GPOPlus+ Announces Over 320% Increase in 4th Quarter Revenues

Main driver is New "White Glove" Service Model Now Active in 100+ Retail Locations with an additional 116 locations to be added by the end of August 2023.

LAS VEGAS, NV / ACCESSWIRE / July 6, 2023 / GPO Plus, Inc. (OTCQB:GPOX), a technology driven company specializing in the development, manufacturing, and distribution of consumer products for specialty retailers including convenience stores, gas stations, smoke and vape shops announces a significant milestone with an increase of over 320% in gross revenues for the 4^th Quarter of their fiscal year ending April 30, 2023, compared to 3^rd Quarter results.

Foto: Accesswire

The primary engine of the accelerated revenue increase is the successful deployment of our new "White Glove" Direct to Store ("DSD") service. This new service includes new point of sale displays for our flagship brand "The Feel Good Shop+" and "Mr. Vapor", yielding the greatest lift. To efficiently implement the new DSD service program GPOX creates "Mini Hubs" that are supported by a Regional Distribution Hub in Lubbock, Texas.

Brett H. Pojunis, CEO of GPOX commented on the exceptional results stating, "We are incredibly pleased with the results and feedback from our retail partners. Our strategy to provide a best-in-class, state-of-the-art, technology driven approach to direct store delivery ("DSD") has proven there's an extraordinary opportunity to capture additional market share. Convenience stores typically obtain 80% to 85% of their merchandise from a few primary distributors, then chase multiple sources for the remaining lifestyle goods ranging from nutraceuticals to sunglasses. By focusing on the 10% to 15% of inventory typically sourced from multiple distributors and vendors, we aim to become the premier provider of our white glove DSD service model. Our drivers go above and beyond, ensuring shelves are stocked, inventory is replenished, then presenting the store manager with an order confirmation on a tablet prior to leaving the store."

Mr. Pojunis continues: "The success of our new service program has already prompted our retail customers to request additional product offerings. We are capitalizing on this demand by allocating all resources needed to roll out to 319 retail stores quickly and efficiently. With the introduction of our Mini Hubs, GPOX also has the opportunity to add other specialty retailers in that region as well as recruit outside sales reps and Independent Sales organizations (ISO's). Furthermore, GPOX receives valuable point-of-sale data, allowing us to optimize our product mix and introduce higher margin "white label products" such as our Yuengling Ice Cream Gummy line, increasing both top line revenues as well as unit economics. Truly exciting times for our team members, retail partners and shareholders."