Atlanta, GA -- August 8, 2015 -- InvestorsHub NewsWire
-- Labor SMART, Inc.
(OTCQB: LTNC) (the "Company"), a leader
in providing on-demand blue collar staffing primarily in the
southeastern United States, today announced that it has entered
into an agreement to sell the operating assets of five branch
locations.
On July 31,
2015, Labor SMART received an unsolicited offer to sell the
operating assets of five branch locations. After careful
consideration of how the proposed transaction would affect the
Company's long term strategy, an agreement was drafted. On August
5, 2015, Labor SMART entered into a definitive agreement to sell
the operating assets of five specific branch locations. The Company
expects the closing of this transaction to occur quickly and will
provide additional details, including the amount of cash received
for the assets as well as an update on the Company's business
strategy, after the sale is complete.
About Labor SMART, Inc.
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.
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Contact
Information
Contact:
Labor SMART,
Inc.
shareholderrelations@laborsmart.com