Labor SMART, Inc. Board Authorizes Share Buyback
Atlanta, GA -- January 26, 2016 -- InvestorsHub NewsWire --
via NZINET CORP. -- Labor SMART, Inc. (OTCQB: LTNC) (the "Company"), a leader
in providing on-demand blue collar staffing primarily in the
southeastern United States, today announced its Board of Directors
has approved a share repurchase program authorizing the Company to
repurchase up to $2 million of its common stock.
"Today's actions reflect the next step in our commitment to
improving Labor SMART's share structure and delivering shareholder
value as well as our confidence in the long-term value and future
financial performance of the Company," said Ryan Schadel, President
and CEO of Labor SMART, Inc.
The new share repurchase program was approved by the Company's
Board of Directors on January 25, 2016 and becomes effective
immediately. Share purchases will be made in the open market at
times and prices as the Company deems fit and will be administered
in compliance with SEC Rule 10b-18.
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.
Link back to original article on
NuziNet.com
Link back to Labor SMART, Inc. on
NuziNet.com
Follow on Twitter @laborsmart
https://twitter.com/laborsmart
Contact Information
Contact:
Labor SMART, Inc.
shareholderrelations@laborsmart.com