Labor SMART, Inc. Opens New Office in Alabama
June 26 2014 - 8:00AM
Marketwired
Labor SMART, Inc. Opens New Office in Alabama
Company Now Has Presence in Montgomery, Birmingham and
Mobile
HIRAM, GA--(Marketwired - Jun 26, 2014) - Labor SMART, Inc.
(OTCQB: LTNC) (the "Company"), a leader in providing of on-demand
blue collar staffing primarily in the southeastern United States,
today announced it has opened its 30th branch, in Montgomery,
Alabama. Labor SMART also has Alabama offices in Birmingham
and Mobile.
Ryan Schadel, Labor SMART's CEO stated, "We've been adding to
our network of branch locations throughout the Southeast this year
in response to the growing demand for our services. In addition to
this Montgomery branch, we expect that two additional branches will
open in the next few weeks." Schadel added that the second and
third quarters historically are the strongest for Labor
SMART. "These new offices will immediately help serve the
business needs of their communities, and we expect to see a
substantial contribution to our revenue stream later this year once
they become more established."
Labor SMART continues to grow its business, both organically
through new offices as well as with certain strategic acquisitions.
The company recently announced it has become self-insured in 14
states. This new large deductible worker's compensation insurance
policy will improve cash flow, result in a lower cost of sales and
add one to three hundred basis points to the company's gross profit
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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