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GPO PLUS, INC. (NASDAQ:GPOX) GPOPlus Launches New Mini Hub in Rapid City, South Dakota

Transparency directive : regulatory news

11/07/2024 15:00

This Mini Hub Improves Operational Efficiencies and Creates Expansion Opportunities in the Northern Midwest.

LAS VEGAS, NV / ACCESSWIRE / July 11, 2024 / GPO Plus, Inc. (OTCQB:GPOX), a Direct Store Delivery "DSD" company, is pioneering the future of distribution to convenience stores and gas stations with its technology-driven distribution model, announced the launch of a new Mini Hub in Rapid City, South Dakota.

The Rapid City Mini Hub will have an immediate impact on improving operational efficiencies and is a strategic step in the Company's expansion into the Northern Midwest providing additional service capabilities in North Dakota, South Dakota, Nebraska and Eastern Wyoming.

Strategic Expansion Highlights:

  • Growth into Key Markets: The Rapid City Mini Hub significantly extends GPOX's reach into Northern Midwest markets, including Bismark, ND, Caper + Cheyenne, WY, and Rapid City + Sioux Falls, SD. It will initially service approximately 40 existing retail locations, with a target of servicing 150 retail locations from this Mini Hub.

  • Enhanced Service Efficiency: These stores were previously serviced from Des Moines, Iowa. The new Rapid City Mini Hub will immediately reduce operational costs, leveraging GPOX's technology platform, PRISM+, to improve operational efficiencies. This includes shortening routes, reducing related payroll expenses, improving inventory management, and providing real-time logistics solutions, ensuring optimal service for new and existing retail partners.

  • Localized Support: The Rapid City Mini Hub allows GPOX to offer localized, weekly service in these target markets, enhancing the efficiency and responsiveness of its DSD model compared to traditional large-scale distributors.

Driven by the increasing demand in the region, this expansion was necessary. This new Mini Hub reflects both the positive feedback we are receiving from our retail network and the Company's consistent progress in improving systems, translating into increased revenues as the Company adds new locations and products. We are excited about the opportunities the Rapid City Mini Hub creates and are optimistic about our success in the region.

Connect with us on social media to view live video updates, content, and general information about GPOX and its GPOs: https://gpoplus.com/social

About GPOPlus+ (GPOX)

GPOX, a Direct Store Delivery "DSD" company, is pioneering the future of distribution to convenience stores and gas stations with its technology-driven distribution model. Our goal is clear and ambitious: "to build the largest nationwide DSD distribution company servicing gas stations, convenience stores, and beyond." Our technology-driven network, featuring strategically placed Regional Hubs and Mini Hubs, is designed to optimize efficiency and maximize reach. Central to our operations is our in-house technology platform, PRISM+. Designed to streamline the distribution process, PRISM+ supports efficient delivery, inventory management, data analytics, and overall operational excellence, enabling us to reliably and effectively meet the dynamic needs of our partners. Our mission is to consolidate the fragmented market segment managed by numerous regional vendors. Our dedication to excellence is evident in our product selection process, where we align offerings with consumer demand and partner with top-tier vendors and brands, ensuring our portfolio remains diverse and highly profitable.

For more information, please visit www.GPOPlus.com.

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.

Company Contacts:

GPOX Shareholder Success Team:
Brett H. Pojunis, CEO
Email: ir@gpoplus.com
Shareholder's Line: 855.935.GPOX (4769)

SOURCE: GPO Plus, Inc.



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