Labor SMART, Inc. YTD Revenue Surpasses $2 Million
Company Sets New Weekly Revenue Record
ATLANTA, March 27, 2013 /PRNewswire/ -- Labor SMART, Inc. (OTCQB: LTNC), an emerging provider of on-demand temporary staffing, today announced that Year-to-Date revenues exceeded $2 million dollars as of March 15, 2013.
Originally, the Company anticipated reaching this mark sometime in the early 2nd quarter of 2013. With the quick pace of week after week revenue growth that has been experienced year-to-date, the Company anticipates 1st quarter 2013 revenues to set a new quarterly revenue record.
The Company is also pleased to report that it posted record weekly revenue of $243,093 for week ending March 22, 2013. The previous weekly revenue record was $231,701 set in September of 2012. The Company is currently on pace to reach its goal of having 18 fully operating branches in 7 states in 2013.
Ryan Schadel, Labor SMART's CEO, stated, "We are extremely pleased with reaching this latest milestone and the excellent progress that our Company operations are making. With the recent additions to our management staff and Board of Directors, we are confident in our abilities to generate exponential revenue growth and branch expansion over the next several years."
Recently, Jim Cramer of CNBC's hit show Mad Money listed the Staffing Industry as one of his top ten industry picks for 2013. Between the recovery of the U.S. economy and companies preparing for initiation of Obamacare in 2014, temporary staffing companies have been picking up the employment slack and flourishing in this economy. This trend is expected to continue through 2013 and beyond. Hence, Cramer's bullish recommendation for staffing companies.
To see CNBC's Mad Money Jim Cramer's bullish recommendation on the staffing industry go to:
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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