$LTNC Ryan Schadel, Chairman and Chief Executive Officer of Labor SMART, stated, "2014 proved to be another record year for our young company. So much has been accomplished and I believe we are well positioned in our market segment for continued growth through 2015 and beyond. Our current debt reduction and cash flow strategy is working well and the Company is not actively seeking new convertible debt to grow its business. We continue to reach out to larger shareholders for market support and are seeking a preferred equity solution to refinancing the convertible debt to a much less dilutive security. Additionally, I will continue to add to my personal position in the open market. With the share price continuing to show weakness, we may very well need to increase our authorized shares again to accommodate the reserve requirement of the remaining convertible debt."
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