OLIVE BRANCH, Miss., Nov. 28, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE – MedCareers (MCGI: OTC pink) is pleased to announce that The 4Less Corp. (“4Less”, or the “Company”), the owner of Liftkits4less.com, (www.liftkits4less.com) (“4Less”) has opened the first of four planned regional warehouses. Las Vegas is the home of the 4Less’s first warehouse distribution center which will be used in similar fashion as the Amazon model; a fulfillment center for several of their manufacturers. This is a strategic partnership with key manufacturers that will greatly reduce ship times without the added financial burden of buying inventory.
“We are very happy to announce our first warehouse is fully operational and now shipping and receiving products,” Christopher Davenport, President and Founder of 4 Less, goes on to state, “Development and implementation of our new warehouse inventory management system is now fully integrated with our e-commerce platform. This system allows all elements of our supply chain, from customer shopping to order fulfillment, to be controlled from one central dashboard in real time. This will allow us to reduce shipping times to several million west coast customers while enhancing profitability. In addition, Amazon has recognized that we are able to ship efficiently from the new warehouse and in doing so has granted the coveted Amazon “Prime” Badge on our products housed in our new Las Vegas warehouse.”
4Less had also made a financial arrangement at the beginning of the year (previous to the LOI with MCGI) with the warehouse landlord who invested cash in the Company and also gave some rent rebates valued at approximately $1 million in exchange for a 10% ownership stake in the Company.
“4Less is hitting all the hot button issues to increase efficiency and competitiveness in preparation for increased sales in 2019,” said Tim Armes, President and CEO of MedCareers. “From a new back-end IT system, to launching the warehouse, Christopher is expanding the capacity of the Company to offer more products at a lower cost while delivering them faster to end users.”
CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
MedCAREERS Group, Inc.
MedCareers Group, Inc.'s focus to date had 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
This press release may contain forward-looking statements, including information about management's view of the Company's future expectations, plans and prospects. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. Such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that its forward-looking statements will prove to be correct. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, product or services development and acceptance, the impact of competitive services and pricing, or general economic risks and uncertainties. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. The Company takes no obligation to update or correct (i) its own forward-looking statements, except as required by law, or (ii) those prepared by third parties that are not paid for by the Company.
For more information, contact:
Tim Armes
President and CEO of MedCareers Group, Inc.
Phone: 662-510-8992
Email: tarmes@nurseslounge.com