GPOPlus+ Announces Warehouse Upgrades and Cash and Carry Model Expanding Retail Reach
Rhea-AI Summary
GPO Plus (OTCQB:GPOX) announced plans to upgrade its warehouse network with ambient temperature control and cooling capabilities, while implementing a Cash and Carry model. The upgrades will enable the company to expand its product offerings to include new categories like snacks and general merchandise, potentially increasing sales per store in its existing retail network.
The new Cash and Carry model will allow retail customers to either pick up products directly from GPOX facilities or order them for drop shipment or delivery. This initiative aims to expand the company's retail reach beyond gas stations and convenience stores to include smoke shops, vape shops, and liquor stores, creating additional revenue streams while leveraging existing infrastructure.
Positive
- Expansion of product offerings to include high-demand categories
- Addition of new retail channels including smoke shops and liquor stores
- Implementation of dual functionality (pickup and delivery) through Cash and Carry model
- Potential increase in sales per store through expanded product lines
Negative
- Potential capital expenditure required for warehouse upgrades
- Implementation costs associated with new temperature control systems
News Market Reaction
On the day this news was published, GPOX declined 0.23%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Upgrading Warehouses to Ambient Temperature Control Enables Expanded Product Lines and Cash and Carry Model Enhances Service Efficiency While Opening New Revenue Channels
LAS VEGAS, NEVADA / ACCESSWIRE / December 18, 2024 / GPO Plus, Inc.(OTCQB:GPOX), an AI-powered Distributor revolutionizing distribution to gas stations and convenience stores with its innovative AI-driven Direct Store Delivery (DSD) model, is pleased to announce plans to significantly increase its product offering by upgrading its warehouse network of Regional Hubs and Mini Hubs to ambient temperature control and cooling. The Company will also use this opportunity to integrate a Cash and Carry model into the warehouse network.
Strategic Growth and Operational Efficiency Highlights
Add new high-demand product categories to its distribution network.
Expand services to include retailers such as smoke shops, vape shops, and liquor stores.
Leverage existing infrastructure to increase sales channels, driving additional revenue streams.
Upgrading Regional Hubs and Mini Hubs to ambient temperature-controlled facilities enables the storage and distribution of new product categories, such as snacks, general merchandise, and other in-demand products. This allows us to significantly increase sales per store in our existing retail network. Integrating the Cash and Carry model allows retail customers to either pick up products directly from GPOX facilities or order them for drop shipment or delivery. This dual functionality expands both GPOX's product offerings and retail reach, creating new opportunities to serve retail partners that may not require full DSD service.
"Over the last year, we've refined our DSD model, significantly improving operational efficiencies," said Brett H. Pojunis, CEO of GPOX. "Now, we're focusing on scaling revenues by opening new sales channels. Taking advantage of this upgrade to our warehouses allows us to expand both our product lines and retail network, leveraging our existing assets to enhance reach and efficiency in the markets we already serve. These initiatives position GPOX for sustained growth while maintaining our commitment to operational excellence."
To learn more, visit GPOPlus.com.
Connect with us on social media to view live video updates, content, and general information about GPOX: https://gpoplus.com/social.
About GPOPlus+ (GPOX)
GPOX is an AI-powered Distributor revolutionizing the future of distribution to gas stations and convenience stores with its innovative AI-driven Direct Store Delivery (DSD) model. Our goal is clear and ambitious: "to build the largest nationwide DSD distribution company servicing gas stations, convenience stores, and beyond." Our technology-driven AI network, featuring strategically placed Regional Hubs and Mini Hubs, is designed to optimize efficiency and maximize reach. Central to our operations is our in-house AI technology platform, PRISM+. Designed to streamline the distribution process, PRISM+ supports efficient delivery, inventory management, data analytics, and overall operational excellence, enabling us to reliably and effectively meet the dynamic needs of our partners. Our mission is to consolidate the fragmented market segment managed by numerous regional vendors. Our dedication to excellence is evident in our product selection process, where we align offerings with consumer demand and partner with top-tier vendors and brands, ensuring our portfolio remains diverse and highly profitable.
For more information, please visit www.GPOPlus.com.
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:
Brett H. Pojunis, CEO
Email: ir@gpoplus.com
Shareholder's Line: 855.935.GPOX (4769)
SOURCE: GPO Plus, Inc.
View the original press release on accesswire.com
FAQ
What new product categories will GPOX offer after warehouse upgrades?
How will GPOX's Cash and Carry model work?
What new retail channels is GPOX targeting with its warehouse upgrades?
When will GPOX implement its warehouse temperature control upgrades?
