Court Dismisses Fraud Claims Against Labor SMART, Inc.
Atlanta, GA, United States, via NUZINET CORP., 05/31/2016 - -
Labor SMART, Inc. (OTC
PINK: LTNC) (the "Company"), a leader in providing on-demand
blue collar staffing primarily in the southeastern United States,
today announced that a frivolous claim of fraud filed on April 4,
2016, against the Company and its CEO, was dismissed by court order
on May 27, 2016. The case was filed in Utah District Court (Case #
160902181).
I am very pleased to see this ridiculous claim dismissed with
prejudice, said Ryan Schadel, President and CEO of Labor SMART.
Additionally, last week Labor SMART, Inc. filed a Motion to Dismiss
the entire case, forfeiture of cash collateral posted by the
plaintiffs, and requested sanctions against the plaintiffs for what
we believe to be fraud on the court. I am confident that we will be
vindicated in the final outcome.
About Labor SMART, Inc.
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.
Follow us on Twitter: @laborsmart
Investor Relations: @laborSMART_LTNC
CEO - Ryan Schadel: @CRyanSchadel
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.
Contact:
Labor SMART, Inc.
shareholderrelations@laborsmart.com
