Quarterly Financials Q1 ended April 30th 2020 - Gross Revenue - $2,000,071 Net Profit - $1,186,898(debt retirement inflated profit)
Audited Financials With Increasing Revenues
2016 - $4,773,730 ( Gross Profit $772,788 )
2017 - $6,989,134 ( Gross Profit $1,031,785 )
2018 - $8,312,610 ( Gross Profit $2,197,106 )
2019 - $8,186,214 ( Gross Profit $1,911,025 ) (discontinued sales on Amazon)
Q2 ended July 31st 2020 - Gross Revenue - $2,927,209 Net Profit - $394,962
Christopher Davenport Bio Timothy Armes Bio
Mr. Davenport received his MBA from the University of California in September 2005 where he was recognized by his classmates as “the Most Innovative Thinker”. Before founding The 4Less Corp, Mr. Davenports’ previous business provided mobile dental services to the employees of the largest gaming corporations in the world. These contracts covered the lives of several hundred thousand employees on the Las Vegas strip. Due to the nature of the mobile facilities, Mr. Davenport implemented several new technologies at the time such as: filmless radiography, virtual patient charts and VPN networks to make for seamless quality health care. Soon after, Mr. Davenport expanded his mobile dental company to the military where he won several multiyear, multi-million dollars medical/dental National Guard Medical Readiness contracts. Mr. Davenport has a proven history of implementing innovative technologies that demonstrates his ability to lead The 4Less Corp into the future.
Mr. Armes has served as President and Chief Executive Officer of The 4Less Group (formerly MedCareers Group, Inc.) since August 2011. From February 2011 to August 2011, Mr. Armes served as the Chief Operating Officer of the Company. Since August 2011, Mr. Armes has served as the Chairman, Chief Executive Officer, President, Secretary and Treasurer of the Company. In 1992 Mr. Armes launched one of the first online job bulletin boards which eventually grew into jobs.com. As CEO of Jobs.com he raised over 100 million dollars and grew it into one of the top employment web sites before leaving the company in May of 2000. Mr. Armes began his career as an auditor for Ernst and Young and then as a real estate workout specialist with different firms in the mid 1980’s. Mr. Armes obtained a Bachelor of Business Administration degree in Accounting from the University of Texas in 1980 and passed the Certified Public Accountant exam.
OS/AS Updates - source:https://www.otcmarkets.com/stock/FLES/security
9/15/2020 - OS 1,043,410 TA Verified
8/26/2020 - OS 904,972 per Sep 14th 10Q
8/20/2020 - OS 904,972 TA Verified
7/22/2020 - OS 904,972 TA Verified
7/17/2020 - OS 904,972 TA Verified
6/15/2020 - AS 1,000,000,000 OS 715,067 TA Verified
6/12/2020 - OS 681,867 per 10Q
5/13/2020 - OS 620,825 TA Verified
5/5/2020 - OS 620,825 per 10K
4/20/2020 - AS to be reduced to 1B shares from 20B shares effective around 20 days from filing(~May 12th 2020).
4/13/2020 - OS 564,764 TA Verified
3/12/2020 - OS 538,464 TA Verified
3/5/2020 - OS 538,464 (Corrected Post-Split) TA Verified
2/25/2020 - OS 331,199 shares(Post Reverse Split)
1/24/2020 - OS 2,147,058,130 shares (Pre Reverse Split)
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
Reverse Split PRE-14C and DEF-14C filed with the SEC stating a 4000:1 Reverse split.
Approximately 2.15B shares will reverse split to 538K shares
RS on FINRA Daily List Effective 2/25/2020 00:00:00