Labor Smart, Inc. (LTNC) Announces New Manufacturing and Distribution Relationships; Q4 Earnings Expected to Surpass Expectations

Rhea-AI Summary

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.

Positive

• New manufacturing and distribution partnerships expected to boost Q4 earnings
• 380,000 cases of new product to be completed by end of October, all pre-sold
• First production run projected to generate over $5 million in top-line revenue
• Estimated gross profit margin exceeding 150% for the first production run
• Second production run of 380,000 cases scheduled for mid-November
• Total revenue from both production runs estimated to exceed $10 million
• Labor Smart owns 25% (up to 35% based on milestones) of the company behind this opportunity

Negative

• None.

JACKSON, WY / ACCESSWIRE / October 17, 2024 / Labor Smart, Inc. (OTC PINK:LTNC), a leading company specializing in brand development, manufacturing, and distribution, is excited to announce new manufacturing and distribution partnerships that are projected to significantly impact the company's Q4 earnings, exceeding initial expectations.

Through the equity acquisition by Labor Smart of the brand creation company, LTNC is pleased to announce the commencement of production on one of the new brands, with favorable terms secured for the completion of 380,000 cases of the product by the end of October. This product is set for immediate distribution into undisclosed markets, which will be revealed in late November. The first production run is expected to generate over $5 million in top-line revenue, with an estimated gross profit margin that exceeds 150%. The entirety of this first production run has been pre-sold to strategic partners, whose identities will not be disclosed until late November. Labor Smart, Inc. owns 25% (up to 35% based on milestones) of the company responsible for this exciting opportunity, and additional updates regarding other brands involved in this project are forthcoming.

A second production run for an additional 380,000 cases is scheduled for mid-November, with the majority of product expected to be sold by year's end. The total revenue from the first two production runs and sale of product is estimated to exceed $10 million.

Co-CEO Tom Zarro expressed his enthusiasm for the company's progress: "This is just the beginning of some very exciting news for our LTNC shareholders. These new partnerships and production capabilities are setting the stage for long-term growth and success."

Co-CEO Brad Wyatt echoed Zarro's sentiments, adding: "Our focus on strategic partnerships and innovative solutions continues to drive our success, and we're thrilled to share this progress with our investors and partners."

About Labor Smart, Inc.

Labor Smart, Inc. is a leading company specializing in brand development, manufacturing, and distribution. Trading on the OTC markets under the ticker symbol LTNC, the company operates through several subsidiaries, including Illumination Holdings, Next Gen Beverages LLC, and Elevate Health & Wellness Nutraceuticals.

For more information, please visit www.lockdin.com.

Contact Information:

Labor Smart, Inc.
125 S. King Street, Suite 2A #2922
Jackson, WY 83001-2922
United States

Safe Harbor Statement:

This press release contains forward-looking statements based on expectations and projections about future events. These forward-looking statements relate to financial performance, revenue growth, and business opportunities. The company disclaims any obligation to update or revise forward-looking statements, which are subject to uncertainties and assumptions, including the risks described in filings with OTC Markets.

Contact Information

shannon murray
Director of Admin
shannon@lockdin.com
2079444612

SOURCE: Labor Smart, Inc.

View the original press release on accesswire.com

FAQ

What is the expected revenue from Labor Smart's (LTNC) new production runs?

Labor Smart (LTNC) expects to generate over $5 million in top-line revenue from the first production run of 380,000 cases, with total revenue from both production runs estimated to exceed $10 million.

How many cases of the new product will Labor Smart (LTNC) produce in 2024?

Labor Smart (LTNC) plans to produce 760,000 cases of the new product in 2024, with 380,000 cases to be completed by the end of October and another 380,000 cases scheduled for mid-November.

What is the gross profit margin for Labor Smart's (LTNC) new product?

The estimated gross profit margin for Labor Smart's (LTNC) new product exceeds 150% for the first production run.

When will Labor Smart (LTNC) reveal the identity of its strategic partners?

Labor Smart (LTNC) plans to reveal the identity of its strategic partners and the undisclosed markets for the new product in late November 2024.