Labor SMART, Inc. Opens Two New Offices
April 01 2014 - 9:15AM
Marketwired
Labor SMART, Inc. Opens Two New Offices
Locations in Savannah and Knoxville Continue to Further
Company's Growth in Southeastern US
HIRAM, GA--(Marketwired - Apr 1, 2014) - Labor SMART, Inc.
(OTCQB: LTNC) (the "Company"), an emerging provider of on-demand
blue collar staffing primarily in the southeastern United States,
today announced the opening of two new offices in Savannah, Georgia
and Knoxville, Tennessee.
"These two new markets are an important addition to our growing
footprint. Our research of these markets show a strong labor force
and excellent growth potential in the construction sector, which is
one of our primary targets for new clients," said Ryan Schadel,
president and CEO of Labor SMART. "We have had a very strong
beginning to 2014, despite unusually harsh weather that has plagued
most of the country during this period. We are very optimistic
as we enter the spring and summer months that we can continue to
achieve our growth goals and expect a flurry of new branch openings
and perhaps several acquisitions." Schadel also pointed to a recent
Wall Street Journal economics blog that indicated that about 10
percent of all new jobs created since the end of the recession have
been either temp or contract positions.
Labor SMART's experience so far this year reflects this as
well. The company has reported substantial increases in
year-over-year sales among those offices that have been in
operation for more than a year. The company has publicly
stated that its growth plan includes organic growth among existing
offices, the addition of new offices like these, and potential
acquisitions.
The new offices are in operation now and will serve clients in
their respective markets.
Schadel also said the company expects to file its 10K for fiscal
2013 within the allotted time of the automatic extension, which the
company filed late last week.
About Labor SMART, Inc.
Labor SMART, Inc. provides On-Demand temporary labor to a
variety of industries. The Company's clients range from small
businesses to Fortune 100 companies. Labor SMART was founded to
provide reliable, dependable and flexible resources for on-demand
personnel to small and large businesses in areas that include
construction, manufacturing, hospitality, event-staffing,
restoration, warehousing, retailing, disaster relief and cleanup,
demolition and landscaping. Labor SMART believes it can make a
positive contribution each and every day for the benefit of its
clients and temporary employees. The Company's mission is to be the
provider of choice to its growing portfolio of customers with a
service-focused approach that enables Labor SMART to be seen as a
resource and partner to its clients.
Safe Harbor Statement
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 U.S. Securities
and Exchange Commission.
Contact: Beverly Jedynak Martin E. Janis & Company, Inc.
312-943-1123 bjedynak@janispr.com
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