HIRAM, Ga., May 20, 2013 /PRNewswire/ -- Labor SMART, Inc. (OTCQB: LTNC) (the "Company"), an emerging provider of on-demand temporary staffing, today announced that it has broken through its recently projected milestone of $300,000 in weekly revenue with a new weekly sales record of $349,004 as of May 17, 2013.
The Company also confirmed it has opened a new branch in Louisville, KY representing the Company's 8th new branch in the first 5 months of 2013 and the 14th branch overall as the Company continues to implement its goal of establishing a national footprint.
Ryan Schadel, Labor SMART's CEO, stated, "So far this year, we have been very pleased with our abilities to implement our short and long term growth strategies with both organic growth and strategic acquisitions." He also stated, "We expect to continue this trend as we transition into what are normally the busiest months for our industry and have now set a new milestone goal of $400,000 a week in top line revenue."
Recently, there has been a sudden influx of positive articles regarding temporary labor as the temporary help service industry continues to grow and reach record highs in 2013. The industry is also experiencing a steady interest as companies begin to prepare for the Affordable Care Act or Obama Care which is now law and slated to begin in 2014. This substantiates Labor SMART's belief that they have strategically positioned themselves to take advantage of the current trend and continued industry growth, through their aggressive growth strategies which are currently being implemented.
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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.