Command Center, Inc. cancelled the acquisition of substantially all assets from Labor Smart, Inc..
June 28, 2015 at 12:00 am EDT
Command Center, Inc. (OTCPK:CCNI) entered into a non-binding letter of intent to acquire substantially all assets from Labor Smart, Inc. (OTCPK:LTNC) in cash on May 26, 2015. For the year ended December 26, 2014, Labor Smart generated revenues of $23.98 million, total assets of $5.12 million, operating loss of $0.47 million, negative EBITDA of $0.3 million, net loss of $5.12 million, negative total common equity of $2.69 million, net debt of $5.38 million and total debt of $5.55 million. As on May 28, 2015, the offer was rejected by Labor SMART.
Command Center, Inc. (OTCPK:CCNI) cancelled the acquisition of substantially all assets from Labor Smart, Inc. (OTCPK:LTNC) on June 28, 2015.