Labor Smart Inc (LTNC)

[ahpinvestmentz]

LTNC Surpasses 2012 Year End Revenues Midway Through July 2013

Fundamentals are looking solid!

HIRAM, GA -- (Marketwired) -- 07/15/13 -- Labor SMART, Inc. (OTCQB: LTNC) (the "Company") is pleased to announce that midway through this month, the Company has successfully surpassed 2012 year end revenues of $7,175,846.

The Company reports that as of July 12, 2013, Labor SMART has recorded $7,269,590 in year-to-date revenue. The achievement of this latest milestone puts the Company in-line with earlier projections of $16-$18 million dollars in revenue production in 2013.

Ryan Schadel, Labor SMART's CEO, stated, "We are extremely pleased with the progress of our operations thus far. We have seen revenues continue to grow in our branches as they mature and our customer base continues to increase. Additionally, our gross margins are beginning to show incremental improvements as our customer base diversifies. The remainder of 2013 will be focused on continued revenue growth, improving profitability at each branch location with the goal of positive income from operations by year end, and solidifying plans for our continued expansion in 2014."