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$LTNC This can only be seen as great news and the

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Post# of 27159
Posted On: 08/18/2015 12:12:27 PM
Posted By: jschrager23
$LTNC This can only be seen as great news and the amazing potential here moving forward! The numbers couldn’t be any better! "This is a significant development for Labor SMART. The branches subject to this transaction operate in the two states where we have locations that are not covered under our large deductible workers compensation program. With exposure to the state sponsored insurance pool, these branches operate at gross margins that are 600 or more basis points lower than other branches," stated Ryan Schadel, President and CEO of Labor SMART, Inc. "The strategic sale of these locations puts Labor SMART in a much stronger position, both financially and competitively in our remaining and future markets."


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