The Staffing Group, Ltd. (OTCBB:TSGL.D) acquired operating assets of four branch locations of Labor Smart, Inc. (OTCPK:LTNC) for $2.8 million on April 1, 2016. As per the consideration, The Staffing Group paid $0.89 million in cash, 0.6 million of its common stock, promissory note of $0.76 million, $0.16 million to Internal Revenue Service and also paid off $0.03 million Labor Smart debt.

The Staffing Group, Ltd. (OTCBB:TSGL.D) completed the acquisition of operating assets of four branch locations of Labor Smart, Inc. (OTCPK:LTNC) on April 1, 2016.