An unknown buyer cancelled the acquisition of operating assets of eight branches from Labor Smart, Inc..

Labor Smart, Inc. (OTCPK:LTNC) signed a non-binding letter of intent to sell operating assets of eight branches for $2.5 million in cash on February 15, 2016. Labor Smart will retain its open accounts receivable from the operating locations. An unknown buyer cancelled the acquisition of operating assets of eight branches from Labor Smart, Inc. (OTCPK:LTNC) on February 15, 2017.