Harris Ventures, Inc. made an unsolicited offer to acquire operating assets of five branch locations from Labor Smart, Inc. (OTCPK:LTNC) for $1.03 million on July 31, 2015. Harris Ventures, Inc. entered into a definitive agreement to acquire the operating assets of five specific branch locations from Labor Smart, Inc. (OTCPK:LTNC) on August 5, 2015. In addition, under the terms of the purchase agreement, Labor SMART will retain the open accounts receivable at the sold branches, totaling $811,081. The transaction is expected to complete on close of business as on August 12, 2015. Joseph A. Probasco of Bush Ross, P.A. acted as legal advisor for Harris Ventures.

Harris Ventures, Inc. completed the acquisition of operating assets of five branch locations from Labor Smart, Inc. (OTCPK:LTNC) on August 12, 2015.