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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With exponentially increasing revenues
2016 - 4,773,730 $ ( Gross Profit 772,788 $ )
2017 - 6,989,134 $ ( Gross Profit 1,031,785 $ )
2018 - Shold be more than 9,000,000 $ - according rumor...
2019 - Posting April 2019
( Due to fact that they recently completed their customer relations management system (CRM System)
which now allows seamless tracking of thousands of orders on multiple market platforms.
This revenue was strictly generated from ebay and Amazon.
They are now using ecommerce platform to infiltrate the online market even further.
They have a warehouse now up and running with over 3 million in inventory, supplied by the vendors, at no cost to them, until they sale that part.
They have over a 1000 vendor's onboard.
MCGI: 4 Less Corp Completes Proprietary CRM System
CEO is founder of jobs.com
CBS Corporation Acquires 38% of Jobs.Com, Inc., for $62 Million
The 4 less Corp. is acredited company with A+ rating on Better Business Bureau®
Periodically updated products video reviews
Very active on twitter and Facebook also with product reviews
They have Amazon badge
They received Designation of Amazon “Prime” Badge Status on Their Products.
Shipping Badge from Amazon that gives them basically unparalleled shipping logistics-and service for their products.
Feedbacks from Ebay buyers