$LTNC 115% rev increase in FEB!
HIRAM, Ga., March 8, 2013 /PRNewswire/ -- Labor SMART, Inc. ( LTNC ) today reported a 115% increase in revenues for the month of February.
The Month of February saw record revenues of $778,748 up from $361,704 a year earlier, representing an increase of 115% for the month. Although a much shorter month, February also saw a 34% increase in revenue over the month of January 2013. To date, Labor SMART has experienced a 116% increase in revenues for their first two months of operations in 2013.
Recently, Jim Cramer of CNBC's hit show Mad Money listed the Staffing Industry as one of his top ten picks for 2013. Between the recovery of the U.S. economy and companies preparing for initiation of Obamacare in 2014, temporary staffing companies have been picking up the employment slack and flourishing in this economy. This trend is expected to continue through 2013 and beyond. Hence, Cramer's bullish recommendation for staffing companies.
Ryan Schadel, Labor SMART's CEO, stated, "This is a very exciting time for our operations as we continue to surpass expectations with the production of record revenues during what is normally considered to be our industry's slowest months out of the year." He also stated, "As we continue to move ahead with our strategic business model, which includes the opening of several more branches in several states, we are extremely optimistic with our goals as we now start to enter much stronger producing months."
The company also said it expected to announce the appointment of an additional board member in the coming days.
To see CNBC's Mad Money Jim Cramer's bullish recommendation on the staffing industry go to:
