Labor SMART, Inc. CEO Cancels Shares Company to Reduce
Authorized Shares
ATLANTA, GA -- January 15, 2016 -- InvestorsHub NewsWire
-- Labor SMART, Inc. (OTCQB:
LTNC) (the "Company"), a leader in providing on-demand blue
collar staffing primarily in the southeastern United States,
provided shareholders important information via live stream on
Periscope.tv on January 14,
2015.
In the live announcement hosted at Labor SMART's corporate
office, Ryan Schadel, President and CEO of Labor SMART, Inc.,
cancelled 706,867,658 personally owned shares that were purchased
in November 2015. Additionally, Mr. Schadel announced that Labor
SMART, Inc. had filed a Form 14C with the U.S. Securities and
Exchange Commission to reduce the Company's authorized capital
stock by up to twelve billion shares.
A replay of the event can be viewed here: https://youtu.be/QaizM4r0e8g.
Shareholders of Labor SMART, Inc. are encouraged to view the event
in its entirety. Following the announcements, Mr. Schadel held an
impromptu live Q & A session with viewers.
During the live event, the Company also announced an upcoming
webcast to showcase its Skillcorps skilled trades staffing
platform. More information about this future event will be provided
in the coming days.
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 Information
Labor SMART, Inc.
shareholderrelations@laborsmart.com