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The 4Less Corp. Increases Direct Sales On Website By 61% in Q2 2019 Compared to 2018
LAS VEGAS, Nov. 26, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- The 4Less Group, Inc. (OTC: FLES) is pleased to announce that its wholly owned subsidiary Auto Parts 4Less, Inc. (“4Less”, or the “Company”) the owner of Liftkits4less.com (www.liftkits4less.com) (“Liftkits”) has seen a 61% increase in revenue on its liftkits4less.com website for the second quarter of 2019 as compared to the same quarter last year. During Q2 2018, direct sales on the Company’s proprietary website represented 26% of overall sales for that quarter, and during Q2 2019 direct sales represented 42% of overall sales for an increase of 61% between both quarters.
“We are moving towards the 50% mark where half of our overall sales would come directly from our proprietary website,” said Christopher Davenport, President and CEO of The 4 Less Corp. “Our strategy of strong branding through easy to use content and excellent customer service is paying off as we move towards expanding our footprint with more specialized sites under our new flagship website Autoparts4Less.com.”
The Company’s goal is to derive most of its sales directly from its proprietary websites thereby benefiting from higher margins and retaining the ability to offer its own customer service directly to clients rather than relying on third party vendors. With this significant increase in direct sales in proportion to overall sales in the past year, the company believes to be well positioned to reach its goal in the future.
Morning Nik,
Long time no see yo. Dude - seems like both my investments are hanging up, FLES and NLST.
Like DME mentioned, there had been PRs this month. Nov. 2019 has actually been the most communication we’ve seen since I’ve started my position here.
We’ve seen a few bumps in PPS but nothing worth writing home about yet. I honestly think it will take some time to get out of this hole they’ve dug themselves into.
If we see an A/S reduction, I think that would be most beneficial.
GLTA
$FLES
Hmm, almost forgot the market was open today.
Lol.
$FLES
I was wondering if there were just jokers out there who make those bids, just to throw people off.
I approve this message.
:)
$FLES
Looking forward to it as well.
Happy Gobble Gobble all.
$FLES
Cool beans WNH,
GLTY as well. Happy Thanksgiving.
$FLES
Alright - I think we're going down a rabbit hole here.
Again, quoting Jack -
Well, you can focus on the set backs, but you should also stay mindful of the long plays.
I've got about 5M of that 100M estimate you speak of. Trying to get to 10M is possible.
$FLES
Morning JB516,
I'll ask Jack about that and post his response if one is provided. Thanks!
$FLES
Disregard the nonsense ya'll. See recent $FLES IR Responses below.
FLES IR Response - 22NOV2019
https://ibb.co/nMbMJLj
Hello Hoku,
1. May I suggest that you throughly review the link below too understand “dilution”. The company FLES/ management is NOT diluting the stock. Contractual lending agreements are typically a last resort to raise capital, however sometimes it is absolutely necessary to raise capital to continue growing the company while increasing revenues to become profitable. Management has no say as to if and when the lenders may choose to covert their stock under their agreements, therefore I cannot tell you when, as you put it “the dilution will end”. Clearly the company does not benefit at all from any dilution.
https://www.sec.gov/fast-answers/answersconvertibleshtm.html
2.) The large Authorized share account was a result of the reverse split and I believe this will be adjusted at some point in the future as management deems it to be appropriate. Again, please understand that FLES management is NOT diluting the stock. That would be a mischaracterization of the facts. I do not believe they will ever approach those huge numbers in outstanding shares.
3.) As you know management just yesterday November 21st, 2019 put out an extremely important and positive PR that I believe will be a huge step in increasing revenues and growing the company. I believe this is any company’s primary goal to make the company profitable and successful. As to when additional news will be released, that will depend on when management feels additional news is warranted. I feel confident in management to do so when it is appropriate. No specific timeline can be given. Would you not agree that a little bit of patience is warranted here especially since all the filing are now current, the stop sign has been removed and extremely positive news was again just released yesterday?
Once again I might suggest that shareholders should remain focused on the positive steps management is doing daily to grow the business and much less on misinformation which is constantly all over the board. In my personal humble opinion it is a huge waste of time and causes shareholders and the company MUCH more damage than good. I believe actually getting educated as to how this all works would be in everyone’s best interest.
Best regards,
Jack E. Thompson, CEO
Silver State Advisors, LLC
Direct Phone: 702-488-9281
Hello Hoku,
Once again management has shared some outstanding and very positive news!! Additionally, I believe they continue moving in the right direction, as promised, which should dispel any and all the misinformation that has circulated on the chat boards over the past few months.
Best regards,
Jack E. Thompson, CEO
Silver State Advisors, LLC
Direct Phone: 702-488-9281
FLES IR Response - 26NOV2019
Screenshot Here
Hello Hoku,
Once again management has shared some outstanding and very positive news!! Additionally, I believe they continue moving in the right direction, as promised, which should dispel any and all the misinformation that has circulated on the chat boards over the past few months.
Best regards,
Jack E. Thompson, CEO
Silver State Advisors, LLC
Direct Phone: 702-488-9281
Thanks LCJR
GLTY
$FLES
Hell yeah.
$FLES
jiggle the funds to make me giggle
Forward and Through!
Loaded and reloading till I see the 2019 10-K I guess.
Next goal increments, 5M, 7.5M then 10M.
Normally, I'll wait till EOW but I ended up loading a bit yesterday by slapping the ask @.0012 at the end of the day.
I'm with FLES for the long run so if it dips, oh well - more shares for me.
GLTA
$FLES
My opinion, the shorts that got in last week at trips level are selling their shares to take a profit.
$FLES
Wattup Nash, they let it run for three days last week.
But I get your point. It's such a roller coaster, with mostly downward spirals around here.
