Welcome to our dedicated page for LABOR SMART news (Ticker: LTNC), a resource for investors and traders seeking the latest updates and insights on LABOR SMART stock.
Labor Smart, Inc., founded in 2011, has expanded to 31 branch locations in 13 states, providing on-demand personnel for various industries. With a focus on becoming a nationwide resource, Labor Smart aims to enhance personal and professional success by fostering a sales and service culture. The company's subsidiary, Next Gen Beverages, produces the performance drink brand LOCK'DIN, introducing innovative products for eSports gaming and other markets.
LOCK'DIN offers a range of beverages, including Hydrogen Rich Water, Nootropics Performance Drink, Alkaline Water with Electrolytes, and Nootropics Focus Coffee Pods. Endorsed by World Famous Boxing Champion Manny Pacquiao, LOCK'DIN products are designed to improve performance and recovery naturally. The recent trademark award for LOCK'DIN signifies the company's commitment to sustainable growth and innovation.
Labor Smart, Inc. (OTC PINK:LTNC) has announced new manufacturing and distribution partnerships expected to significantly impact Q4 earnings. The company has begun production on a new brand, with 380,000 cases to be completed by October's end. This initial run is pre-sold to strategic partners and projected to generate over $5 million in top-line revenue with a gross profit margin exceeding 150%.
A second production run of 380,000 cases is scheduled for mid-November. The total revenue from both runs is estimated to exceed $10 million. Labor Smart owns 25% (up to 35% based on milestones) of the company behind this opportunity. Co-CEOs Tom Zarro and Brad Wyatt expressed enthusiasm for the company's progress and future growth prospects.
Labor Smart, Inc. (OTC PINK:LTNC) held its 2nd annual Shareholder meeting in Las Vegas, Nevada, on October 9th, 2024. The company shared projections for all entities under its umbrella, including a newly acquired investment in a food and beverage company. Financial projections for this entity were disclosed:
- 2024: Total Sales $4,055,120, Gross Profit $2,082,393.60
- 2025: Total Sales $84,720,759.80, Gross Profit $43,505,979.60
- 2026: Total Sales $151,265,877.66, Gross Profit $77,678,366.00
- 2027: Total Sales $189,082,347.07, Gross Profit $97,097,957.50
Labor Smart Inc. owns 25% of this entity with an option to own 35%. The company will recognize its ownership percentage of these numbers on its financial statement.
Labor Smart, Inc. (LTNC) has announced the acquisition of a 25% stake, potentially increasing to 35%, in a newly-formed snack and beverage company. This strategic move expands LTNC's footprint in the $250 billion snack market and complements its existing LOCK'DIN product line. The acquisition leverages LTNC's Legacy Distribution network to bring innovative products to market. CEO Tom Zarro envisions these new offerings as potential game-changers, driving substantial growth. Full details about the target company and transaction will be disclosed in late November, with financial information expected in LTNC's Third Quarter filings.
Labor Smart, Inc. (OTC PINK:LTNC) has announced a new distribution partnership with Splash Beverage Group, Inc. (NYSE American) through its wholly owned subsidiary, Legacy Distribution. The partnership will bring four iconic beverage brands to the Colorado market: Copa Di Vino, Pulpoloco Sangria, Salt Tequila, and Tapout Energy Drink.
This collaboration is expected to strengthen both companies' presence in the region. Legacy Distribution, known for transforming innovative brands into household names, will launch these products across Colorado. Tom Zarro, CEO of Labor Smart, Inc., expressed enthusiasm about the partnership, highlighting the alignment with their mission to provide outstanding beverage options to consumers.
Shareholders and interested parties are encouraged to follow @LaborSmartNews on Twitter for future Company updates and material information.
Labor Smart, Inc. (OTC PINK:LTNC) has announced "LOCKTOBERFEST", a multi-city mega launch for its LOCK'DIN™ brand in October 2024. The event will showcase the company's trilogy of water products, including Hydrogen Rich Water, Alkaline Water, and "Life Support™" Natural Artisan Mountain Spring Water.
