September 05, 2013 07:55 ET

Labor SMART, Inc. Monthly Revenue Exceeds $2 Million

Year-to-Date Revenues Exceed $10,237,056

HIRAM, GA--(Marketwired - Sep 5, 2013) - Labor SMART, Inc. (OTCQB: LTNC) (the "Company") is pleased to report its strongest month to date with $2,109,383 in revenue for the month of August 2013. This compares to revenues of $765,548 in August 2012 constituting a 175% increase in revenues over the same month prior year.

August represents the first month where the Company has exceeded over two million dollars in revenues in a single month. Additionally, the Company announced that Year-to-Date revenues have exceeded $10 million for the first eight months of 2013.

The last 90 days have also shown incremental revenue increases of 44.96% with the same 14 branches as they continue to mature while expanding their client base.

Ryan Schadel, Labor SMART's CEO, stated, "We are extremely pleased with our record producing month in August and look forward to seeing continued revenue improvements with more client expansion and even greater margins as our newer branches continue to mature." He also stated, "In addition to the monthly revenue milestone and the Year-to-Date revenue milestone, the Company added over 100 new clients during the month of August.

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.

Safe Harbor

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.

Contact Information