February 28, 2015 3:21 PM ET

Professional Services

Company Overview of Labor Smart, Inc.

Company Overview

Labor Smart, Inc. provides temporary blue-collar staffing services primarily in the United States. The company supplies general laborers on demand to the light industries, including manufacturing, logistics, and warehousing; and skilled trades’ people and general laborers to commercial construction industries. It serves customers primarily engaged in construction, freight handling, demolition and landscaping, warehousing, janitorial, disaster response, light manufacturing, event-staffing, restoration, and retail or wholesale operations. The company was founded in 2011 and is headquartered in Powder Springs, Georgia.

3270 Florence Road

Suite 200

Powder Springs, GA 30127

United States

Founded in 2011

Phone:

770-222-5888

Key Executives for Labor Smart, Inc.

Founder, Chairman, Chief Executive Officer, President, Chief Financial Officer, Chief Accounting Officer, Secretary and Treasurer
Age: 37
Total Annual Compensation: $133.3K
Compensation as of Fiscal Year 2014.

Labor Smart, Inc. Key Developments

Labor Smart Seeks Acquisitions

Labor Smart, Inc. (OTCPK:LTNC) is looking for acquisition opportunities. Labor Smart, Inc. has filed a shelf registration in the amount of $17.3 million and expect to use the net proceeds received from this offering for acquisitions and working capital and general corporate purposes. While we regularly seek and evaluate possible acquisition opportunities, we have no material definitive agreements, commitments, understandings or arrangements with respect to any acquisitions.

Labor Smart, Inc. Approves Amendment to its Articles of Incorporation

Labor Smart, Inc. notified shareholders of a proposed amendment to its Articles of Incorporation. The company proposed an amendment to its Articles of Incorporation that would increase the number of authorized shares of the company's common stock from 1,000,000,000 to 20,000,000,000. The Authorized Increase Amendment was unanimously adopted and approved on January 13, 2015 by written consent of its Board of Directors, and recommended to Ryan Schadel, the holder of 35,054,741 shares of common stock of the company and 51 shares of the Series A Preferred Stock of the company that he approve the Authorized Increase Amendment. On January 13, 2015, the Majority Shareholder approved the Authorized Increase Amendment by written consent in lieu of a meeting in accordance with Nevada law.

Labor SMART, Inc. Launches New Business Unit

Labor SMART, Inc. announced its launch of a new business unit, Skill Corps, Inc., to provide skilled trades staffing, such as mechanical, renewable energies, and construction tradesmen. Skill Corps, Inc. will still focus on blue-collar workers and will leverage existing relationships with Labor SMART's large client base. The new business unit will leverage the company's current infrastructure and technology, as to not add any meaningful SG&A costs to launch and ramp. Labor SMART's infrastructure and technology will allow Skill Corps to mobilize large crews for its clients on short notice, staying true to its on-demand business model.

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