LTNC Reports Revenues of $1,586,351 for July 2013
Date : 08/01/2013 @ 8:25AM
Source : Marketwired
Labor Smart, Inc. Reports Revenues of $1,586,351 for the Month of July 2013
Labor SMART, Inc. (OTCQB: LTNC) (the "Company") is pleased to announce record revenues of $1,586,351 for the month of July 2013. This compares to revenues of $583,228 in July 2012, constituting a 172% increase in revenues over the same month prior year.
This represents the fifth consecutive month where the Company has exceeded over one million dollars in revenues for 2013. As of July 2013, year-to-date revenues have climbed from $3,477,268 to $8,127,662 in a prior year comparison. This represents an impressive 133% increase in revenues for first seven months of 2013. This increase is attributed to Labor SMART's dynamic growth through the addition of new branches over the last several months, additional clientele and the maturing of established branches.
Ryan Schadel, Labor SMART's CEO, stated, "We are extremely pleased to be reporting another record month for Labor SMART. We are happy to say that the implementation of our strategic growth plan and business model is now starting to pay off." He also stated, "This is a pivotal time as we are now starting to see increased revenues with better margins from the maturing of branch operations and a diversified customer base that has now surpassed 1,000 clients. We are optimistic that this trend will continue and anticipate more record producing months in 2013."
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.
Public Relations and Shareholder Information
Joseph M. Vazquez
Phone: (678) 279-5810
Email: shareholderrelations@laborsmart.com
