Labor Smart, Inc. (OTCID:LTNC) Retires 720 Million Shares to Treasury and Secures Strategic Go Fast Sports Agreement
Labor Smart (OTCID:LTNC) has announced a significant strategic transaction involving the retirement of 720 million shares to its treasury and a deal with Golden Triangle Ventures (OTC:GTVH) regarding the Go Fast Sports brand.
Under the agreement, LTNC will transfer Go Fast Sports brand assets to GTVH in exchange for the share retirement and key provisions including: a three-year license to market and sell Go Fast Sports beverages with 25% of gross profits payable to GTVH, exclusive manufacturing rights through LTNC's UPDC facility, and mutual non-compete agreements.
The transaction represents one of the largest share reductions in company history and demonstrates LTNC's commitment to addressing shareholder concerns about the capital structure.
Labor Smart (OTCID:LTNC) ha annunciato una significativa operazione strategica che prevede il ritiro di 720 milioni di azioni nella tesoreria e un accordo con Golden Triangle Ventures (OTC:GTVH) relativo al marchio Go Fast Sports.
Secondo l'intesa, LTNC trasferir脿 gli asset del marchio Go Fast Sports a GTVH in cambio del ritiro delle azioni e di clausole chiave, tra cui: una licenza triennale per commercializzare e vendere le bevande Go Fast Sports con il 25% dei profitti lordi corrisposto a GTVH, diritti esclusivi di produzione tramite l'impianto UPDC di LTNC e accordi reciproci di non concorrenza.
L'operazione rappresenta una delle pi霉 consistenti riduzioni di azioni nella storia della societ脿 e dimostra l'impegno di LTNC ad affrontare le preoccupazioni degli azionisti riguardo alla struttura del capitale.
Labor Smart (OTCID:LTNC) ha anunciado una importante operaci贸n estrat茅gica que implica la retirada de 720 millones de acciones a su tesorer铆a y un acuerdo con Golden Triangle Ventures (OTC:GTVH) respecto a la marca Go Fast Sports.
Seg煤n el acuerdo, LTNC transferir谩 los activos de la marca Go Fast Sports a GTVH a cambio de la retirada de acciones y de disposiciones clave, que incluyen: una licencia de tres a帽os para comercializar y vender las bebidas Go Fast Sports con el 25% de los beneficios brutos a pagar a GTVH, derechos exclusivos de fabricaci贸n a trav茅s de la planta UPDC de LTNC y acuerdos mutuos de no competencia.
La transacci贸n constituye una de las mayores reducciones de acciones en la historia de la compa帽铆a y demuestra el compromiso de LTNC de abordar las preocupaciones de los accionistas sobre la estructura de capital.
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Labor Smart (OTCID:LTNC) a annonc茅 une op茅ration strat茅gique importante impliquant le retrait de 720 millions d'actions au profit de sa tr茅sorerie et un accord avec Golden Triangle Ventures (OTC:GTVH) concernant la marque Go Fast Sports.
En vertu de l'accord, LTNC transf茅rera les actifs de la marque Go Fast Sports 脿 GTVH en 茅change du retrait des actions et de dispositions cl茅s, notamment : une licence de trois ans pour commercialiser et vendre les boissons Go Fast Sports avec 25% des b茅n茅fices bruts vers茅s 脿 GTVH, des droits exclusifs de fabrication via l'installation UPDC de LTNC, et des accords r茅ciproques de non-concurrence.
La transaction repr茅sente l'une des plus importantes r茅ductions d'actions de l'histoire de la soci茅t茅 et t茅moigne de l'engagement de LTNC 脿 r茅pondre aux pr茅occupations des actionnaires concernant la structure du capital.
Labor Smart (OTCID:LTNC) hat eine bedeutende strategische Transaktion angek眉ndigt, die die R眉ckf眉hrung von 720 Millionen Aktien in seine Schatzkammer und eine Vereinbarung mit Golden Triangle Ventures (OTC:GTVH) bez眉glich der Marke Go Fast Sports umfasst.
