MCGI MERGER NEWS
MedCareers Group, Inc. Signs Binding Agreement with The 4 Less Corp.
DALLAS, June 18, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- MedCareers Group, Inc. (OTC pink:MCGI) is pleased to announce that it has entered into a binding letter of intent (“LOI”) with The 4 Less Corp. (“4Less”), owner of several branded ecommerce web sites including their flag ship web site Liftkits4less.com (www.liftkits4less.com) (“Liftkits”), to acquire one hundred percent of the company.
Per the binding LOI, and subject to satisfactory due diligence, MCGI will enter into a definitive agreement with 4Less within the next one hundred and twenty days to finalize the acquisition.
4Less operates in the $43 billion specialty aftermarket auto parts industry and has quickly grown into one of the largest on-line sellers of Jeep, Truck and SUV suspension systems and related accessories targeting direct to consumer and installation shops here in the US and ships worldwide.
4Less established www.LiftKits4Less.com approximately 3 years ago. In 2015, their first year of operations, Liftkits had revenues of $2.4M which they grew by 280% to $6.8M in 2017 and was close to break even. For 2018 they are on track to surpass revenues of 9 million dollars.
Liftkits president and founder, Christopher Davenport, claims they owe their success to superior customer service, targeted functional web sites and easy to follow “how to” instructional videos that they film in their installation shop in Las Vegas.
Additionally, with their proven business model, experienced management team, and relationships with thousands of manufacturers, 4Less is in the early stages of launching other related auto equipment ecommerce websites including Bumpers4Less.com, Shocks4Less.com and Truckbedcovers.com to name a few.
“In a very short time Christopher and his team have done an outstanding job building Liftkits into a leading ecommerce website for off road enthusiast while creating a platform that can be replicated profitably in numerous segments across the specialty auto equipment industry.” said Tim Armes, President and CEO of MedCareers Group, Inc.. “We think 4Less has strong growth opportunity and believe Chris and his team has the potential to grow the company in a significant way based on his current achievements.”
“We are extremely excited to be joining MedCareers Group, Inc” says Chris Davenport. “Our goal is to be a major ecommerce player in the aftermarket auto parts industry and, by merging with MCGI, we will be able to access capital markets for faster internal growth as well as for strategic acquisitions in order to achieve this goal more efficiently.”
This press release should be read in conjunction with the 8K filed at www.sec.gov
MedCAREERS Group, Inc.
MedCAREERS Group, Inc.'s focus to date has 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.
Also visit: www.the4LessCorp.com as well as www.LiftKits4Less.com
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Quote from 2/16/16 pr.
MCGI, with just under 500 million shares issued and outstanding, has traded recently in the $0.0006 range giving it a market cap of around $300,000. Should the price rise over time to between $.005 to $0.01 the market cap would equate to between $2.5 million and $5 million, which, one can argue, would still be below valuations that growing privately held platform business model companies are receiving from venture capitalists at this stage of their business. -Tim Armes http://www.otcmarkets.com/stock/MCGI/news
The Company
MedCAREERS Group, Inc (“MCGI”) (USOTC: MCGI) is dedicated to building its wholly-owned subsidiary, Nurses Lounge, Inc., into the premiere online professional network for the nursing community.
- See more at: http://www.nurseslounge.com/lounge/medcareers/index4.html#sthash.RvRkVEVZ.dpuf
The President and CEO of MCGI and founder of Nurses Lounge isTimothy Armes. He was also the founder of Jobs.com that he built into one of the top five job boards by 1999. He launched Nurses Lounge as a direct mail magazine that was published from 2003 to 2011. In mid 2009 he re-launched the website, NursesLounge.com into the professional network similar to what operates today. Accordingly, he has successful experience starting and building businesses in this space from the ground up.
A Rare Opportunity
Successful businesses in the social network space, such as Linkedin and Facebook have primarily been available to venture funds and a few well-connected insiders in the early to mid-stages of their investment cycle. MCGI, however, provides the micro investor, a chance to participate at an investment stage that may potentially provide investment returns that early investors in successful social media companies received.
- See more at: http://www.nurseslounge.com/lounge/medcareers/index4.html#sthash.RvRkVEVZ.dpuf
Showcase Your School With a Presence in the Nurses Lounge
You're In Good Company
"With the addition of these schools to our current membership we now have approximately 90 schools that will be utilizing our service. Of our target market of 600 BSN schools, this puts us right at the tipping point," said Tim Armes, president and founder of the Nurses Lounge.
http://www.nurseslounge.com/lounges/profile/15896/university-of-tennessee-knoxville
The shortage is real! As a nurse, help with the burden of the shortage by joining the Nurses Lounge campaign to connect 2 million nurses on one professional network. www.nurseslounge.com
What is the Nurses Lounge? The Nurses Lounge is a professional/social network dedicated to the Nursing Profession designed to increase communications between nurses, nurse organizations, nursing schools and nurse employers. When was Nurses Lounge formed? Nurses Lounge was first created as a local direct mail piece for nurses in 2003 and has now evolved into a professional network and resource for nurses across the country.
How much does the Nurses Lounge cost? Nurses Lounge is a completely free service for individual nurses, nurse organizations and nursing schools.
How do I get started in the Nurses Lounge? Visit our homepage at www.nurseslounge.com and then create your account using a valid email address, your name, and a password. You will then receive an activation email validating your email address where you can then login to complete your profile.
How can I advertise with the Nurses Lounge? Please visit our advertising opportunities page.
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As of July 31, 2016
O/S 571,577,017
FLOAT 347,979,442
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Management Team:
Timothy Armes is COO (MCGI) and CEO (Nurses Lounge).
Chairman (Director), President, Secretary and Treasurer
Email: Corporate@nurseslounge.com . OUR GOAL, living in an Era where there is near instant communications across the world, is that the Nurses Lounge becomes the prefered medium for information exchange within the nursing profession.
Nurses Lounge Announces Completion of Their Mobile App for iOS
http://finance.yahoo.com/news/nurses-lounge-announces-completion-mobile-133000483.html
Nurses Lounge Announces Completion of Its Android App and Approval for Content to Be Included AddThis.com Sharing Service
http://finance.yahoo.com/news/nurses-lounge-announces-completion-android-123000834.html
http://www.nurseslounge.com/home/nurses-lounge-unveils-new-hiring-solutions-programs-and-pricing/
The Nurse Lounge Networking effect explained ( Why employers will pay $$$$ to use The Nurses Lounge to fill job vacancies )
Check this link out!!
http://www.nurseslounge.com/home/the-network-effect-a-nurse-recruiters-dream/
