GPO Plus Announces Update Surpassing Revenue Projections, Growth Plans for Improved Unit Economics and Increased Revenue - Seite 2

Brett H. Pojunis, CEO of GPOX, emphasizes "most retailers get about 80% - 85% of their products from just a few distributors, the remaining 15% - 20% of the products could be represented by dozens, and up to over 40 vendors! This is a major pain point for our corporate retailers (gas stations and convenience stores) and we have first hand knowledge that they want want to work with less vendors who can solve more problems for them in the most efficient manner. Our unique model focuses on the 15% to 20% of products not provided by retailer's primary distributors. Our white glove DSD service addresses specialty retailers challenges of identifying and qualifying new products, ensuring quality and product delivery. Our white glove service addresses 100% of these challenges and has been received with overwhelming success. We simplify and optimize operations by consolidating multiple products into one distribution service, becoming a one stop shop for these specialty retailers alleviating this major pain point. As a result our retail partners ask us, what additional products we can provide in this uncomplicated and comprehensive solution. Easy to understand when you compare our DISTRO+ drivers visiting a store once a week, stocking the shelves and preparing purchase orders for needed products, to a semi-truck dropping a shrink-wrapped pallet in the entrance of their store.

Our growth strategy for the next six months is extremely focused and straight forward:

• Expand White Glove Service to 500+ additional stores.
• Leverage technology and data to improve efficiencies, lowering time in store for our drivers as well as analyze sales to optimize product mix and margin.
• Introduce proprietary products, such as Yuenglings Ice Cream flavored gummies and High-Cloud gummies, when appropriate to significantly increase margins. Target margins for general products is 20%, where proprietary products yield 35% to 45% gross margin.
• Complete pilot program with new chains with the goal of 300 additional retail locations.
• Increase product offerings to increase average sales per convenience to over $3,000+ per month."

Brett H. Pojunis, CEO continues: "My personal goal is to service over 700 stores with average sales of $3,000 per store in 2024. While we have previously discussed that GPOX also offers our proprietary products online direct to consumer, given the scope of this opportunity we are committed to focusing resources on the current roll-out of the white glove service and adding additional chains of stores, both known national brands as well as regions groups, where an owner may have 10 to 50 locations to bring our Lubbock regional hub to full capacity.