Georgia-Based Labor SMART, Inc. YTD Revenue Surpasses $2 Million

Press release from the issuing company

Thursday, March 28th, 2013

Labor SMART, Inc., an emerging provider of on-demand temporary staffing, today announced that Year-to-Date revenues exceeded $2 million dollars as of March 15, 2013.

Originally, the Company anticipated reaching this mark sometime in the early 2nd quarter of 2013. With the quick pace of week after week revenue growth that has been experienced year-to-date, the Company anticipates 1st quarter 2013 revenues to set a new quarterly revenue record.  

The Company is also pleased to report that it posted record weekly revenue of $243,093 for week ending March 22, 2013. The previous weekly revenue record was $231,701 set in September of 2012. The Company is currently on pace to reach its goal of having 18 fully operating branches in 7 states in 2013.

Ryan Schadel, Labor SMART's CEO, stated, "We are extremely pleased with reaching this latest milestone and the excellent progress that our Company operations are making. With the recent additions to our management staff and Board of Directors, we are confident in our abilities to generate exponential revenue growth and branch expansion over the next several years."

Recently, Jim Cramer of CNBC's hit show Mad Money listed the Staffing Industry as one of his top ten industry 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. 

To see CNBC's Mad Money Jim Cramer's bullish recommendation on the staffing industry go to:

http://www.cnbc.com/id/100389422/Obamacare_Drives_a_Bull_Market_In_Staffing_Agencies