HIRAM, GA, United States, via eTeligis Inc., 06/26/2014 - - Labor SMART, Inc. (OTCQB:LTNC) (the "Company"), a leader in providing of on-demand blue collar staffing primarily in the southeastern United States, today announced it has opened its 30th branch, in Montgomery, Alabama. Labor SMART also has Alabama offices in Birmingham and Mobile.
Ryan Schadel, Labor SMART's CEO stated, "We've been adding to our network of branch locations throughout the Southeast this year in response to the growing demand for our services. In addition to this Montgomery branch, we expect that two additional branches will open in the next few weeks." Schadel added that the second and third quarters historically are the strongest for Labor SMART. "These new offices will immediately help serve the business needs of their communities, and we expect to see a substantial contribution to our revenue stream later this year once they become more established."
Labor SMART continues to grow its business, both organically through new offices as well as with certain strategic acquisitions. The company recently announced it has become self-insured in 14 states. This new large deductible worker's compensation insurance policy will improve cash flow, result in a lower cost of sales and add one to three hundred basis points to the company's gross profit margins.
Labor SMART, Inc. provides On-Demand temporary labor to a variety of industries. The Company's clients range from small businesses to Fortune 100 companies. Labor SMART was founded to provide reliable, dependable and flexible resources for on-demand personnel to small and large businesses in areas that include construction, manufacturing, hospitality, event-staffing, restoration, warehousing, retailing, disaster relief and cleanup, demolition and landscaping. Labor SMART believes it can make a positive contribution each and every day for the benefit of its clients and temporary employees. The Company's mission is to be the provider of choice to its growing portfolio of customers with a service-focused approach that enables Labor SMART to be seen as a resource and partner to its clients.
Safe Harbor Statement
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 U.S. Securities and Exchange Commission.
Contact:
Beverly Jedynak
Martin E. Janis & Company, Inc.
312-943-1123
SOURCE: Labor SMART, Inc.
Associated Documentation:
Link to submission on http://www.eteligis.com
LTNC_6-26-2014_ALD_ETL.docx
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