MedCareers Group, Inc. Announces the Completion of the Acquisition of The 4Less Corp.
OLIVE BRANCH, Miss., Dec. 06, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- MedCareers Group, Inc. (MCGI: OTC pink) is pleased to announce the completion of the acquisition of The 4 Less Corp. (“4Less”), the owner of Liftkits4less.com (), on November 29, 2018.
“We are extremely excited to announce the completion of our acquisition of The 4Less Corp.,” states Tim Armes president and CEO of MCGI. “During this period, Christopher and his team have continued to grow the top line sales of the business at an approximate 30% year over year. 4Less is on-target to finish 2018 with approximately $9 million in sales, after just 3 full years of operations. In 2018, The 4Less Corp made several significant improvements to their operations, such as consolidation of e-commerce activities to a single management platform and opening their first fully operational warehouse which was granted the coveted Amazon “Prime” Badge on products housed in their new Las Vegas warehouse, all of which we expect to accelerate growth and profitability in 2019.”
Armes further stated that MCGI expects to have The 4Less Corp’s fully audited financial results for their previous 2 years of operations prior to the end of January 2019 and reported to shareholders in an 8k filing.
Headquartered in Las Vegas, Nevada, The 4Less Corp is a fast growing e-commerce, automotive specialty equipment parts and accessories company with highly targeted automotive "niche" web sites created to offer consumers the best buying experience on the internet today. Utilizing unique content such as: photos, installation directions, high impact “how to videos”, and live chat support resulting in top SEO results for the company’s manufacturer’s products.
The 4Less Corp drives brand awareness and sales by selling leading manufacturer’s products not only on their websites but in the largest market places in the world including Amazon and eBay. Products are sorted by brand, height or cost in one of a kind interactive niche web sites to allow customers to compare and shop efficiently in order to quickly and accurately find the correct after-market parts for their Jeep, Truck or SUV.
The specialty equipment market includes parts and accessories that are manufactured for cars, light trucks, and other passenger vehicles as well as motorcycles, ATVs, UTVs and boats. The auto specialty equipment market is often described as “the parts you want” rather than “the parts you need” and believed to be an exemplary application for e-commerce. Examples of products that fall into the specialty equipment market include suspension systems, bumpers, exhaust systems, wheels, tires, truck bed covers, shocks and so much more.
This press release should be read in conjunction with the 8K filed at
MedCareers Group, Inc.
Prior to this acquisition, MedCareers Group, Inc.'s focus to date had been to develop and build value through its wholly-owned subsidiary Nurses Lounge, Inc., an online professional network and communication resource for nurses and stakeholder organizations such as nursing schools, associations and employers.
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CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements, including information about management's view of the Company's future expectations, plans and prospects. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. Such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that its forward-looking statements will prove to be correct. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Factors that could cause results to differ include but are not limited to, successful performance of internal plans, product or services development and acceptance, the impact of competitive services and pricing, or general economic risks and uncertainties. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. The Company takes no obligation to update or correct (i) its own forward-looking statements, except as required by law, or (ii) those prepared by third parties that are not paid for by the Company.
For more information, contact:
Tim Armes
President and CEO of MedCareers Group, Inc.
Phone: 662-510-8992
Email:
