Labor SMART, Inc Reports Largest Monthly Revenue in Its History

October 2014 Revenue $2.7 million; Same Branch Revenue Surges

HIRAM, GA / ACCESSWIRE / November 4, 2014 / Labor SMART, Inc. (LTNC) (the "Company"), a leader in providing on-demand blue collar staffing primarily in the southeastern United States, today announced record October revenues of $2,704,432, the most revenue achieved by the company in its history during a single monthly period. This also continues a 23-month streak of year-over-year increases for the Company. The Company also announced that Year-to-Date revenue for 2014 has exceeded $20 million.

Company-wide revenue for the five week month ended October 31, 2014 was $2,704,432, compared to October 2013 revenue of $1,642,319, which represented a four week month. Among the 15 branches open one year or more at October 31, 2014, revenue for the first four weeks of October was up 15.40% at $1,895,038 in a year over year comparison.

"Our operations continue to provide sustainable and predictable growth," said Ryan Schadel, President and CEO of Labor SMART. "We have been strengthening our company with the culling of low-margin business, self-insurance, and recently the addition of a new board member and a chief operating officer. These steps are taken in preparation for the growth in revenue, earnings and presence in the marketplace that we have targeted for the months ahead."

Schadel added, "There have been many shareholders concerned with the price and trading activity with regard to our common stock. Our shares have become quite volatile in the last ten days after a dramatic drop to our initial offering price during the last month. Our business is so much stronger than our share price would indicate. With a public float valued at less than $1 million, some volatility is expected. I am working aggressively to engage with larger shareholders for stock support and stability. In addition, management is committed to exploring every option to address further impacts of our financing activities as it relates to our common stock."

Labor SMART, Inc. provides On-Demand temporary labor to a variety of industries through 30 offices. 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

SOURCE: Labor SMART, Inc.

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