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Las Vegas, NV, Sept. 27, 2021 (GLOBE NEWSWIRE) -- The 4Less Group, Inc. (OTCQB: FLES) announces a new Profile Report recently released and published by WallStreet Research™ (WSR), a top-ranked independent research firm with a history spanning over four decades. WallStreet Research™ is ranked Number One on the Google, Yahoo, and Bing search engines for both small and micro-cap research with a global following. The WSR Profile Report on The 4Less Group, Inc., together with additional information about WallStreet Research™, is available at www.WallStreetResearch.org. The WSR Profile Report highlights the Company’s recent accomplishments and growth plans for 2021 and beyond.
Mr. Alan Stone, CEO of WallStreet Research™ has stated: “We are pleased to commence initiation of WSR Profile coverage on The 4Less Group, Inc., a fast growing, vertically integrated, global auto parts sales and supply e-commerce company. The Company’s new website, www.AutoParts4Less.com now in beta testing, looks extremely promising and is positioned for rapid growth in 2021 and 2022. Our report includes analytics and metrics on how the company compares favorably to its industry competitors and highlights the growth trends in the online e-commerce industry within the automotive aftermarket sectors. Our research team includes three top ranked equity analysts.”
Highlights of the Report
The 4Less Group, Inc. (OTCQB: FLES) (the Company), headquartered in Las Vegas, Nevada, owns and operates various e-commerce websites and functions efficiently as a retailer and distributor of auto and truck parts in the United States. Presently it offers exhaust systems, suspension systems, wheels, tires, stereo systems, truck bed covers, and shocks through its LiftKits4LESS.com, Bumpers4LESS.com, and TruckBedCovers4LESS.com Websites.
The Company offers parts for over twenty-eight makes of vehicles and for over one hundred models. There are products for sixty-six subcategories including wheels, electronics, and interior parts.
The Company will be taking proactive measures to drive revenue growth, such as sourcing additional funding and reducing operating expenses. Once achieved, and assuming future capital raises are successful, the Company will be in a stronger position to grow its revenue streams and scale its business given the exceptionally large market size that they compete in. The Company has previously given guidance of revenues between $13-14 million for the current fiscal year ending January 31, 2022, and its revenues have grown by 28% in the first half of this current fiscal year.
About The 4Less Group, Inc. (OTCQB: FLES)
The 4Less Group, Inc. (the “Company”) is an auto parts e-commerce retailer and distributor incorporated in Las Vegas, Nevada, listed on the OTCQB under symbol FLES. Originally selling aftermarket accessories products such as exhaust systems, suspension systems, wheels, tires, stereo systems, truck bed covers and shocks. In late 2015, the Company began by selling suspension lift kits and other aftermarket parts under the name Lift Kits 4Less on established marketplaces such as eBay and Amazon. In 2016, the Company generated $2.4 million in topline sales. In November 2018, with topline sales increasing to approximately $8 million, the Company went through a reverse merger with The 4Less Group, Inc. and initially began trading on the OTC under the symbol (FLES). The Company has transitioned the majority of their sales from third party marketplaces with the funds received in the merger and via subsequent capital raises to their own e-commerce sites and is currently focused on the continued growth of LiftKits4Less.com and their automotive marketplace platform, AutoParts4Less.com, that is now in beta test.
Historically, the Company has specialized in e-commerce for aftermarket automobile parts market. Recently they have increased the number of parts sold on Liftkits4less.com from approximately 60,000 to over 200,000 with an expected few hundred thousand more to be made available on the site in the coming year. These parts typically come from third party manufacturers and are used to customize vehicles or increase their performance.
With the launch of their automotive marketplace, AutoParts4Less.com, the company expects to have available for sale millions of unique SKUs, not only for cars and trucks but also motorcycles, boats, powersports and more, as well as multiple sellers for most SKUs listed which in turn will provide customers with more options. The Company is developing best in-class technological modules to increase visitor conversions by adding how-to content and various other services to the websites. Current marketing and branding strategy presently consist of strong SEO traffic, pay-per-click as well as sponsoring drivers in the NASCAR motor sports.
Additionally, as a platform business model, the AutoParts4Less.com marketplace is highly scalable and can take advantage of the network effect meaning as more sellers participate on the platform it will attract more sellers and thus more buyers.
Information on FLES can be found at www.the4lessgroup.com.
About WallStreet Research™
WallStreet Research™ (WSR) is a prominent boutique research firm led by Mr. Alan Stone, Managing Director of Alan Stone & Company, LLC (ASC). The firm specializes in the micro-cap and small cap investment arena, looking for emerging growth companies with strong management, unique or proprietary technology, significant market potential, financial strength, and outstanding long-term earnings growth possibilities. The firm has offices in Los Angeles, CA; Palm Beach, FL; and New York City, and is well known for discovering undervalued companies and bringing them to the attention of the investment community. ASC/WSR also arranges road shows for its publicly traded and pre-IPO clients, in the investment community in New York City, California, Nevada, and Florida. www.WallStreetResearch.org.
The information presented herein is not to be construed as an offer to sell, nor a solicitation of an offer to purchase, any securities. This corporate profile is not a research report, but a compilation of information available to the public, which has been furnished by the featured company or gathered from other public sources, in each case without independent verification; and no representations are made as to the accuracy or validity thereof. The information may include certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Commission Act of 1934, which may be affected by unforeseen circumstances or certain risks. Any investment in security contains inherent risks, is speculative, and should only be done after consulting an investment professional. The featured company engaged ASC / Wall Street Research for profile report coverage and has paid a fee of $8,500 in cash to Alan Stone & Company LLC for preparation and distribution of this WSR Profile report, including other potential fees associated with various consulting, conferences, and investor relation services. Future fees will be due for updated reports. For complete disclaimer information, readers are hereby referred to the Disclaimer Page at the www.WallStreetResearch.org website.
Contact / Source:
The 4Less Group, Inc.
106 West Mayflower
Las Vegas, NV 89030
Mr. Timothy G. Armes - Chairman/CEO
Mr. Christopher Davenport – President