Labor SMART Opens Seven New Branch Locations in First Half of May
May 19 2014 - 10:00AM
Marketwired
Labor SMART Opens Seven New Branch Locations in First Half of May
Total Branch Count Now at 29
HIRAM, GA--(Marketwired - May 19, 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 opened seven new offices in the past two weeks.
Located in Florida, Louisiana, Mississippi, South Carolina, and
Alabama, the new offices are in addition to seven others opened
earlier this year, bringing Labor SMART's total presence to 29
offices in the US.
Ryan Schadel, Labor SMART's CEO, stated, "Our goal was to get
these offices up and running before we enter our busiest months of
the year. The importance of this is highlighted in the fact that
four out of these seven offices had revenue in the first week of
operation due to our ever growing list of clients we service across
multiple offices and states."
Labor SMART has been implementing its strategy of organic
growth, new offices and acquisitions, which has resulted in
consistent revenue growth month over month. The company believes it
remains on track to achieve $30,000,000 in total revenue in 2014
and expects to revise up its previous guidance on gross
margins.
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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