Labor SMART, Inc.

December 28, 2015 08:00 ET

Corporate Finance Specialist Bud Little Joins Labor SMART, Inc.

ATLANTA, GA--(Marketwired - Dec 28, 2015) - Labor SMART, Inc. (OTCQB: LTNC) (the "Company"), a leader in providing on-demand blue collar staffing primarily in the southeastern United States, today announced that Bud Little has joined Labor SMART, Inc.'s newly created advisory board.

Mr. Little has 25 years of senior executive leadership experience and has completed $1.1 billion in equity and debt financing and restructuring, as well as 31 acquisitions and divestitures valued at $1.3 billion.

Since 2009, Mr. Little has been President of SFL3 LLC, a provider of strategic, financial, technology and human resource consulting services to clients throughout the U.S. and internationally. Prior to SFL3, Mr. Little was Chief Financial Officer of TrueBlue, Inc.'s (TBI) skilled trades group, following the 2005 acquisition of CLP Resources, Inc., where he was Executive Vice President, Chief Financial Officer and a member of the Board of Directors. Earlier in his career, Mr. Little held Chief Financial Officer and other senior executive positions with public and private industrial services, technology and healthcare companies. Mr. Little received his MBA from the Texas A&M University Mays Business School and his BS in Economics from Texas A&M University, and is a Certified Public Accountant.

Ryan Schadel, President and CEO of Labor SMART, Inc., commented, "I'm excited to have Mr. Little on the Labor SMART team. His exceptional experience in the areas of mergers and acquisitions, balance sheet restructuring, and equity financing will be invaluable as we make preparations to move forward with our plans for 2016 and beyond."

"I am very impressed with what the Labor SMART team has achieved over the past few years, and look forward to working with them and the advisory board to take the company to the next level," said Mr. Little.

The addition of Mr. Little to the advisory board brings the total number of members to three. Labor SMART, Inc. expects to announce at least one additional member in the coming weeks.

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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