$FLES
Your statement is partially correct in my opinion.
Because the company entered a contractual lending agreement which traded shares for financial funding, the company did start the cycle. But it is the lenders who are selling shares, NOT the company.
But, back the the first point - the company traded the shares in the first place to get the funding they needed. Do we like to see this happening? I sure don't. Is it necessary? For now, I have no other reason to believe that it is.
GLTY
$FLES
For sure DMW. FLES is looking good. Just that there's been so many shorts picking up shares, so they're all exiting now. Once the shares trade to longer hands we should be better off.
Good luck on your holiday cooking. I just brought the turkey out to thaw the the big meal.
Happy gobble gobble all.
GLTA
$FLES
Never heard of block trading fees. I'm such a newb.
On to Google!
GLTY
$FLES
.0000x digit trading folks. Looks the the MM's are trading between themselves. Haha.
$FLES
For those who missed FLES's IR response
Hello Hoku,
1. May I suggest that you throughly review the link below too understand “dilution”. The company FLES/ management is NOT diluting the stock. Contractual lending agreements are typically a last resort to raise capital, however sometimes it is absolutely necessary to raise capital to continue growing the company while increasing revenues to become profitable. Management has no say as to if and when the lenders may choose to covert their stock under their agreements, therefore I cannot tell you when, as you put it “the dilution will end”. Clearly the company does not benefit at all from any dilution.
https://www.sec.gov/fast-answers/answersconvertibleshtm.html
2.) The large Authorized share account was a result of the reverse split and I believe this will be adjusted at some point in the future as management deems it to be appropriate. Again, please understand that FLES management is NOT diluting the stock. That would be a mischaracterization of the facts. I do not believe they will ever approach those huge numbers in outstanding shares.
3.) As you know management just yesterday November 21st, 2019 put out an extremely important and positive PR that I believe will be a huge step in increasing revenues and growing the company. I believe this is any company’s primary goal to make the company profitable and successful. As to when additional news will be released, that will depend on when management feels additional news is warranted. I feel confident in management to do so when it is appropriate. No specific timeline can be given. Would you not agree that a little bit of patience is warranted here especially since all the filing are now current, the stop sign has been removed and extremely positive news was again just released yesterday?
Once again I might suggest that shareholders should remain focused on the positive steps management is doing daily to grow the business and much less on misinformation which is constantly all over the board. In my personal humble opinion it is a huge waste of time and causes shareholders and the company MUCH more damage than good. I believe actually getting educated as to how this all works would be in everyone’s best interest.
Best regards,
Jack E. Thompson, CEO
Silver State Advisors, LLC
Direct Phone: 702-488-9281
Looks like we got new eyes on FLES. =)
$FLES
Morning DKEZ, we made a lot of progress last week. I'm paying attention to how much resistance there is, which is preventing the ticker from making gains.
I agree with your comment. We need more news to keep the growth going. I honestly think it will take the remainder of the year to see substantial growth. I'm actually looking forward to the 2019 10-K as well.
It's FLES's first year in play in the public market. Adjustments and business decisions appear to be occurring to strengthen their position. It will take a little time I guess to clear up the previous shell corp's mess before they can move on to solid runs.
At the very least, it's been entertaining to watch.
$FLES
Employees back at an early start this morning.
I'm looking forward to the Q3 and 2019 10-K release. If we continue to hit 2M revenue per quarter this year, I'm expecting a solid 2020 performance. Particularly with their new eCommerce site in the making.
FLES looking good in the long game IMO.
It's too early in the week for me to buy any shares. I'll wait till end of week to pick up more.
GLTA
$FLES
I’ve got a pile and planning to accumulate more as well. I’m in it for the long haul.
GLTA
$FLES
Just checking in. Last week was a great week.
- Q3 10-Q releases
Company is now current with their filings
- Stop Sign removed
- Great news in their recent press release
- PPS is on the climb
- There was also talk about reducing the overall A/S eventually, but since that seems like a ways out still, I wouldn’t be too concerned about that yet.
- FLES Mgmt is doing a great job
Looking forward to more progress over the next several weeks.
IMO, if $FLES files their Q3 on time, it will help solidify confidence in the company that future filings will continue to be current.
I’m really excited to seeing Q3 and Q4 filings and the 2019 10-K next year.
With their new virtual real estate, anxiously looking forward to the future of FLES.
Im not a smart trader, so I’m in this for the long run. Looking forward to FLES 2020.
GLTA
$FLES
What a great day for FLES !!! Hello Hoku,
It's only obvious there would be those who would show up to bash FLES on perhaps the best day we've had over the last several months. Sorry for those who missed buying in at the .000x level, but this ticker should be at last .02 range or more. Still a cheap buy at these levels.
2019 Q1 10-Q report, filed Oct. 28 2019
2019 Q2 10-Q report, filed Nov. 20 2019
FLES Pink Current on OTCMarket, Updated Nov. 21 2019
FLES Releases PR, Nov. 21 2019
FLES on track to hitting 8M+ revenue this year
FLES acquires autoparts4less.com website to diversify their reach across the auto parts industry
We've gotten verbal commitment from Chris D. that once FLES is current, FLES will work to remain current.
Also got word from Jack, once FLES is current - we will begin to see more press releases.
The 10-Q is being worked on daily. As I have mentioned on many occasions no one is more anxious to get it completed than management. I believe once it’s done and filed we seen more press releases.
Best regards,
Jack E. Thompson, CEO
Silver State Advisors, LLC
$FLES is working to establish hegemony over the after market auto parts industry. 2020 is going to be a rocking year for FLES.
Keep a tight fist over your shares.
My last post of the day here. Have a nice day all.
GLTA