SOURCE: Staffing 360 Solutions

Staffing 360 Solutions

October 14, 2014 07:01 ET

Staffing 360 Solutions Announces Application for NASDAQ Capital Market Listing

Company Anticipates Uplisting to a National Exchange Once It Meets All of the Necessary Listing Requirements

NEW YORK, NY--(Marketwired - Oct 14, 2014) - Staffing 360 Solutions, Inc. (OTCQB: STAF), a public company executing a global buy-and-build strategy through the acquisition of domestic and international staffing organizations with operations in the US and Europe, today announced that it has filed an application for uplisting its common stock on The NASDAQ Capital Market. Such listing is dependent on the Company meeting all of the necessary listing requirements of NASDAQ.

"We are pleased to announce our initial application with NASDAQ as we take the necessary steps to increase our visibility in the capital markets," stated Brendan Flood, Executive Chairman of Staffing 360 Solutions. "The steps we are taking to list on a national exchange validates our unwavering commitment to creating a major global staffing company with strong corporate governance and full transparency as we drive toward our stated mission of reaching $300 million in revenue."

Staffing 360 Solutions has already achieved a majority of the listing requirements. Based on management's analysis, the Company believes it will qualify for alternate bid price criteria, which would allow it to uplist to a national exchange based on a $2.00 bid price.

Mr. Flood continued, "The Board and our executive team are confident that a national exchange listing such as NASDAQ will be of tremendous benefit to existing and potential shareholders alike. Not only would we expect a national exchange listing to allow us to attract additional investors and increase liquidity, we would also expect it to make Staffing 360 Solutions available to a broader segment of the institutional investment community as we strive to improve our revenue, earnings and shareholder value."

About Staffing 360 Solutions, Inc.

Staffing 360 Solutions, Inc. (OTCQB: STAF) is a public company in the staffing sector engaged in the execution of a global buy-and-build strategy through the acquisition of domestic and international staffing organizations with operations in the US and Europe. As part of its targeted consolidation model, the Company is pursuing acquisition targets in the finance and accounting, administrative, engineering, IT and cybersecurity industries. The Company believes the staffing industry offers opportunities to create a successful public company with a longer term objective of accretive acquisitions that will drive annual revenues to $300 million. For more information, please visit: www.staffing360solutions.com

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Forward-Looking Statements

Certain matters discussed within this press release are forward-looking statements including, but not limited to, new agreements, the ability to enter into any additional acquisitions, the size of future revenue or the Company's ability to qualify and successfully uplist its securities to a national exchange. Although Staffing 360 Solutions, Inc. believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Staffing 360 Solutions does not undertake any duty to update any statements contained herein (including any forward-looking statements), except as required by law. Factors that could cause actual results to differ materially from expectations include general industry considerations, regulatory changes, changes in local or national economic conditions and other risks detailed from time to time in Staffing 360 Solutions' reports filed with the SEC, including quarterly reports on Form 10-Q, reports on Form 8-K and annual reports on Form 10-K.

Contact Information

  • Company Contact:

    Staffing 360 Solutions, Inc.
    Alfonso J. Cervantes
    Vice Chairman and President
    212.634.6410
    Email Contact

    Financial Communications:

    Trilogy Capital Partners, Inc.
    Darren Minton
    President
    212.634.6413
    Email Contact