LAS VEGAS, NEVADA, Oct. 24, 2022 (GLOBE NEWSWIRE) — GPO Plus, Inc. ( GPOX), a publicly traded company of diversified Group Purchasing Organizations (GPOs) using the facility of Group Purchasing to save lots of businesses money, announced the signing of a Binding Letter of Intent (LOI) Asset Purchase Agreement to accumulate assets of Betterment Retail Solutions, Inc. (“Betterment”), including its progressive “Feel Good Shop.”
Betterment developed a robust DSD (Direct Store Distribution) infrastructure catering to over 470 retail locations throughout Texas, Recent Mexico, Oklahoma, South Dakota, Iowa, Kansas, Wyoming, Missouri and Nebraska. Strong relationships with retailers include Yesway/Allsups, Texas Born, and CEFCO.
The Feel Good Shops is a “store inside a store” concept at local retailers offering CBD and other cannabinoid (Delta-8, HHC, etc.) products from leading corporations including Martha Stewart, Kill Cliff, Cover Growth, John Daly Collection, and CaliGold. The Betterment and Feel Good Shops assets are to be managed under DISTRO+, GPOX’s distribution division, and GPO for specialty retailers and wholesalers.
Dorsey Sparks, President of Betterment said “I could not be happier in regards to the opportunity with GPOX and DISTRO+. This partnership will support multiple growth opportunities and permit us to serve an exponentially larger customer base with our curated, best in school products. I’m excited to work with such a talented and energetic team!”
Joseph Jaconi, President of DISTRO+, said “We’re elated to have reached an agreement with Betterment that may increase our (DISTRO+) distribution footprint immediately adding over 470 retail locations. This creates an incredible opportunity to generate additional sales from our distributed and owned brands like HERBERALL®, and enables us to expand our portfolio of products while increasing revenue for GPOX.”
Brett H. Pojunis, CEO of GPOX, said “We’re extremely excited to work with Dorsey and proceed to grow our distribution! Moreover, this asset purchase is a vital step forward in the general execution of our acquisitive growth technique to construct additional long-term shareholder value.”
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About Betterment Retail Solutions
Betterment RS cuts through the clutter of crowded, emerging categories to search out one of the best in alternative and emerging health products. Betterment pairs its unmatched vetting process with extensive market knowledge to curate the proper offering for every retailer. The product portfolio is diversified by high-potential ESG health and wellness brands, CBD Products and other leading edge Hemp Derived solutions. Betterment offers true full-service DSD including store ordering, inventory management, store staff training, and maintaining and detailing shelf space for our retail partners. Betterment owns and operates The Feel Good Shop.
Betterment has offices and a full service logistics facility in Lubbock, Texas. For more information, please visit https://bettermentrs.com and https://thefeelgood.shop.
About DISTRO+
We help retailers lower your expenses + simplify purchasing!
DISTRO+ is a Group Purchasing Organization (GPO) + distributor of premium products for the emerging specialty retailer sector and wholesalers. DISTRO+ proudly represents best-in-class brands specializing in nutraceuticals, hemp derived products including flower, prerolls, gummies, sublingual strips and more utilizing the most recent compounds and ingredients corresponding to HHC, Farm Bill Compliant Delta 8 and Delta 10, THC-O, THC-P, and Kratom. All of that is backed by a sturdy technology portal that provides our small and medium sized partners (we call them “Members”) the IT backbone to administer logistics, inventory, payments while shopping from real time product catalogs and inventory. Through the facility of Group Purchasing, DISTRO+ offers its network competitive pricing with low MOQs that realize similar discounts as major retailers with large buying power. Visit DISTRO.Plus for more information.
About GPOPlus+ (GPOX, Financial)
Headquartered in Las Vegas, Nevada, GPOPlus+ ( GPOX) is a publicly traded company of diversified Group Purchasing Organizations (GPOs). Our Purpose is to save businesses money by activating the facility of Group Purchasing and our Mission is to create value for our GPO Members, partners, suppliers, and shareholders.
Our Mantra:
We Aggregate, Negotiate + Share!
- Aggregate – We aggregate the purchasing power of our Members.
- Negotiate – We leverage buying power to negotiate discounts.
- Share – We share the discounts with our Members and save them money.
For more information, please visit www.GPOPlus.com. To activate your free GPOX Investor Account at www.GPOPlus.com/ir.
Details about Forward-Looking Statements
This press release incorporates “forward-looking statements” that include statements regarding expected financial performance and growth information referring to future events. Forward-looking statements include statements with respect to beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other aspects, which could also be beyond the control of the Company and its officers and managers, and which can cause actual results, performance or achievements to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements shouldn’t be read as a guarantee of future performance or results and is not going to necessarily be accurate indications of the times at, or by which, that performance or those results will probably be achieved. Forward-looking statements are based on information available on the time they’re made and/or management’s good faith belief as of that point with respect to future events and are subject to risks and uncertainties that would cause actual performance or results to differ materially from those expressed in, or suggested by, the forward-looking statements. Essential aspects that would cause these differences include, but will not be limited to; inability to realize or maintain licenses, reliance on unaudited statements, the Company’s need for added funding, governmental regulation of the cannabis industry, the impact of competitive products and pricing, the demand for the Company’s products, and other risks which are detailed from time-to-time within the Company’s filings with the USA Securities and Exchange Commission. All statements aside from statements of historical fact are statements that could possibly be forward-looking statements. You’ll be able to typically discover these forward-looking statements through use of words corresponding to “may,” “will,” “can” “anticipate,” “assume,” “should,” “indicate,” “would,” “imagine,” “contemplate,” “expect,” “seek,” “estimate,” “proceed,” “plan,” “point to,” “project,” “predict,” “could,” “intend,” “goal,” “potential,” and other similar words and expressions of the longer term. The Company expresses its expectations, beliefs and projections in good faith and believes that its expectations reflected in these forward-looking statements are based on reasonable assumptions. Nonetheless, there isn’t a assurance that these expectations, beliefs and projections will prove to have been correct. Such statements reflect the present views of the Company with respect to its operations and future events, and are subject to certain risks, uncertainties and assumptions referring to its proposed operations, including the chance aspects set forth herein. Should a number of of those risks or uncertainties materialize or should the underlying assumptions prove incorrect, the Company’s actual results may vary significantly from those intended, anticipated, believed, estimated, expected or planned. In light of those risks, uncertainties and assumptions, any favorable forward-looking events discussed herein may not be realized and occur. The Company has no obligation to update or revise its forward-looking statements, whether because of this of latest information, future events or otherwise. For a more detailed description of the chance aspects and uncertainties affecting GPO Plus, Inc. GPOX, please confer with the Company’s recent Securities and Exchange Commission filings, which can be found at www.sec.gov. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of this of latest information, future events, or otherwise.
Company Contacts:
Betterment Retail Solutions Contact:
Dorsey Sparks, President
Lubbock, TX
Email: [email protected]
DISTRO+
Joseph Jaconi, President
Email: [email protected]
Shareholder Success Team+ Investor Relation Contacts:
Brett H. Pojunis, CEO
Email: [email protected]
Shareholder’s Line: 855.935.GPOX (4769)
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