GPOPlus+ Reports Over 101% Increase in Quarter Over Quarter Revenue

Rhea-AI Summary

GPO Plus, Inc. (GPOX) announces a 101% increase in quarter over quarter revenue, driven by the successful launch of the 'White Glove DSD Service' and the Mini Hub strategy. The company expects Q1'24 revenue to exceed $865,000, showcasing rapid growth and a clear path to cash flow break even.

Positive

• Successful launch of the 'White Glove DSD Service' produced a 101% increase in quarter over quarter revenue
• Mini Hubs strategy yielded a 300% boost to GPOX monthly product sales
• Expected Q1'24 revenue exceeding $865,000 indicates rapid growth and a clear path to cash flow break even

Negative

• None.

Roll out of the new "Mini Hub" strategy drives expansion of the GPOX customer base, product offerings and fuels rapid revenue increases across new and existing sales channels.

LAS VEGAS, NV / ACCESSWIRE / August 16, 2023 / GPO Plus, Inc. (OTCQB:GPOX), a manufacturing and distribution company of consumer products for convenience stores and specialty retailers which include gas stations, smoke shops and vape shops is pleased to announce that their recently launched "White Glove DSD (Direct to Store Delivery) Service" produced a 101% increase in quarter over quarter revenue (The Q4 and fiscal year ending April 30, 2023 as compared to Q1 ending July 31, 2023 results) and now has a clear path to cash flow break even.

The success of the new GPOX "White Glove DSD Service" in the initial roll-out produced cost saving and operational efficiencies, in addition to providing high value analytics and sales data to further optimize product offerings and increased, high margin, revenue. The company Mini Hubs, which utilizes a smaller team to service 50 to 100 stores in a local market supported by the larger Regional Hub, have yielded tangible financial results, evidenced by the 300% boost to GPOX monthly product sales where the program is deployed. The increase can also be attributed to enhanced, high touch, customer service, logistics efficiencies, boosted product offerings, and analytics driven product mix optimization in the $GPOX target markets.

Brett H. Pojunis, CEO of GPOX commented on the exceptional results stating, "A year ago we mapped out a plan to become the best in class distribution company for our retail partners. We focus on the last 15% of products where store owners don't want to do the heavy lifting of qualifying products, negotiating best pricing, meeting minimum manufacturer ordering quantities and field product representatives in their store, when they want to focus on customers. We solved these problems; our drivers record inventory, fully stock shelves and, possibly most impactful, engage store managers to learn their customers needs and wants. Without exception, any store receiving this new DSD program has asked us to carry additional products and the revenue jump more than speaks for itself, in addition to providing us extraordinary data that we can showcase to other retailers / chains. It's an exciting time for our business; we're executing on our stated goals of increasing our distribution network, expanding our product offerings, and increasing our purchasing power, all which has allowed us to negotiate more favorable terms with vendors, improve our margins, while providing our retail partners with "best of breed" deals in our specialty product niches."

The company expects to report Q1'24 (May, June, July) revenue exceeding $865,000 compared to previously reported Q4'23 (Feb, March, April) revenues of approximately $430,000. These revenue numbers are unaudited and are subject to revision upon final review by our auditors, which will be published in the Company's subsequent 10K filings.

At GPOX we continue our commitment to providing value to our investors, partners, suppliers, customers and shareholders. With our strong partnerships, licenses, expanding distribution network, and a focus on innovation, we are poised for continued growth and to create long term value for our stakeholders. We encourage you to sign up for our Investor Portal to stay up to date with GPOX: www.GPOPlus.com/ir.

Connect with us on social media to view live video updates, content, and general information about GPOX and its GPOs: https://gpoplus.com/social.

Sign up for your FREE account on the GPOX Investor Relations Portal:

Once you Activate your GPOX Investor Account you will have immediate access to real time information available on GPOX. Sign up for alerts (email and SMS) to be the first to know about news, SEC Filings, Investor Events, updated Investor Presentations, and more: www.GPOPlus.com/ir.

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 DISTRO+

We help retailers save money + simplify purchasing!

DISTRO+ is a Group Purchasing Organization (GPO) + distributor of premium products for the emerging specialty retailer sector and wholesalers. DISTRO+ proudly represents best-in-class brands focusing on nutraceuticals, hemp-derived Farm Bill Compliant products and Kratom. DISTRO+ operates a Direct to Store Delivery "DSD" distribution model, which provides its customers the highest level of service. It's backed by a robust technology portal that gives our partners and customers the IT backbone to manage logistics, inventory, and payments while shopping from real time product catalogs and inventory. Through the power of Group Purchasing, DISTRO+ offers its network competitive pricing with low MOQs that realize similar discounts as major retailers with large buying power. Visit DISTRO.Plus for more information.

About Feel Good Shop+

The Feel Good Shop+ is an innovative "store within a store" retail concept offering an extensive range of CBD and other hemp-derived cannabinoid products. The Feel Good Shop+ offers consumers an extensive range of hemp-derived cannabinoid products, including Delta-8, HHC, and other leading products from trusted companies like Hempacco, Kill Cliff, Canopy Growth, and CaliGold's Flavorz. Consumers will be able to find all of their favorite products in one place.

Visit FeelGoodShop.Plus 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: ir@gpoplus.com
Shareholder's Line: 855.935.GPOX (4769)

SOURCE: GPO Plus, Inc.

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FAQ

What drove the 101% increase in quarter over quarter revenue for GPO Plus, Inc. (GPOX)?

The successful launch of the 'White Glove DSD Service' and the Mini Hub strategy drove the significant revenue increase.

What is the expected Q1'24 revenue for GPO Plus, Inc. (GPOX)?

The company expects Q1'24 revenue to exceed $865,000, showcasing rapid growth and a clear path to cash flow break even.

How did the Mini Hubs strategy impact GPO Plus, Inc. (GPOX)?

The Mini Hubs strategy yielded a 300% boost to GPOX monthly product sales, indicating its positive impact on the company's revenue.