abor SMART, Inc. Continues to See Sales Increases Year Over Year
Weather Issues Delayed New Branch Openings
HIRAM, GA--(Marketwired - Apr 2, 2014) - Labor SMART, Inc. (OTCQB: LTNC) (the "Company"), an emerging provider of on-demand blue collar staffing primarily in the southeastern United States, today announced continued record revenue achievements for March 2014. Revenue overall for March 2014 was $1.438 million, a 25.7 percent increase over the $1.144 million achieved in March 2013. It should be noted that March 2013 was a five week month verses the four-weeks that made up March 2014. For those offices that have been open for a year, revenue for 2014 was $1,005,282.16, an eight percent increase over revenue achieved during the last four weeks of March 2013.
Ryan Schadel, Labor SMART's CEO, stated, "Although we were impacted this month with significant weather related issues in areas of the country where we focus our efforts, we are very pleased with these results. Without the weather issues I believe we would have achieved revenues of approximately $1.6-1.7 million for the month."
Schadel noted that while weather impacted revenues, it had more of an effect on the company's pace of new branch openings. "I expect that we will make up the time lost in this area," said Schadel. He said the company is not adjusting its revenue projections for the year and remains committed to achieving revenue of $30 million for 2014.