MedCareers Group, Inc. Signs Binding Agreement
with The
4 Less Corp.
Dallas, TX -- June
18, 2018 -- InvestorsHub NewsWire --
MedCareers
Group, Inc. (MCGI:
OTC pink) is pleased to announce that it has entered into a
binding letter of intent ("LOI") with The 4 Less Corp. ("4Less"),
owner of several branded ecommerce web sites including their flag
ship web site Liftkits4less.com (www.liftkits4less.com) ("Liftkits"), to
acquire one hundred percent of the company.
Per
the
binding
LOI, and
subject
to satisfactory due diligence, MCGI will
enter
into a definitive agreement with 4Less
within
the next one hundred and
twenty days to
finalize
the
acquisition.
4Less operates in the
$43 billion specialty aftermarket auto parts industry and has
quickly grown into one of the largest on-line sellers of Jeep,
Truck and SUV suspension systems and related accessories targeting
direct to consumer and installation shops here in the US and ships
worldwide.
4Less
established
www.LiftKits4Less.com
approximately 3 years
ago. In 2015, their first year of operations, Liftkits had revenues
of $2.4M which they grew by 280% to $6.8M in 2017 and was close to
break even. For 2018 they
are
on track
to surpass revenues of 9 million dollars.
Liftkits president
and founder, Christopher Davenport, claims they owe their success
to superior customer service, targeted functional web sites and
easy to follow "how to" instructional videos that they film in
their installation shop in Las Vegas.
Additionally, with
their proven business model, experienced
management team, and relationships
with thousands of manufacturers,
4Less is
in the early stages of launching other related auto
equipment ecommerce
websites
including
Bumpers4Less.com, Shocks4Less.com and Truckbedcovers.com to name a
few.
"In a very short time
Christopher and his team have done an outstanding job building
Liftkits into a leading ecommerce website for off road enthusiast
while creating a platform that can be replicated profitably in
numerous segments across the specialty auto equipment industry."
said Tim Armes, President and CEO of MedCareers Group, Inc..
"We think
4Less has strong growth opportunity and believe Chris
and his
team has the potential to
grow the company in a significant way based on his current
achievements."
"We are
extremely
excited
to be joining MedCareers
Group, Inc" says Chris Davenport. "Our goal is to be a
major ecommerce player in the aftermarket auto parts
industry and,
by
merging
with MCGI, we will be
able to
access capital
markets for
faster
internal
growth as well as for strategic acquisitions in order to
achieve this goal more
efficiently."
This
press release should be read in conjunction with the 8K filed
at www.sec.gov
MedCAREERS
Group, Inc.
MedCAREERS Group,
Inc.'s focus to date
has 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
CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING
STATEMENTS
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:
972-393-5892
Email:
tarmes@nurseslounge.com