Nach der Vereinbarung wird LTNC die Markenwerte von Go Fast Sports an GTVH 眉bertragen und erh盲lt im Gegenzug die Aktienr眉cknahme sowie wesentliche Bestimmungen, darunter: eine dreij盲hrige Lizenz zur Vermarktung und zum Verkauf der Go Fast Sports-Getr盲nke mit 25% der Bruttogewinne, die an GTVH zu zahlen sind, exklusive Herstellungsrechte 眉ber LTNCs UPDC-Anlage sowie gegenseitige Wettbewerbsverbote.
Die Transaktion stellt eine der gr枚脽ten Aktienreduzierungen in der Firmengeschichte dar und unterstreicht LTNCs Engagement, die Bedenken der Aktion盲re bez眉glich der Kapitalstruktur anzugehen.
- Retirement of 720 million shares, significantly reducing share count and potential dilution
- Secured three-year license agreement to continue marketing Go Fast Sports beverages
- Retained exclusive manufacturing rights through UPDC facility
- 25% gross profit sharing arrangement from Go Fast Sports beverages sales
- Transfer of Go Fast Sports brand assets, trademarks, and related rights to GTVH
- Transaction subject to due diligence and final agreement execution
- Required to pay 25% of gross profits to GTVH for beverage sales
JACKSON, WY / / August 13, 2025 / Labor Smart, Inc. (OTCID:LTNC), a Jackson, Wyoming-based brand acquisition and development company, today announced the immediate retirement of 720,000,000 shares to its treasury as part of a strategic transaction involving the Go Fast Sports brand.
This action represents one of the largest share reductions in Company history and underscores LTNC's commitment to strengthening its capital structure, responding to shareholder concerns, and positioning the Company for long-term growth.
Strategic Transaction Overview
As part of the agreement with Golden Triangle Ventures, Inc. (OTC:GTVH), LTNC will transfer all Go Fast Sports brand assets, trademarks, inventory, and related rights to GTVH. In return, LTNC receives the retirement of 720 million shares, along with several provisions designed to ensure ongoing value creation for the Company:
Three-year license to market and sell Go Fast Sports beverages, with
25% of gross profits payable to GTVH.Exclusive manufacturing rights through LTNC's wholly-owned United Production & Distribution Co. (UPDC) facility.
Mutual non-compete and distribution agreements to protect the strategic interests of both companies.
Leadership Commentary
"This transaction is a decisive and positive step for LTNC shareholders," said Tom Zarro, Chairman of Labor Smart, Inc. "We have reduced our share count by hundreds of millions in a single move, strengthened our balance sheet, and retained the ability to continue producing and selling Go Fast Sports. At the same time, this positions us to direct more resources toward other high-growth opportunities in our portfolio. I've always said we've had a desire and a vision, now we have a plan, and this was a first step to address the share structure, one of many more to come. "
Brad Wyatt, CEO of Labor Smart, Inc., added:
"Shareholders made their voices heard last week regarding authorized shares, and we took immediate action to demonstrate our commitment to protecting and enhancing long-term value. Retiring 720 million shares is only the beginning - we have additional share structure initiatives planned that will further improve our capital profile and reduce potential dilution. Our focus is clear: build sustainable value, strengthen our brands, and deliver measurable results."
The Go Fast Sports transaction remains subject to customary due diligence, execution of a definitive Asset Purchase Agreement, and other standard closing conditions.
About Labor Smart, Inc. (OTCID:LTNC)
Labor Smart, Inc., headquartered in Jackson, Wyoming, is a dynamic brand acquisition and development company focused on building high-growth businesses in the beverage, lifestyle, and wellness sectors. Through strategic partnerships, innovative products, and a scalable infrastructure, LTNC is committed to delivering long-term value to its shareholders.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to be covered by the safe harbor created by such sections and the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "projects," "may," "will," "should," "could," "potential," "continue," and similar expressions. These forward-looking statements are based on current expectations, estimates, and projections about the Company's industry, management's beliefs, and certain assumptions made by management, and are not guarantees of future performance.
Investor Relations Contact: [email protected]
SOURCE: Labor Smart, Inc.
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FAQ
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