How Far Will It Go? Labor Smart, Inc. (OTCMKTS:LTNC) Announces New Trademark

Labor Smart, Inc. (OTCMKTS:LTNC) is seeing a heavy selling pressure in early morning session on Monday.

Market Reaction: Stock Falls Sharply

As of 11:42, LTNC stock moved down 19% to $0.0280 with more than 82.6 million shares, compared to its average volume of 168.98 million shares. The stock has moved within a range of $0.0270 – 0.0294 after opening the trade at $0.0287.

Major Trigger:

LTNC Takeover Industries Announces Sale of ‘Labor Smart’ Trademark

Key Highlights:

• 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.

Key Quote from

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 $250,000.00 USD for the sale of the Trademark, and we also retain the right to use the Trademark royalty free for the next two years. This was an easy decision as the proceeds will support more areas of our functional beverage brand development.”

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