ATLANTA, Jan. 9, 2013 - Labor SMART, Inc. (OTCQB: LTNC) is pleased to announce that the company generated revenues in excess of $7.1 million for 2012.
In its first full year of operations, the Company was successful in increasing their footprint into two additional states while expanding branch offices in early 2012. In 2011 the Company had set a revenue goal of $7 million for 2012 which was successfully achieved.
Ryan Schadel , Labor SMART's CEO, stated, "I am very pleased with the progress made in 2012. During our first year of operations, we exceeded our revenue expectations and succeeded in recruiting top industry talent, in preparation for our continued expansion into 2013 and beyond." He also stated, "We are in the process of setting up our first expansion branch of the year and expect to have it operational by mid-February, 2013."
The Company expects that additional expansion branches will follow as the company continues to execute its business model in working towards a nationwide presence. Under the current model, the company anticipates expanding into 3 additional states while developing 12 more branches during 2013.
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
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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SOURCE Labor SMART, Inc.