SOURCE: Staffing 360 Solutions, Inc.

Staffing 360 Solutions, Inc.

June 13, 2016 07:30 ET

Staffing 360 Solutions Announces New Office Location in North Carolina

Company's Organic Growth Continues as New Location Results in a Total of 20 Offices in the United States and the United Kingdom

NEW YORK, NY--(Marketwired - June 13, 2016) - Staffing 360 Solutions, Inc. (NASDAQ: STAF), a public company executing a global buy-and-build strategy through the acquisition of staffing organizations in the US and the UK, today announced the Company's Monroe Staffing subsidiary has opened a new office in Concord, North Carolina.

This new location represents the Company's third office in North Carolina since expanding into the state three years ago. As a result, Staffing 360 Solutions now has 20 offices in the United States and the United Kingdom, as well as 6 on-site locations across all subsidiaries. The new office, which went through a preliminary launch earlier this year, is beginning to contribute to overall sales now that the space is fully staffed and operational.

"Our new office is a very exciting development," stated Matt Briand, President and CEO of Staffing 360 Solutions. "We identified this location in North Carolina and believe it represents the ideal site to expand our presence in a market where we have been seeing strong demand for our services. We are thrilled with the organic growth we have experienced this year, and we are glad Staffing 360 is expanding into new locations where this growth can continue."

The Company's Monroe Staffing subsidiary was established in 1969 and is a full-service consulting and staffing agency serving companies ranging from Fortune 100 to new startup organizations. Monroe's offices are now located throughout Connecticut, Massachusetts, Rhode Island, New Hampshire and North Carolina.

Staffing 360 Solutions believes that a consolidation strategy is ideally suited for the highly fragmented temporary staffing industry. The management team has been engaged in the development of a comprehensive program to create a robust pipeline of prospective acquisitions, with a longer term objective of driving annual revenues to $300 million.

About Staffing 360 Solutions, Inc.

Staffing 360 Solutions, Inc. (NASDAQ: 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 in the US and the UK. The Company believes the staffing industry offers opportunities for accretive acquisitions that will drive its annual revenues to $300 million. As part of its targeted consolidation model, the Company is pursuing acquisition targets in the finance and accounting, administrative, engineering and IT staffing space. 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 the timing and ability to enter into any additional acquisitions, as well as the size of future revenue. 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. Specifically, in order for the Company to achieve annualized revenues of $300 million, the Company will need to successfully raise sufficient capital, to consummate additional target acquisitions, successfully integrate any newly acquired companies, organically grow its business, successfully defend current and any potential future litigation, as well as various additional contingencies, many of which are unknown at this time and generally out of the Company's control. The Company can give no assurance that it will be able to achieve these objectives. 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.

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Contact Information

  • Investor Relations Firm:
    PCG Advisory Group
    Stephanie Prince, Managing Director
    646.762.4518
    Email contact


    Corporate Investor Contact:

    Staffing 360 Solutions, Inc.
    Darren Minton, Executive Vice President
    212.634.6413
    Email contact


    Financial Contact:

    Staffing 360 Solutions, Inc.
    David Faiman, Chief Financial Officer
    212.634.6410
    Email contact