Labor SMART, Inc. Announces April Revenue Exceeds One Million Dollars
Company Sees 95% Monthly Revenue Growth vs. April 2012 And 106% YTD Revenue Growth for 2013
HIRAM, Ga., May 1, 2013 /PRNewswire/ -- Labor SMART, Inc. (OTCQB: LTNC) (the "Company") is pleased to announce that it has achieved revenue of $1,003,791 for the month of April 2013. This compares to revenues of $515,723 in April 2012 constituting a 95% jump in revenues over the previous year.
This represents the second consecutive month where the Company has exceeded over a million dollars in revenues in 2013. Year-to-date revenues have shown an equally impressive revenue increase of 106% with $3,507,663 in 2013 vs. $1,699,439 in 2012. Last week, the Company set a record for weekly revenue production posting $275,323 for a single week.
Ryan Schadel, Labor SMART's CEO, stated, "As we begin to tail out of our traditionally slow season, we are both confident and extremely optimistic with our abilities entering the start of our busiest months." He also stated, "We expect to see dynamic growth in revenue production and the expansion of our operations as branches continue to mature and build a consistent base of clientele over the next several months. To date, we are on target to meet and possibly exceed our 2013 projections."
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.
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
SOURCE Labor SMART, Inc.
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