Labor Smart, Inc Website: www.laborsmart.com Headquarters:
44 Darby's Crossing Drive
Hiram, GA 30141
( OTCQB: LTNC )
Shares Outstanding: 16,045,000
Authorized Shares: 75,000,000
Free Trading (Float): FULLY DILUTED 2.4M Company Overview: Labor SMART, Inc.
provides On-Demand temporary labor to a variety of industries. Their clients range from small businesses to fortune 100 companies. Labor SMART
was founded to provide a reliable, dependable, and flexible resources for on-demand personnel to small and large businesses.
Every day they 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, their goal is to become a
nationwide resource and partner for their clients. Labor SMART
takes pride in the belief that they can make a positive impact each and every day for the benefit of both their clients and temporary employees. Executive Leadership: Matthew J. Rodgers February 26, 2013 - Labor SMART, Inc. (OTCQB: LTNC) is pleased to announce the addition of Matthew J. Rodgers to its Board of Directors.
With over 30 years of management and executive level business experience, Matthew J. Rodgers brings expertise in the areas of Revenue Growth, Large Account Management, Strategic Planning, Operations & Sales Management, Customer & Market Driven Solutions, and Team Building.
During his tenure with Labor Ready, Inc. (a division of True Blue, Inc., a NYSE listed company), Mr. Rodgers was a critical contributor to the growth of the company from 325 offices and $300 million in revenues to over 800 offices producing more than $900 million in revenues. During his tenure, Labor Ready's EBITDA grew from $14.6 million in 1997 to $35 million in 2003. Prior to his departure, Mr. Rodgers maintained full operations accountability for the U.S., Canada, Puerto Rico and the United Kingdom.
Mr. Rodgers addition to Labor SMART's Board of Directors is considered an integral part of the Company's strategy to build an experienced team of seasoned mid to upper level management executives, in order to handle their current exponential growth, while also bolstering their corporate infrastructure.
Shannan M. Manix March 3, 2013 - Labor SMART, Inc. (OTCQB: LTNC) is pleased to announce the addition of Shannan M. Manix to its Board of Directors. Ms. Manix's Executive experience was previously utilized at Labor Ready, Inc. (a division of True Blue, Inc., a NYSE listed company). As a Regional Vice President for this $1 Billion dollar staffing company, her keen leadership of operations was repeatedly instrumental in sustaining record setting growth, by applying a creative and solutions-oriented vision. Additionally, in previous roles with Labor Ready, Ms. Manix guided teams through strategic merger-acquisition and company evolution from the private to public ownership of Workforce by Labor Ready.
With a belief in developing team talents, interest and dedicating time to professional development, Ms. Manix also encourages collective success with a focus on customer, corporate and business partner relationships - all to the strategic benefit of the companies that profit from concrete, lasting value.
From their website:
Indianapolis, IN 3945 N High School Rd Indianapolis, IN 46254-2710 317-295-8050 email@example.com
From their 10Q: "As of March 31, 2012, the Company ceased to be a development stage company as it has established its temporary staffing service and planned principal operations have commenced." Q1 2012 Revs $1,183,716
Q1 2012 EBITDA $47,440
Q1 2012 Net Income $29,596 Q2 2012 Revs $2,890,000 $$$$ GROWTH IN 2012 $$$$ Labor SMART has shown consistent growth in a very slow economy. This year the company has grown from 2 branches in one
state to 6 branches in 4 states representing 200% YTD growth. Revenues have increased from $160,000 in 2011 to $2.89 million as of
June 30, 2012 with a 44% increase in revenues in the 2nd qtr. over the 1st qtr. of 2012. The company started with 2 offices at the beginning of 2012 and opened 4 new offices, ending the year with record revenues of $7.1 Million. With just 16 Million shares outstanding, at .47c, the stock trades with a $7.8 Million dollar market cap. The P/E ratio seems quite favorable at these levels.
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