LTNC .265 Labor SMART, Inc. Surpasses Year-to-Date
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LTNC .265 Labor SMART, Inc. Surpasses Year-to-Date Revenues of $13 Million
Company Sees Little Impact From Government Gridlock
HIRAM, GA–(Marketwired – Oct 23, 2013) – Labor SMART, Inc. (OTCQB: LTNC) (the “Company”) is pleased to announce Year-To-Date (YTD) revenues of $13,118,257 as of October 18, 2013, as the Company continues to see strong sales in the month of October.
Additionally, the Company experienced very little revenue impact from the recent U.S. government shutdown. The company attributes this to its increased client base and maturing of new branches opened this year. This has been key in the Company’s continued success in creating record revenue growth with increasing margins and illustrates the company’s ability to weather disruptions in the marketplace.
Ryan Schadel, Labor SMART’s CEO, stated, “While we noticed some revenue decreases related to projects backed by government funding, these decreases were largely offset by increases in other areas of our business. He continued, “For example, our newly opened office in Raleigh, NC exceeded $30,000 in revenue last week. For a new office, this is an amazingly fast ramp up and illustrates the opportunity for Labor Smart as we march toward expansion in 2014.” http://finance.yahoo.com/news/labor-smart-inc...00596.html
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