Labor Smart Inc (LTNC)

[sobe4life]

<<<<<<<<<<WRONG WRONG CPW13154 WRONG WRONG>>>>>>>>>>

cpw13154

He might want to consider closing 20 or so places if they can't seem to compete with the big boys.

With record revenues, assets, accounts receivables, positive EBITDA why would this company need to look at closing branches???

Take a look at what they've done this year:

2011: $165,000 revenues (audited)

-2012: $7,100,000 revenues (audited)

-2013: $16,100,000 revenues (audited)

- YTD Revenue for the 11 months increased 52% to $22.5 million.

-2014: $25,000,000 revenues (PROJECTED) with the company showing $4 million in A/R, $1 million cash (PROJECTED) and positive EBITDA

-Growth from 0 to 30 branches in just three years

-Increased gross profit margins from 15% to 25% over the last 12 months

- Same branch revenue up 12.5% year-over-year

- Over 1400 customers

- EBITDA of $121,577

- Adjusted EBITDA of $344,731

Current outstanding shares approximately 60 million.