HIRAM, GA--(Marketwired - May 19, 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 it opened seven new offices in the past two weeks. Located in Florida, Louisiana, Mississippi, South Carolina, and Alabama, the new offices are in addition to seven others opened earlier this year, bringing Labor SMART's total presence to 29 offices in the US.
Ryan Schadel, Labor SMART's CEO, stated, "Our goal was to get these offices up and running before we enter our busiest months of the year. The importance of this is highlighted in the fact that four out of these seven offices had revenue in the first week of operation due to our ever growing list of clients we service across multiple offices and states."
Labor SMART has been implementing its strategy of organic growth, new offices and acquisitions, which has resulted in consistent revenue growth month over month. The company believes it remains on track to achieve $30,000,000 in total revenue in 2014 and expects to revise up its previous guidance on gross 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.