HIRAM, GA - April 1, 2014 - Labor SMART, Inc. (OTCQB: LTNC) (the "Company"), an emerging provider of on-demand blue collar staffing primarily in the southeastern United States, today announced the opening of two new offices in Savannah, Georgia and Knoxville, Tennessee.
"These two new markets are an important addition to our growing footprint. Our research of these markets show a strong labor force and excellent growth potential in the construction sector, which is one of our primary targets for new clients," said Ryan Schadel, president and CEO of Labor SMART. "We have had a very strong beginning to 2014, despite unusually harsh weather that has plagued most of the country during this period. We are very optimistic as we enter the spring and summer months that we can continue to achieve our growth goals and expect a flurry of new branch openings and perhaps several acquisitions." Schadel also pointed to a recent Wall Street Journal economics blog that indicated that about 10 percent of all new jobs created since the end of the recession have been either temp or contract positions.
Labor SMART's experience so far this year reflects this as well. The company has reported substantial increases in year-over-year sales among those offices that have been in operation for more than a year. The company has publicly stated that its growth plan includes organic growth among existing offices, the addition of new offices like these, and potential acquisitions.
The new offices are in operation now and will serve clients in their respective markets.
Schadel also said the company expects to file its 10K for fiscal 2013 within the allotted time of the automatic extension, which the company filed late last week.
About Labor SMART, Inc.
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.
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SOURCE: Labor SMART, Inc.