Labor Smart, Inc. Announces Major Revenue Milestone
Revenues Grow at Swift Pace
ATLANTA, July 2, 2012 /PRNewswire/ -- Labor Smart, Inc (OTC.BB: LTNC), an emerging provider of on-demand temporary labor solutions, has announced that Year-to-Date revenue has exceeded $2.5 million.
"This is a major milestone for our young, fast growing company. We booked $1.183 million in revenue in the first quarter of 2012. As of week ending June 15, 2012, our Year-to-Date revenue was in excess of $2.5 million," commented Ryan Schadel, CEO of Labor Smart, Inc. "In addition to this milestone, we are starting to see revenues build in our 4 most recently opened branch locations. We are anxious to get our 2nd Quarter results filed and are very optimistic about the future of Labor Smart. The third quarter is going to be very exciting as we continue to ramp up our sales and begin preparations for new branch openings in 2013."
About Labor Smart Inc.:
Labor Smart, Inc is an emerging provider of on-demand temporary labor solutions, providing manpower to small and medium sized businesses in the warehouse, light industrial, construction, events and retail industries. Labor Smart, Inc currently operates 6 branch locations in the Southeast US. For more information visit www.laborsmart.com.
This release contains certain forward-looking statements and information relating to Labor Smart Inc. that are based on the beliefs of Labor Smart, Inc management, as well as assumptions made by and information currently available to the Company. Such statements reflect the current views of the Company with respect to future events including estimates and projections about its business based on certain assumptions of its management, including those described in this Release. These statements are not guarantees of future performance and involve risk and uncertainties that are difficult to predict, including, among other factors, changes in demand for the Company's services, changes in the economic environment and changes in competitor pricing. Additional risk factors are included in the Company's public filings with the SEC. Should one or more of these underlying assumptions prove incorrect, actual results may vary materially from those described herein as "hoped," "anticipated," "believed," "estimated," "preparing," "expected" or words of a similar nature. The Company does not intend to update these forward-looking statements.
C. Ryan Schadel
Labor SMART, Inc.
SOURCE Labor Smart, IncBack to top