Labor SMART, Inc. Reaches New Milestone as They Surpass $7,000,000 Revenue Mark in 2013
July 15 2013 - 8:30AM
Marketwired
Labor SMART, Inc. (OTCQB: LTNC) (the "Company") is pleased to
announce that midway through this month, the Company has
successfully surpassed 2012 year end revenues of $7,175,846.
The Company reports that as of July 12, 2013, Labor SMART has
recorded $7,269,590 in year-to-date revenue. The achievement of
this latest milestone puts the Company in-line with earlier
projections of $16-$18 million dollars in revenue production in
2013.
Ryan Schadel, Labor SMART's CEO, stated, "We are extremely
pleased with the progress of our operations thus far. We have seen
revenues continue to grow in our branches as they mature and our
customer base continues to increase. Additionally, our gross
margins are beginning to show incremental improvements as our
customer base diversifies. The remainder of 2013 will be focused on
continued revenue growth, improving profitability at each branch
location with the goal of positive income from operations by year
end, and solidifying plans for our continued expansion in
2014."
About Labor SMART, Inc. Labor SMART, Inc.
provides On-Demand temporary labor to a variety of industries. Our
clients range from small businesses to Fortune 100 companies. Labor
SMART was founded to provide a reliable, dependable, and flexible
resource for on-demand personnel to small and large businesses.
Every day we provide manpower for jobs in construction,
manufacturing, hospitality, events, restoration, warehousing,
retail, disaster relief and more. As one of the fastest growing
temporary labor providers, our goal is to become a nationwide
resource and partner for our clients. We take pride in the belief
that we can make a positive impact each and every day for the
benefit of both our client and our temporary employees. Our mission
is to be the provider of choice to our growing community of
customers, with a service focused approach, that positions us as a
resource and partner for their business.
Safe Harbor 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 Securities and Exchange Commission.
Public Relations and Shareholder Information Joseph M.
Vazquez Phone: (678) 279-5810 Email:
shareholderrelations@laborsmart.com
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