Labor SMART, Inc. May 2014 Revenue Tops $2.6 Million
June 02 2014 - 8:00AM
Marketwired
Labor SMART, Inc. May 2014 Revenue Tops $2.6 Million
Company Has Exceeded $9M in Year to Date Revenue as Historically
Strong Months Commence
HIRAM, GA--(Marketwired - Jun 2, 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 $2,647,061 in revenue for the month of
May 2014 (a five week month) an increase of approximately 68
percent over 2013 May revenue of $1,578,503 (also a five week
month). For the first five months of 2014, Labor SMART has
recorded more than $9 million in revenue, compared to approximately
$5.1 million at this point in 2013.
"As we expected, we are seeing the ramp up in revenue and
business during the warmer weather and what are historically our
strongest quarters," said Ryan Schadel, president and CEO of Labor
SMART. "While we are very pleased with this revenue increase,
we think it is only the beginning of what we expect to be a
significant growth in sales in the next several months." Schadel
affirmed once again that the company is generating revenue at a
rate that enables management to remain comfortable with its
projection of $30 million in revenue for 2014.
About Labor SMART 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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