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GEX Management Inc. Reports Record Revenue Figures of $2.3M in 2022 Driven by Both Strategy and Technology Consulting Divisions

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GEX Management Inc. (OTC: GXXM) announced a remarkable 76% revenue increase for the fiscal year 2022, reaching $2.3 million, up from $1.3 million in 2021. CEO Sri Vanamali credited this success to the company's robust strategy and technology consulting services. The firm has invested significantly in talent and innovative technology solutions, leading to enhanced client service and exceptional value creation. GEX is also developing an AI-based platform aimed at optimizing client operations through advanced data analytics, offering automated services and strategic insights. The company plans to further expand its operations and client base in the coming years.

Positive
  • Revenue growth of 76% from $1.3 million in 2021 to $2.3 million in 2022.
  • Strengthened consulting divisions contributing to overall business success.
  • Investment in talent and technology enhancing service quality.
  • Development of an AI-based platform for improved operational efficiency.
Negative
  • None.

DALLAS, TX, April 18, 2023 (GLOBE NEWSWIRE) -- GEX Management Inc. (OTC: GXXM), a leading management consulting company, announced exceptional financial results for the fiscal year ended 2022, with $2.3 million in gross reported revenue, a 76% increase compared to the $1.3 million revenue reported in 2021. CEO Sri Vanamali attributed the success to the strong growth delivered by both the company's strategy and technology consulting divisions.

"Our strategy consulting team has provided clients with customized solutions that have helped them navigate through the enormous complexities of today's business environment. We have assisted our clients with a spectrum of solutions that include M&A strategy including post-merger integration, risk management, process improvement and strategic planning, and our deep domain and sector expertise has helped create exceptional value for our customers, as evidenced by these strong fiscal year results," said Mr. Vanamali. "On the other hand, our technology consulting group has been helping clients achieve their short term and long term business transformation goals in the form of systems optimization, digital transformation, enterprise solution roadmap rollouts and cybersecurity solutions and our value based highly customized technology solution frameworks have given our clients a unique competitive edge within their respective industries."

Mr. Vanamali further explained that the success of both divisions was the result of the company's investment in talent and technology resources, which has enabled them to offer clients best-in-class consulting services.

"We have invested in hiring the best talent in the industry and in developing proprietary tools and methodologies to offer our clients exceptional value-based consulting services. Our ability to deliver exceptional results for our clients has been the driving force behind our phenomenal year over year success and growth which we plan to replicate over the years to come."

In addition to the success of the consulting divisions, Mr. Vanamali shared that GEX Management is working on an AI-based platform that will be a key focus of the Phase III Hypergrowth strategy.

"We are excited about the development of our AI-based technology platform, which will allow us to better serve our clients by providing them with data-driven insights and solutions. This platform will enable us to take our consulting services to the next level and further strengthen our position as a leading management consulting company with a value-centric approach towards delivering high quality customer solutions."

The AI-powered platform will enable GEX Management to leverage advanced data analytics to identify opportunities for value creation in its clients’ businesses. The platform will use machine learning algorithms to analyze large data sets and identify patterns and trends that are not easily detectable through traditional data analysis methods. The platform will also enable GEX to automate many of its operational processes, allowing the company to provide faster and more efficient service to its clients. This will include automating data collection and analysis, as well as streamlining project management and communication with clients.

GEX Management Inc. is poised for continued growth in the coming years, with plans to expand its services and client base in the United States and beyond. With a team of experienced consultants and a track record of success, the company is well-positioned to deliver results for businesses looking to improve their management strategies and further grow their business operations in the foreseeable future.

About GEX Management

GEX Management, Inc. is a Management Consulting company providing high-end Strategy and Enterprise Consulting solutions to public and private companies across a variety of industry sectors. http://www.gexmanagement.com

Information on Forward Looking Statements

The statements contained herein that are not historical facts are forward-looking statements within the meaning of the federal securities laws (Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934). You can identify such forward-looking statements by the words "expects," "intends," "plans," "projects," "believes," "estimates," "likely," "possibly," "probably," "goal," "opportunity," "objective," "target," "assume," "outlook," "guidance," "predicts," "appears," "indicator" and similar expressions. Forward-looking statements involve a number of risks and uncertainties. In the normal course of business, GEX Management, Inc., in an effort to help keep our stockholders and the public informed about our operations, may from time to time issue such forward-looking statements, either orally or in writing. Generally, these statements relate to business plans or strategies, projected or anticipated benefits or other consequences of such plans or strategies, or projections involving anticipated revenues, earnings, profits, pricing, operating expenses or other aspects of operating results. We base the forward-looking statements on our expectations, estimates, and projections at the time such statements are made. These statements are not guarantees of future performance and involve risks and uncertainties that we cannot predict. In addition, we have based many of these forward-looking statements on assumptions about future events that may prove to be inaccurate. The actual results of the future events described in such forward-looking statements could differ materially from those stated in such forward-looking statements.

SOURCE GEX Management, Inc.
Media Contact:
John Godwin,
Director, Client Relations
Email address: info@gexmanagement.com


FAQ

What was GEX Management's revenue for fiscal year 2022?

GEX Management reported a revenue of $2.3 million for fiscal year 2022.

How much did GEX Management's revenue increase compared to 2021?

GEX Management's revenue increased by 76% compared to the $1.3 million reported in 2021.

What are the key focuses of GEX Management's consulting divisions?

GEX Management's consulting divisions focus on strategy and technology consulting, including M&A strategy, risk management, and digital transformation.

What new technology is GEX Management developing?

GEX Management is developing an AI-based platform to enhance client services through data-driven insights and operational automation.

What is GEX Management's stock symbol?

GEX Management's stock symbol is GXXM.

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