$LTNC Strong acquisition strategy laid out today! ATLANTA, GA--(Marketwired - Aug 20, 2015) - Labor SMART, Inc. (OTCQB: LTNC) (the "Company", a leader in providing on-demand blue collar staffing primarily in the southeastern United States, today provided an update on its acquisition strategy.
"On August 19, 2015, Labor SMART, Inc. delivered a non-binding letter of intent to acquire the operating assets of a regional staffing company with multiple branch locations across the southern US, providing skilled and unskilled employees to small and medium sized businesses," stated Ryan Schadel, President and CEO of Labor SMART, Inc. "Our initial due diligence suggests that this business will produce $12-13 million in revenue for 2015. The business does not have an On-Demand model and we would not seek to change it, rather we would seek to expand on it."