Labor SMART, Inc. to Open First Three New Offices of 2014
Company Continues to See Growth in On-Demand Labor Market as Positive Sign of Strengthening Economy
Marketwired Labor SMART, Inc.
January 14, 2014 7:55 AM
HIRAM, GA--(Marketwired - Jan 14, 2014) - Labor SMART, Inc. (OTCQB: LTNC) (the "Company") an emerging provider of on-demand temporary staffing, today announced that it is opening three new offices as it continues to expand its geographic reach in the United States. The new offices will be located in Houston, Texas; Denver, Colorado; and St. Petersburg, Florida. The Houston and Denver offices mark the entry of Labor SMART into the states of Texas and Colorado. These are the first of several new offices planned for 2014 to meet the growing demand for temporary blue collar staffing needs of both large and small businesses.
Ryan Schadel, Labor SMART's CEO stated, "We continue to see growth in on-demand labor needs and believe this is a strong indication that the economy is strengthening. Because employers may still hesitate to hire full time employees for many reasons, we believe that the growth of on-demand temporary employment is indicative of a changing workplace and may signal a new paradigm that could render old ways of looking at employment data obsolete." Mr. Schadel reported that many companies prefer to use temporary workers as it is a cost-effective and smarter move than the more traditional hiring patterns of the past.
This trend appears to be demonstrated in Labor SMART's recently reported year-over-year growth. In 2013 Labor SMART revenues increased 130.7 percent compared to 2012. Mr. Schadel noted that industry analysts are calling for continued growth in this area.
Labor SMART has positioned itself to take advantage of this growth in the just-in-time labor market by providing unprecedented levels of service and having local presence in 15 growing markets, in states that include Georgia, Tennessee, Indiana, Kentucky, Florida, Alabama, South Carolina, North Carolina and Missouri in addition to the new offices opening in Texas and Colorado.
About Labor SMART, Inc.
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 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 offices 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.
Contact:
Bev Jedynak
Martin E. Janis & Company, Inc.
312-943-1123
shareholderrelations@laborsmart.com
