LMP Announces Closings on its Stage 1 Acquisitions and Expects its Highest Revenue and Gross Profit this Month in the History of the Company
LMP Automotive Holdings, Inc. (LMPX)
Company Research
Source: GlobeNewswire
FORT LAUDERDALE, Fla., March 05, 2021 (GLOBE NEWSWIRE) -- LMP Automotive Holdings, Inc. (NASDAQ: LMPX), an e-commerce and facilities-based automotive retailer in the United States, today announced closings on its stage 1 acquisitions, which it expects to lead to its highest revenue and gross profit this month in the history of the company. Revenues are expected to increase over 700% this month compared to our average month in the third quarter of 2020, as a result of these closings, which are expected to be immediately accretive to income. Sam Tawfik, LMP’s Chief Executive Officer, stated, “On behalf of the board of directors, myself and the LMP team, I want welcome our new partners to the LMP family. We all look forward to working together to expand on your historical successes. I also want to thank Richard Aldahan, our Chief Operating Officer, who demonstrated his experience and professionalism in being the mid-wife to these transactions, carrying them from origination to consum
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