Highlights:
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560% Year over Year revenue growth. Reporting $4.35 million annual revenue.
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Deployed proprietary AI-powered technology platform PRISIM+ - Predictive Route Inventory + Service Management - designed to optimize GPOX operations.
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Expanded DSD distribution in three service areas with three new distribution Mini-Hubs
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Expanded retail network adding TXB Stores - Texas Born - convenience stores with 52 locations.
LAS VEGAS, NV / ACCESSWIRE / December 6, 2024 / GPO Plus, Inc. (OTCQB:GPOX ), an AI-powered Distributor revolutionizing distribution to gas stations and convenience stores with its innovative technology-driven Direct Store Delivery (DSD) model, is proud to provide this shareholder update reviewing accomplishments and new initiatives to drive recurring revenues for sustainable growth.
The focus for GPOX over the past year was getting really good at Direct Store Delivery (DSD) - building systems, improving operations, integrating AI tools, refining our model, and expanding our market presence - solidifying our position as a leader in the convenience store and gas station distribution sector.
GPOX seamlessly incorporated AI into their operations, embedding AI into our proprietary technology platform (PRISM+) to provide a state-of-the-art distribution service primarily to convenience stores and gas stations. This integration was an organic step in our evolution, driven by the clear advantages AI offers in optimizing logistics, inventory management, and overall scalability. Our advanced distribution service, which is focused on convenience stores and gas stations, benefits directly from this forward-thinking approach. We grow by adding retail stores to our network and distributing more products to these retail partners. This includes expanding the private label products that we manufacture to increase our margin greatly. As our network grows, our group purchasing power increases, as do our margins and profitability. Most of our competitors set up their systems decades ago, limiting their ability to take advantage of new technology and systems. This provides GPOX a competitive advantage to improve a business model that has fundamentally remained unchanged for over 40 years.
We are pleased to report Year over Year Growth of over 560% in our last Annual 10-K Filing. Increasing revenues to over $4.35 million in gross sales for the period ending April 30, 2024, as compared to $653,516 for the period ending April 30, 2023. This was accomplished in what we considered a building and development phase. GPOX is now moving into an accelerated growth phase and is ready to scale!
https://www.accesswire.com/951191/gpoplus-shareholder-update