Labor SMART, Inc. Continues to See Sales Increases Year Over Year
April 02 2014 - 10:00AM
Marketwired
Labor SMART, Inc. Continues to See Sales Increases Year Over Year
Weather Issues Delayed New Branch Openings
HIRAM, GA--(Marketwired - Apr 2, 2014) - Labor SMART, Inc.
(OTCQB: LTNC) (the "Company"), an emerging provider of on-demand
blue collar staffing primarily in the southeastern United States,
today announced continued record revenue achievements for March
2014. Revenue overall for March 2014 was $1.438 million, a 25.7
percent increase over the $1.144 million achieved in March 2013. It
should be noted that March 2013 was a five week month verses the
four-weeks that made up March 2014. For those offices that have
been open for a year, revenue for 2014 was $1,005,282.16, an eight
percent increase over revenue achieved during the last four weeks
of March 2013.
Ryan Schadel, Labor SMART's CEO, stated, "Although we were
impacted this month with significant weather related issues in
areas of the country where we focus our efforts, we are very
pleased with these results. Without the weather issues I believe we
would have achieved revenues of approximately $1.6-1.7 million for
the month."
Schadel noted that while weather impacted revenues, it had more
of an effect on the company's pace of new branch openings. "I
expect that we will make up the time lost in this area," said
Schadel. He said the company is not adjusting its revenue
projections for the year and remains committed to achieving revenue
of $30 million for 2014.
Labor SMART's growth strategy of organic growth, new offices and
acquisitions continues to be reflected in record revenues for the
past 18 months. "The recent strengthening of our sales and business
development team as well as our planned new branch openings and
potential acquisitions in the coming months lead us to remain very
bullish about the coming year," said Schadel.
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.
Contact: Beverly Jedynak Martin E. Janis & Company, Inc.
312-943-1123 bjedynak@janispr.com
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