Takeover Industries, Inc acquired Labor Smart, Inc. (OTCPK : LTNC) in a reverse merger transaction for approximately $240 million.
March 28, 2021
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Takeover Industries, Inc agreed to acquire Labor Smart, Inc. (OTCPK : LTNC) in a reverse merger transaction for approximately $240 million on February 28, 2021. Takeover Industries shall issue 6.8 billion RESTRICTED shares of common stock to the shareholders of Labor Smart. Consummation of this transaction will result in a change of control of Labor Smart, Inc. Joe Pavlik would be appointed as the new President and Chief Executive Officer of Labor Smart, Inc.
Takeover Industries, Inc completed the acquisition of Labor Smart, Inc. (OTCPK : LTNC) in a reverse merger transaction on March 1, 2021.
Labor Smart, Inc. provides on-demand blue collar staffing primarily in the southeastern United States. It provides on-demand temporary labor to a variety of industries. The Company also offers flexible resources for on-demand personnel to small and large businesses in areas, which include construction, manufacturing, hospitality, event-staffing, restoration, warehousing, retailing, disaster relief and cleanup, demolition and landscaping. The Company's clients range from small businesses to Fortune 100 companies. The Company also operates a restaurant franchise and is seeking additional opportunities outside of the staffing industry. The Companyâs subsidiary is Takeover Industries, Inc. Takeover Industries, Inc. is an early stage, pre-revenue beverage venture.
LABOR SMART, INC. 
