ATLANTA, GA--(Marketwired - Jan 6, 2016) - Labor SMART, Inc. (OTCQB: LTNC) (the "Company"), a leader in providing on-demand blue collar staffing primarily in the southeastern United States, today announced its intention to utilize crowdfunding for its next phase of expansion in order to strategically neutralize the slow growth effects of its balance sheet restructuring initiatives.

Ryan Schadel, President and CEO of Labor SMART, Inc. stated, "Through recently enacted crowdfunding legislation, commonly known as the JOBS Act, I believe there is an opportunity for Labor SMART to keep its balance sheet restructuring initiatives on track without sacrificing long term growth opportunities. I was shocked from the quick interest The Staffing Group, Ltd. received when launching this new funding model to open a branch location under the licensing agreement with Labor SMART, Inc. We intend to deploy this same model, or some slight variation of it, for our next leg of expansion. This approach will conserve precious Labor SMART, Inc. financial resources while at the same time offsetting corporate overhead costs, will boost assets on the balance sheet, and add substantial growth to revenue. Equally important, this new funding model will allow the Company to fund a large portion of its growth plan without the need to issue new Labor SMART, Inc. stock or take on high cost debt."

Labor SMART, Inc. expects to provide shareholders with a detailed overview of the new funding model in conjunction with its announcement of the crowdfunding platform that has been selected to facilitate the model.

Labor SMART, Inc. provides On-Demand temporary labor to a variety of industries. The Company's clients range from small businesses to Fortune 100 companies. Labor SMART was founded to provide reliable, dependable and flexible resources for on-demand personnel to small and large businesses in areas that include construction, manufacturing, hospitality, event-staffing, restoration, warehousing, retailing, disaster relief and cleanup, demolition and landscaping. Labor SMART believes it can make a positive contribution each and every day for the benefit of its clients and temporary employees. The Company's mission is to be the provider of choice to its growing portfolio of customers with a service-focused approach that enables Labor SMART to be seen as a resource and partner to its clients.

Safe Harbor Statement

This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Labor SMART, Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may", "would", "will", "expect", "estimate", "can", "believe", "potential", and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Labor SMART, Inc.'s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in Labor SMART, Inc.'s filings with the U.S. Securities and Exchange Commission. THIS IS NOT AN OFFERING OF SECURITIES AND NOTHING IN THIS RELEASE SHOULD BE DEEMED TO BE AN OFFER TO SELL SECURITIES.

Link back to original article on

Link back to Labor SMART, Inc. on

Follow on Twitter @laborsmart

Contact Information:

Labor SMART, Inc.