LTNC Forms New Subsidiary Elevate Health & Wellness Nutritionals
Rhea-AI Summary
Labor Smart, Inc. (OTC PINK:LTNC) has launched a new subsidiary, Elevate Health and Wellness Nutritionals, in partnership with Elevate Health and Wellness This new venture will focus on direct-to-consumer distribution of vitamins and supplements, initially targeting patients using GLP-1 weight loss medications like Semaglutide and Terzepatide.
Joseph Curshen, CEO of Elevate, will lead this division, bringing his experience in scaling direct-to-consumer wellness brands. His track record includes acquiring over 30,000 new patients and building a 13,000+ patient brand in just nine months. The new product line, set to launch this fall, aims to support individuals on medical weight loss programs by offsetting side effects and improving results.
This marks LTNC's fourth wholly owned subsidiary, joining Next Gen Beverages, Illumination Holdings, and Next Gen Holdings, contributing to the company's diversified portfolio.
Positive
- Launch of new subsidiary Elevate Health and Wellness Nutritionals
- Partnership with established online medical weight loss company
- Experienced leadership with Joseph Curshen as CEO of Elevate division
- Targeting growing market of GLP-1 weight loss medication users
- Addition of new revenue stream to LTNC's portfolio
Negative
- None.
JACKSON, WY / ACCESSWIRE / September 13, 2024 / Labor Smart, Inc. (OTC PINK:LTNC) proudly announces its launch of a new subsidiary Elevate Health and Wellness Nutritionals in partnership with Elevate Health and Wellness LLC, an established online medical weight loss company which offers patients GLP-1 weight loss medications Semaglutide and Terzepatide.
Joseph Curshen, CEO of Elevate, brings a wealth of experience in scaling and managing successful direct-to-consumer ventures to his new role with Labor Smart, Inc. (LTNC). As the head of the Elevate division, Joseph will lead the direct-to-consumer distribution of a new vitamin and supplement line. The product line will initially focus on helping patients who are prescribed GLP-1 medications.
Joseph's track record in the telemedicine industry is distinguished by significant achievements, including the acquisition of over 30,000 new patients across multiple direct-to-consumer wellness brands. Notably, he has played a pivotal role in scaling three successful online direct-to-consumer wellness brands, including building a 13,000+ patient brand within just nine months. Under his leadership, his current direct-to-consumer wellness business has grown into a multimillion-dollar operation entirely through organic growth without outside capital.
This new brand of supplements will help support those individuals using medical weight loss programs to offset side effects while improving results. Elevate Health President Joseph commented "We've established a strong customer base of clients that are having success with the GLP-1 medications, albeit with some of the side effects. Being able to offer additional products to help offset these conditions will help improve results create a more pleasurable client experience. These new products will launch this fall.
LTNC Co-CEO Tom Zarro said "We're excited about this opportunity as it brings another revenue stream under our portfolio of subsidiaries that mutually support each other. This acquisition makes our 4th wholly owned subsidiary for Labor Smart. Currently we have Next Gen Beverages, Illumination Holdings, Next Gen Holdings and now Elevate. All entities roll up to our parent and provides the financial security and benefits of a well-diversified family of companies"
About Elevate Health & Wellness LLC
Elevate Health and Wellness LLC offers individuals in the USA advanced weight management solutions, including doctor-led therapeutic interventions and medications like Semaglutide and Tirzepatide, known to enhance weight loss by targeting metabolic setpoints. Additionally, users benefit from ongoing support and direct access to medical professionals aimed at improving overall well-being.
About Labor Smart
Labor Smart, Inc. is a leading company in brand development, manufacturing, and distribution. Labor Smart, Inc. is traded on the OTC markets under ticker symbol LTNC. Its main subsidiaries include Illumination Holdings and Next Gen Beverages.
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Safe Harbor Statement
This press release contains forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Such forward-looking statements relate to future events or our future performance, including our financial performance and projections, revenue and earnings growth, and business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as "may," "should," "expects," "anticipates," "contemplates," "estimates," "believes," "plans," "projected," "predicts," "potential," or "hopes" or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: (i) potential failure to meet projected development and related targets; (ii) changes in applicable laws or regulations that may impact our products and business; and (iii) other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in other reports and other public filings with OTC Markets. These and other factors may cause our actual results to differ materially from any forward-looking statement. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this press release and other statements made from time to time by us or our representatives might not occur.
Contact
Investor Relations: ir@laborsmartinc.com
@LaborSmartNews
SOURCE: Labor Smart, Inc.
View the original press release on accesswire.com
FAQ
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