GPO Plus Announces Update Surpassing Revenue Projections, Growth Plans for Improved Unit Economics and Increased Revenue

Q1 Revenues for the period ending July 31, 2023 exceed estimates by over 12% to a total of 126% increase quarter over quarter. GPOX continues the roll-out of new Direct to Store Delivery model fuels escalating revenues.

LAS VEGAS, NV / ACCESSWIRE / October 26, 2023 / GPO Plus, Inc. (OTCQB:GPOX), a leading 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 a Shareholder Update on growth plans for improved unit economic and increased revenue. The company is also happy to announce the launch of its updated website, GPOPlus.com.

Foto: Accesswire

Highlights:

• GPOX acquired the assets of Betterment Retail Solutions, our first Regional Distribution hub in Lubbock, Texas, servicing 470 retail locations. In March of 2023 GPOX began servicing these stores and quickly implemented:
  • A new Mini-Hub strategy - hub and spoke model
  • A branded store in store concept called "the Feel Good Shop+"
  • A new "White Glove Direct Store Delivery" service through their Distro+ division.
• The new "White Glove DSD", which included weekly visits to the stores and increased product offerings exceeded expectations, resulting in over a 365% increase in monthly sales from $580 to $2,120 per store in the first 100 stores receiving the new service and full product offering.
• GPOX reported a 320% increase in revenues for their fiscal 4^th Quarter for the three months ending April 30, 2023, compared to 3^rd Quarter. An increase from $102,000 to over $430,000.
• GPOPlus+ reports record 1^st Quarter audited revenues of $970,735 for three months ending July 31, 2023. Over a 12% increase from expected revenues and a 126% increase from the previous Quarter.
• GPOX has entered the live testing, implementation and roll out phase for MSRP+, its proprietary software which powers order management, logistics optimization, lead generation, sales analytics, accounting, inventory management and ecommerce - headless commerce platform for the company's DISTRO+ division.
• GPOX expects to onboard over 258 stores throughout Texas, Iowa and Kansas with the company's full suite of product offerings by year end 2023 and expand into 123 locations throughout New Mexico, the roll-out of which is anticipated in early 2024.

GPOX currently services approximately 570 locations in 12 states. Our expansion model is driven by highly efficient Mini-Hubs, which are vital to providing enhanced service to retail partners. Each Mini-Hub caters to 50 to 100 stores, with a small storage facility, 1-2 drivers and a minivan for product delivery. The Mini-Hubs are serviced by a regional hub in Lubbock Texas which is projected to scale to over 2,000 retail locations. In addition, the Company has pilot programs with 2 new national chains which would potentially add over 300 new locations.