Facing an economic environment still in a slump, Labor Smart, an emerging provider of on-demand temporary labor, primarily for the SMB (small and medium sized business) market, has done remarkably well. The Georgia based company has just announced that revenue for the first half of the company's fiscal year, January 1 through June 15, has exceeded $2.5 million. Labor Smart was incorporated on May 31, 2011, and only began trading on the OTCBB two months ago.
The company's CEO, Ryan Schadel, commented on the company's surprising growth: "This is a major milestone for our young, fast growing company. We booked $1.183 million in revenue in the first quarter of 2012. As of week ending June 15, 2012, our Year-to-Date revenue was in excess of $2.5 million. In addition to this milestone, we are starting to see revenues build in our 4 most recently opened branch locations. We are anxious to get our 2nd Quarter results filed and are very optimistic about the future of Labor Smart. The third quarter is going to be very exciting as we continue to ramp up our sales and begin preparations for new branch openings in 2013."
Labor Smart focuses on labor solutions for the warehouse, light industrial, construction, hospitality, special events, and retail industries. Although it serves largely the SMB market, its clients range up to fortune 100 companies. Labor Smart currently operates 6 branch locations in the Southeast U.S., and the company's management has stated their goal to continue branch expansion, toward establishing a nationwide presence.
For additional information, visit the company's website at LaborSmart.com
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