LOCKTOBERFEST will take place at several benchmark events across the United States, including:
- APP The Women's Open in Columbus, Ohio (October 4-6)
- LTNC Annual Shareholder Meeting in Las Vegas, Nevada (October 9)
- Mr. Olympia Fitness Weekend in Las Vegas, Nevada (October 10-13)
- Cars and Copters Festival in Huntington Beach, California (October 12-13)
- APP Southern California Open in Newport Beach, California (October 25-27)
The company aims to introduce healthier beverage alternatives to various consumer groups, including the exotic car world and fitness enthusiasts. All LOCK'DIN™ products are available for sale or pre-sale at lockdin.com.
Labor Smart, Inc. (OTC PINK:LTNC) has launched a premium artesian water through its subsidiary, Next Gen Beverages The product, branded as Lock'dIn Artesian water, boasts a naturally occurring high pH of 8.2, offering alkaline water benefits without additional processing. Mike Araghi, President of Next Gen Beverages, emphasized the extensive sourcing and testing process to deliver 'the best artesian water in the world'.
Key features of the artesian water include purity, natural filtration, unique mineral content, consistent quality, and low environmental impact. LTNC CEO Tom Zarro praised the team's achievement, describing the water as 'truly the finest' he's ever tasted. The product is now available for preorder at lockdin.com.
Labor Smart, Inc. (OTC PINK:LTNC) has launched a new subsidiary, Elevate Health and Wellness Nutritionals, in partnership with Elevate Health and Wellness This new venture will focus on direct-to-consumer distribution of vitamins and supplements, initially targeting patients using GLP-1 weight loss medications like Semaglutide and Terzepatide.
Joseph Curshen, CEO of Elevate, will lead this division, bringing his experience in scaling direct-to-consumer wellness brands. His track record includes acquiring over 30,000 new patients and building a 13,000+ patient brand in just nine months. The new product line, set to launch this fall, aims to support individuals on medical weight loss programs by offsetting side effects and improving results.
This marks LTNC's fourth wholly owned subsidiary, joining Next Gen Beverages, Illumination Holdings, and Next Gen Holdings, contributing to the company's diversified portfolio.
Labor Smart (LTNC) has announced a strategic partnership between Legacy Distribution and Next Gen Beverages to distribute LOCKD'IN products. Legacy Distribution, a subsidiary of Illumination Holdings, serves approximately 5,000 locations across Colorado, Wyoming, and parts of South Dakota, including major retailers like Walmart and Target.
LOCKD'IN is committed to producing beverages with natural ingredients and essential nutrients, avoiding artificial additives. Mike Araghi, President of Next Gen Beverages, projects annual sales of $4 to $7 million starting in November, exclusively from Legacy's distribution center serving Colorado, South Dakota, and Wyoming.
Labor Smart, Inc. (OTC PINK:LTNC) has successfully acquired Illumination Holdings, Inc., marking a significant expansion in the beverage and snack industry. The acquisition, closed on August 13, 2024, integrates Illumination Holdings' extensive distribution network spanning over 5,000 retail locations across Colorado, Southern Wyoming, and South Dakota. This move is projected to increase LTNC's consolidated revenues by more than $25 million annually.
Key highlights include enhanced distribution through Legacy Distribution Group, a robust brand portfolio with exclusive distribution rights, and access to valuable Beer, Wine, Alcohol, and Tobacco distribution licenses. Brad Wyatt joins as Co-CEO and Board Member, alongside Tom Zarro. The acquisition was completed with LTNC issuing 750 million RESTRICTED common shares for 100% of Illumination Holdings' shares.
Labor Smart, Inc. (OTC PINK:LTNC) has announced a Binding Letter of Intent to acquire Illumination Holdings, Inc., a subsidiary of Illumination Brands, Inc. This acquisition aims to create a beverage and snack powerhouse, combining LTNC's celebrity and athletic partnerships with Illumination Holdings' extensive distribution network. Key highlights include:
- Illumination Holdings generated $30 Million in Revenues in 2023
- Distribution across 5000+ retail locations in Colorado, Southern Wyoming, and South Dakota
- Brad Wyatt to join LTNC as Co-CEO and Board member
- Acquisition of Legacy Distribution Group with 175+ years of industry experience
- Exclusive distribution rights for several popular brands
The deal is expected to close within two weeks, with LTNC delivering a mix of restricted common and preferred shares, partly performance-based.
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