Labor SMART, Inc. Surpasses Year-to-Date Revenues of $13 Million
October 23 2013 - 7:55AM
Marketwired
Labor SMART, Inc. Surpasses Year-to-Date Revenues of $13 Million
Company Sees Little Impact From Government Gridlock
HIRAM, GA--(Marketwired - Oct 23, 2013) - Labor SMART, Inc.
(OTCQB: LTNC) (the "Company") is pleased to announce Year-To-Date
(YTD) revenues of $13,118,257 as of October 18, 2013, as the
Company continues to see strong sales in the month of October.
Additionally, the Company experienced very little revenue impact
from the recent U.S. government shutdown. The company attributes
this to its increased client base and maturing of new branches
opened this year. This has been key in the Company's continued
success in creating record revenue growth with increasing margins
and illustrates the company's ability to weather disruptions in the
marketplace.
Ryan Schadel, Labor SMART's CEO, stated, "While we noticed some
revenue decreases related to projects backed by government funding,
these decreases were largely offset by increases in other areas of
our business. He continued, "For example, our newly opened office
in Raleigh, NC exceeded $30,000 in revenue last week. For a new
office, this is an amazingly fast ramp up and illustrates the
opportunity for Labor Smart as we march toward expansion in
2014."
About Labor SMART, Inc.
Labor SMART, Inc. provides On-Demand temporary labor to a
variety of industries. Our clients range from small businesses to
fortune 100 companies. Labor SMART was founded to provide a
reliable, dependable, and flexible resource for on-demand personnel
to small and large businesses. Every day we provide manpower for
jobs in construction, manufacturing, hospitality, events,
restoration, warehousing, retail, disaster relief and more. As one
of the fastest growing temporary labor providers, our goal is to
become a nationwide resource and partner for our clients. We take
pride in the belief that we can make a positive impact each and
every day for the benefit of both our client and our temporary
employees. Our mission is to be the provider of choice to our
growing community of customers, with a service focused approach,
that positions us as a resource and partner for their business.
Safe Harbor
This release contains statements that constitute forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. These statements appear in a number of places
in this release and include all statements that are not statements
of historical fact regarding the intent, belief or current
expectations of Labor SMART, Inc., its directors or its officers
with respect to, among other things: (i) financing plans; (ii)
trends affecting its financial condition or results of operations;
(iii) growth strategy and operating strategy. The words "may,"
"would," "will," "expect," "estimate," "can," "believe,"
"potential" and similar expressions and variations thereof are
intended to identify forward-looking statements. Investors are
cautioned that any such forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties, many of which are beyond Labor SMART, Inc.'s ability
to control, and that actual results may differ materially from
those projected in the forward-looking statements as a result of
various factors. More information about the potential factors that
could affect the business and financial results is and will be
included in Labor SMART, Inc.'s filings with the Securities and
Exchange Commission.
Public Relations and Shareholder Information Joseph M. Vazquez
Phone: (678) 279-5810 Email:
shareholderrelations@laborsmart.com
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