Labor SMART Exceeds $500,000 in Weekly Revenue for First Time
May 12 2014 - 7:50AM
Marketwired
Labor SMART Exceeds $500,000 in Weekly Revenue for First Time
Company on Track for Significant Growth in 2014
HIRAM, GA--(Marketwired - May 12, 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 it achieved a record $563,585 in revenue for the
week ending May 9, 2014. This represents the first time the company
has reached this milestone -- and exceeded its own projection of
when this type of weekly revenue would occur.
Ryan Schadel, Labor SMART's CEO stated, "This is a major
milestone for Labor SMART and sets the stage for reaching the scale
we are after, where expansion costs are outweighed by operating
income. We will complete our footprint expansion push for 2014
in the coming weeks and remain very confident in the projections
that we've made for 2014."
Labor SMART's strategy of organic growth, new offices and
acquisitions is reflected in record revenues reported by the
company for the past 19 months.
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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