SOURCE: Staffing 360 Solutions

Staffing 360� Solutions

April 23, 2012 18:29 ET

Staffing 360° Solutions Announces Approval of Name Change, Stock Symbol Change and Forward Split

Company Receives Notice From FINRA That Name Change and Symbol Change to STAF Effective as of April 24, 2012

NEW YORK, NY--(Marketwire - Apr 23, 2012) - Staffing 360° Solutions (Golden Fork Corporation d/b/a Staffing 360° Solutions) (OTCBB: GDNF) (OTCBB: STAF) today announced that it has received approval from the Financial Industry Regulatory Authority ("FINRA") for its corporate name change to "Staffing 360˚ Solutions, Inc." and for its 1-for-3 forward split.

The Company's Board of Directors had previously approved a forward split on a 1-for-3 basis, which increased the Company's outstanding shares of common stock from 2,540,000 to 7,620,000 on April 13, 2012. In connection with the name change, the Company's trading symbol will change from "GDNF" to "STAF," effective as of April 24, 2012.

"We are pleased to have completed our corporate name change to Staffing 360° Solutions, Inc. and believe that this new name and corresponding ticker symbol properly reflect our primary focus on a high-growth consolidation strategy within the staffing industry," stated Allan B. Hartley, CEO of Staffing 360° Solutions.

"We strongly believe that the current macro-economic environment, combined with our highly experienced management team, will allow us to fully execute our aggressive growth plan in 2012 and beyond," noted Alfonso J. Cervantes, President.

Staffing 360° Solutions anticipates initially acquiring a platform company concurrent with an Alternative Public Offering as it pursues the acquisition of a broad spectrum of staffing agencies in the IT, financial, accounting, healthcare and banking industries. The overall high growth staffing market is highly fragmented with an estimated 15,000 companies generating less than $20 million in revenues in the United States alone. The 50 largest staffing companies in the U.S. generate approximately 40% of annual industry revenues. Staffing 360° is committed to creating a major international publicly-held staffing organization with diversified staffing services through this targeted accretive acquisition strategy.

About Staffing 360° Solutions

Staffing 360° Solutions is an emerging public company in the international staffing sector that intends to acquire high growth domestic and European staffing agencies. As part of its highly targeted consolidation model, Staffing 360° Solutions is pursuing broad spectrum staffing companies in the IT, financial, accounting, healthcare and banking industries. The Company believes the staffing industry offers significant opportunity to create a successful public company with a longer term objective of accretive acquisitions that will drive annual revenues to a minimum of $250 million.

On March 1, 2012, Staffing 360° Solutions, Inc. announced commencement of operations pursuant to its consolidation business model in the temporary staffing sector. That release can be accessed here: http://finance.yahoo.com/news/staffing-360-solutions-announces-commencement-234000536.html.

Forward-Looking Statements

This press release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. Staffing 360° Solutions expressly disclaims any obligation to publicly update any forward-looking statements contained herein, whether as a result of new information, future events or otherwise, except as required by law. In addition, no assurances can be made that Staffing 360° Solutions will successfully acquire any acquisition targets.

Contact Information

  • Contacts:

    Company Contact:
    Staffing 360° Solutions, Inc.
    A.J. Cervantes
    President
    Phone: 212.521.4406

    Financial Communications:
    Trilogy Capital Partners, Inc.
    Darren Minton
    President
    Toll-free: 800.592.6067
    info@trilogy-capital.com