SOURCE: Staffing 360 Solutions
NEW YORK, NY--(Marketwire - Mar 22, 2013) - Staffing 360 Solutions, Inc. (OTCQB: STAF), an emerging growth public company engaged in the provision of international staffing services in IT, financial, accounting, healthcare and banking industries, today announced the formation of Cyber 360 Solutions, a newly established cyber security division. The company's new division is focused on providing critical staffing services and personnel in direct response to the rising threat of global cyber attacks.
"We are pleased to announce the formation of Cyber 360 Solutions," stated Allan Hartley, CEO of Staffing 360 Solutions. "This new division has been created to recruit some of the top talent in this particular vertical, as Staffing 360 begins to place a significant focus on the cyber security industry."
According to Gartner, Inc., an information technology research and advisory firm, global spending on cyber security by governments and corporations is expected to hit $86 billion by 2016. In addition, there are over 500,000 attacks on corporations globally every day, with America's leading companies experiencing billions of dollars of intellectual property theft, much of which goes unnoticed.
"With the corporate sector and the US government facing potentially crippling attacks every day, the Pentagon alone has announced it is set to increase its cyber security personnel five-fold over the next few years," stated A.J. Cervantes, President of Staffing 360 Solutions. "This represents a tremendous opportunity for rapid growth as the need for cyber security expertise continues to expand, and we aim to be at the forefront of this industry as part of our targeted acquisition model."
Staffing 360 Solutions believes that a consolidation strategy is ideally suited for the highly fragmented temporary staffing industry. The company's management team has been engaged in the development of a comprehensive program to create a robust pipeline of prospective acquisitions, with the company's newly formed Cyber 360 Solutions division having a particular focus on cyber security.
About Staffing 360 Solutions, Inc.
Staffing 360 Solutions, Inc. is an emerging public company in the international staffing sector that intends to acquire high-growth domestic and international 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. www.staffing360solutions.com
Certain matters discussed within this press release are forward-looking statements. 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.