HIRAM, Ga., March 8, 2013 /PRNewswire/ -- Labor SMART,
Inc. (OTCQB: LTNC) today reported a 115% increase in revenues for
the month of February.
The Month of February saw record revenues of $778,748 up from $361,704 a year earlier, representing an increase
of 115% for the month. Although a much shorter month, February also
saw a 34% increase in revenue over the month of January 2013. To date, Labor SMART has
experienced a 116% increase in revenues for their first two months
of operations in 2013.
Recently, Jim Cramer of CNBC's
hit show Mad Money listed the Staffing Industry as one of his top
ten picks for 2013. Between the recovery of the U.S. economy and
companies preparing for initiation of Obamacare in 2014, temporary
staffing companies have been picking up the employment slack and
flourishing in this economy. This trend is expected to continue
through 2013 and beyond. Hence, Cramer's bullish recommendation for
staffing companies.
Ryan Schadel, Labor SMART's CEO,
stated, "This is a very exciting time for our operations as we
continue to surpass expectations with the production of record
revenues during what is normally considered to be our industry's
slowest months out of the year." He also stated, "As we continue to
move ahead with our strategic business model, which includes the
opening of several more branches in several states, we are
extremely optimistic with our goals as we now start to enter much
stronger producing months."
The company also said it expected to announce the appointment of
an additional board member in the coming days.
To see CNBC's Mad Money Jim Cramer's bullish recommendation on
the staffing industry go to:
http://www.cnbc.com/id/100389422/Obamacare_Drives_a_Bull_Market_In_Staffing_Agencies
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 Vazquez
754-204-4549 or
Email: shareholderrelations@laborsmart.com
SOURCE Labor SMART, Inc.