New to The Street’s TV Host / Multi-media Journalist Ana Berry interviews Christopher Davenport, Chief Executive Officer of Auto Parts 4Less Group, Inc. (OTCQB: FLES) ($FLES). From the SEMA Auto Trade Show, held in Las Vegas, NV, Christopher talks about the Company’s unique and disruptive technology platform, which is revolutionary in buying and selling auto parts. The Company’s online auto-part marketplace, AutoParts4Less.com is a technology-driven vertical that enables buyers and sellers to interact in selling parts for cars, trucks, motorcycles, ATVs, UTVs, and boats. The Company’s successful growth focuses on three steps: 1) technology infrastructure, 2) merchant simplifications, and 3) branding. Christopher explains that any auto parts suppliers, at minimum, have over 200,000-part inventories, and AutoParts4Less.com makes it easier for buyers and sellers to source parts more efficiently. Large part suppliers and others can integrate their technology platforms as a Plug-and-Play solution onto the AutoParts4Less.com ecosystem, simplifying the inventory onboarding and updating process. Christopher stated that the Company announced at the show that the platform now has about 2 million parts on the site. During the interview, Christopher stands in front of a NASCAR car featuring the Company logo, AutoParts4Less.com. Branding is essential for the business model to grow the platform by attracting more buyers and sellers. The Company makes more revenue from the transactional fees associated with part purchases, so more buyers and sellers on the platform is important. Since AutoParts4Less.com only provides the marketplace transactional platform, the part sellers are responsible for shipping, inventory controls, and customer service. As such, the capital expenses to operating the marketplace are very low. Disruptive technological advancements like the Airbnb and Uber platforms changed those industries. AutoParts4Less feels they have a disruptive platform for the auto parts industry, making for an attractive investment opportunity. The Company publicly trades on the OTCQB with the trading symbol FLES. The on-screen QR code is available during the show; download or visit AutoParts4Less Group, Inc. – https://www.the4lessgroup.com/, https://www.autoparts4less.com/ & https://liftkits4less.com/.
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