LTNC Takeover Industries Announces Sale of ‘Labor Smart’ Trademark
Labor SMART, Inc. (LTNC) has announced the sale of its Registered Trademark 'Labor Smart' for $250,000. CEO Joe Pavlik stated that the trademark does not align with the company’s long-term strategy, which now focuses on its subsidiary, Takeover Industries Inc., and the expansion of the NXT LVL Line of functional beverages. The agreement allows LTNC to use the trademark royalty-free for two years, with proceeds aimed at bolstering brand development. Shareholders are encouraged to follow updates via social media.
- Sale of the trademark provides $250,000 in proceeds for brand development.
- Retaining royalty-free rights to use the trademark for two years.
- The trademark sale indicates a shift away from previous branding strategy, which may affect market perception.
ATLANTA, June 07, 2021 (GLOBE NEWSWIRE) -- Labor SMART, Inc. (LTNC) (the “Company”), previously announced via Twitter, that the Company would entertain offers to sell its Registered Trademark, 'Labor Smart', US Trademark Registration number 4311630 (“Trademark”). This will not change the Company’s ticker symbol LTNC or the Company’s name.
Joe Pavlik, LTNC CEO & Takeover Industries President and Chief Science Officer, said, “After review, our executive team has determined that the Trademark does not fit into the long-term plan. The Company is now focused on its subsidiary, Takeover Industries Inc. and rapidly expanding the NXT LVL Line of functional beverage products.”
Pavlik further states, “The Company was offered, and has agreed to accept the offer of
Shareholders and interested parties are encouraged to follow @TakeoverJoe on Twitter for all future Company updates, which will include material information about the Company.
For more information, visit: www.TakeoverInd.com and www.NXTLVLUSA.com
Email: ir@takeoverind.com
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 OTC Markets.com.
Contacts:
Labor SMART, Inc.
it@takeoverind.com
FAQ
What was the sale price of the 'Labor Smart' trademark by LTNC?
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