Business
Labor Smart, Inc. Retains Glendale Securities to Elevate Trading Status and Enhance Shareholder Value
Labor Smart, Inc. Retains Glendale Securities to Elevate Trading Status and Enhance Shareholder Value.
About this update from Labor Smart Inc
[{"type":"text","content":"JACKSON, WY / ACCESSWIRE / June 28, 2024 / Labor Smart, Inc. (OTC PINK:LTNC), through its wholly-owned subsidiary Next Gen Beverages, the maker of the performance drink brand LOCK'DIN, is pleased to announce a significant strategic advancement. Labor Smart, Inc. has retained Glendale Securities to file Form 15c2-11 with the OTC Markets and Securities Exchange. This initiative will transition our trading symbol, LTNC, from unsolicited quotes to solicited quotes, thereby enhancing the visibility and accessibility of our stock to a broader range of brokers and investors, both domestically and internationally.The retention of Glendale Securities is part of a broader strategy to strengthen Labor Smart's market presence and enhance the trading experience for our shareholders. This transition to solicited quotes will allow more brokers to offer our stock, significantly broadening our reach. The expected outcome is not only increased liquidity but also a more dynamic and engaging market presence for LTNC.Tom Zarro, CEO of Labor Smart, Inc., commented, "Expanding our trading capabilities is a pivotal step in our strategic growth plan. By moving to solicited quotes, we can provide greater transparency and liquidity to our shareholders, which we believe will drive increased investor confidence and participation. This move aligns perfectly with our commitment to maximizing shareholder value and ensuring that our clients, investors, and fans of our Ambassador's brands can partake in the exciting journey of Next Gen Beverages."In addition, Labor Smart, Inc. has taken another proactive measure by opening an investment trading account with Glendale Securities. This account is designed to provide the company with the flexibility to purchase its own stock in the future, should market conditions and corporate strategy align. While a stock buyback program is anticipated, it is not being formally announced at this time.Zarro elaborated, "It is essential for us to be prepared for future opportunities. Having this account in place ensures that we can act decisively and strategically when it is most advantageous for the company and our shareholders."The filing process with the OTC Markets and Securities Exchange is expected to take approximately three months. During this period, Labor Smart, Inc. will work closely with Glendale Secu...