our strategy of strong branding and utilizing cutting edge technology is paying off as we move towards expanding our footprint with the upcoming launch of our flagship automotive parts only marketplace Autoparts4Less.com.”

Nearly a million dollars IN ONE MONTH for a Company whose market cap is around $4.6 million at the time of this writing? Having just 2,044,713 shares outstanding, the next few months are going to be very, very interesting as the Company hopes to cross that million dollar per month threshold.

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Must Read OTC Markets/SEC policy on stock promotion and investor protection

• https://www.otcmarkets.com/learn/policy-on-stock-promotion
• https://www.otcmarkets.com/learn/investor-protection
• https://www.sec.gov/news/press-release/2017-79
• https://www.sec.gov/oiea/investor-alerts-bulletins/ia_promotions.html

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FAQ

What is the revenue growth percentage reported by 4Less Group, Inc. for February 2021?

4Less Group, Inc. reported a 41% increase in gross revenue for February 2021 compared to the same month in the previous year.

What was the gross revenue achieved by Auto Parts 4Less, Inc. in February 2021?

Auto Parts 4Less, Inc. achieved approximately $980k in gross revenue for February 2021.

What is the market cap of 4Less Group, Inc. as reported in the press release?

The market cap of 4Less Group, Inc. is around $4.6 million.

What is the significance of the upcoming launch of AutoParts4Less.com?

The launch of AutoParts4Less.com is significant as it is expected to build on the successful performance of Liftkits4less.com and enhance the company's market presence.