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 has retained Glendale Securities to file Form 15c2-11 to enhance LTNC's trading status. This move transitions LTNC from unsolicited to solicited quotes, broadening its market reach and liquidity. The initiative aims to increase visibility among brokers and investors. CEO Tom Zarro emphasizes this step's alignment with Labor Smart's growth strategy, aiming to boost investor confidence and maximize shareholder value. Additionally, Labor Smart has opened an investment trading account with Glendale Securities, preparing for potential stock buyback opportunities. The filing process is expected to take three months.
Labor Smart's subsidiary, Next Gen Beverages, conducted a town square event on X (formerly Twitter) on June 18th. They announced UFC Champion Rose Namajunas and MMA fighter Alyse Anderson as brand ambassadors for their performance drink, LOCK'DIN. CEO Tom Zarro emphasized the resilience, precision, and champion mindset of Namajunas, aligning her traits with the brand's values.
Preliminary second-quarter sales figures were shared: April ~$114,000, May ~$78,000, and June ~$50,000 (projected). Although the team is not satisfied with these results, they plan to enhance direct-to-consumer channels before expanding retail.
Michael Araghi was elected to the Board of Directors and will become President of Next Gen Beverages on July 1st. Lastly, they launched a -edition "Freedom" Hydrogen Water for Independence Day.
Labor Smart, through its subsidiary Next Gen Beverages, has announced a strategic partnership with the Association of Pickleball Players (APP). LOCK'DIN Beverages, known for its Hydrogen Rich Water (HRW), is now the Official Hydrogen Water of the APP. This collaboration aims to introduce HRW's performance, wellness, and recovery benefits to pickleball players—a rapidly growing sport in the USA and globally. LOCK'DIN Beverages will sponsor various APP events in 2024, starting with the APP Chicago Open from Aug. 28 to Sep. 1. The initiative aims to position HRW as a leading functional water for athletes.
Labor Smart (OTC PINK:LTNC) held a town square event on X Spaces on May 14, 2024. Through its subsidiary, Next Gen Beverages, the company discussed various topics including new products, such as a new flavor POG, and introduced Chad Owens as their new Ambassador and Sales Distribution Partner for Hawaii. The company mentioned potential share reduction strategies with a buyback value of $400,000 and the initiation of a company trading account for future buybacks. Distribution opportunities in Asia and Dubai are still in process. The company will use a 5-day extension window for Q1 filings. Additionally, their LOCK'DIN trademark has been published without opposition.
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