The Company Also Highlights Third Quarter Results - Revenue Up significantly
Las Vegas, Nevada--(Newsfile Corp. - May 24, 2021) - GPO Plus, Inc. (OTCQB: GPOX), a diversified corporation operating industry specific Group Purchasing Organizations (GPOs), announced today the Company's "shell risk" designation from OTC Markets has been removed, and the company has published its 3rd fiscal quarter results with a significant increase in gross revenue.
GPOX - Q3 Result
To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/7313/85013_3f66ee87e4b418a3_001full.jpg
GPOX has checked all of the necessary boxes for OTC Markets (at its sole discretion) to no longer view the Company as a shell risk. Moreover, GPOX has highlighted several other major accomplishments in the past 90 days:
- On March 3rd, 2021 the Company announced it had upgraded to the OTCQB® Venture Market.
- GPOX expects to continue to receive increased awareness of its expanding business model and growth opportunity as a result of listing on OTCQB.
- On April 30th, 2021 GPOX filed its fiscal 3rd quarter 10-Q. The Company posted 3rd quarter revenues of $591,757, up significantly from the previous quarter.
- The company's direct sales model has shown tremendous proof of concept for its first active sales quarter and continued growth is anticipated.
- On May 3rd, 2021 GPOX began an ongoing effort to expand its sales and support staff to accommodate the Company's fiscal growth.
- GPOX is in the process of increasing its team to accommodate the sales growth the company realized in the last fiscal quarter and to ensure the company maintains its commitment to delivering extraordinary Member Service.
- On May 6th, 2021 OTC Markets lifted the Company's shell risk designation on otcmarkets.com.
- It's a true testament to the Company's effort to have complete compliance and transparency that OTC Markets has lifted GPOX's Shell Risk Designation.
"We had a strong quarter. I'm pleased that we have been able to start proving our business model and have experienced growth in our revenue. Our team is growing, our sales are growing, the company is growing, and we're just getting started!", said Brett H. Pojunis, CEO of GPOX. "Ever since our uplist to OTCQB® Venture Market, we felt it was only a matter of time for them to lift our shell risk designation, and we are thankful. We're excited to see all our hard work and effort to remain compliant and hyper-transparent has rewarded us in that regard. We have a lot of exciting things going on, and I'm looking forward to providing our shareholders and the entire investment community with regular updates along the way, so be sure to sign up for our IR Portal on our corporate website GPOPlus.com."
Sign up for your FREE account on the GPOX Investor Relations Portal:
Once you Activate your GPOX IR 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 GPO Plus, Inc. (GPOX)
Headquartered in Las Vegas, Nevada, GPO Plus (OTCQB: GPOX) is a publicly traded diversified corporation operating industry specific Group Purchasing Organizations (GPO). The main holdings are HealthGPO, a Group Purchasing Organization for the Healthcare industry, and cbdGPO, a Group Purchasing Organization for the CBD and Hemp industry. In addition, GPO Plus offers professional services through GPOPRO Services. For more information please visit www.GPOPlus.com. To activate your free GPOX IR Account at www.GPOPlus.com/ir.
About OTC Markets Group, Inc.
OTC Markets Group Inc. operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 11,000 U.S. and global securities. Through OTC Link® ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors. To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.
OTC Link ATS and OTC Link ECN are SEC regulated ATSs, operated by OTC Link LLC, member FINRA/SIPC.
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.
GPO Plus's Contacts:
Investor Inquiries:
Brett H. Pojunis, CEO
Email: ir@gpoplus.com
Shareholder's Line: 855.935.GPOX (4769)
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/85013
