Labor SMART, Inc. (OTC: LTNC) stock saw an increase of 114.91% to close the Monday session at $0.0245. The stock remained to trade in the range of between $0.0190 and $0.0355 with 1.84B shares changing hands on the day.
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What does the company do?
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- In the field of temporary labor, Labor SMART offers On-Demand services to an array of industries.
- The Company is home to a wide range of clients, ranging from small businesses to Fortune 100 companies.
- In addition to providing reliable, dependable, and flexible staff, Labor SMART provides services for businesses of all kinds.
- It believes it can make a positive difference to its clients and temporary workers every day.
- With the mission to be the provider of choice for its clients, Labor SMART takes a service-oriented approach that enables it to act as a resource and partner for its clients.
- Aside from the staffing industry, the Company operates a restaurant franchise and is seeking additional opportunities.
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What pushed the stock higher?
Labor SMART yesterday provided several updates and developments in compliance with Regulation FD (Fair Disclosure). Some of those updates are as follows:
- The company has applied to otcmarkets.com to obtain compliance with the Alternative Reporting Standard (ARS) as it intends to complete the process swiftly.
- The target company’s management and the Company’s Mr. Schadel recently discussed an acquisition opportunity regarding a beverage business.
- In addition to continually evaluating opportunities to expand its brands, the Company is actively seeking acquisitions.
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- The Company is likely to seek a name change once the Company has been promoted to “current information” status with otcmarkets.com, and it will operate its brands as subsidiaries.