Labor SMART, Inc. Reports Year To Date Revenues In Excess Of $6.75 Million
Company Expected To Surpass 2012 Revenue Projections
ATLANTA, Dec. 17, 2012 /PRNewswire/ -- Labor SMART, Inc. (OTCQB: LTNC) is pleased to announce that Year to Date revenues have exceeded $6.75 million as of the second week of December 2012.
Ryan Schadel, Labor SMART's CEO, commented on the milestone, "When we commenced operations in November 2011, our management team set the goal of generating $7 million in revenues in our first full year of operations." Mr. Schadel continued, "At the time, this was a lofty goal to say the least, yet here we are one year later with our projection well within in our sights. As of this last week, we are a mere $250,000 away from achieving this goal. With 2 weeks left in the year, I am exceptionally confident that Labor SMART will exceed $7 million in revenues in our first full year of operations."
Labor SMART has shown consistent exponential growth in 2012 despite the headwinds of a lackluster economic environment. Since their initial startup with one branch, the Company has successfully grown to six branch locations spanning over four states in less than one year, while also becoming a publicly traded company. Goals for 2013 include additional branch openings, expansion into several more states, continued revenue growth, and an up-listing to a national exchange.
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.
For more information about Labor SMART go to their website: http://www.laborsmart.com/investors/
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.
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