Auto Parts 4Less Group Inc (FLES)

[Backstabbed]

$FLES MAJOR NEWS!!!! 4Less Group Increases Sales by 42% and Achieves Profitability

https://www.otcmarkets.com/stock/FLES/news/story?e&id=1692261

Las Vegas, Nevada--(Newsfile Corp. - September 15, 2020) - The 4Less Group, Inc. (OTC PINK: FLES) is pleased to announce that is has increased sales by 42% from $2,059,700 for Q2 2019 to $2,927,209 for Q2, 2020. During this time, gross profits increased by 84% from $502,083 to $925,617. The 4Less Group also logged in a positive net operating income of $83,110 as compared to a loss of $459,797 for the same quarter last year which is an increase in operating income of more than $500,000.

"We are very pleased to have hit almost $1,000,000 of sales per month for this past quarter representing an increase of over 40% from same quarter last year" said Christophor Davenport, founder and president of Auto Parts 4Less, Inc., The 4Less Group's wholly owned subsidiary. And, as promised, we have cut costs in conjunction with our sales increase to hit profitability which is very impressive this early on for a growth online platform."

"The past six months have been pivotal for the Company, as we have removed all convertible debt from our books, reduced debt by over $3,600,000, increased sales by over 40% and achieved profitability," said Timothy Armes, President and CEO of The 4Less Group.

"Additionally, we have recently started the development of our Auto Parts Marketplace Platform which we believe will be a game changer in the industry. As, what we believe will be one of the first true standalone marketplace's for auto parts (as opposed to reseller sites), it will allow manufacturers as well as resellers to list their parts directly on the AutoParts4Less.com platform for selling direct to consumers." added Christopher Davenport.

On September 9, 2020, the company filed a PRE 14C to reduce its common shares authorized from 1,000,000,000 to 15,000,000.