SOURCE: Staffing 360 Solutions

Staffing 360 Solutions

May 01, 2013 07:01 ET

Staffing 360 Solutions Completes Acquisition of The Revolution Group

Threshold Event Establishes Staffing 360's Entrance Into the Cyber Security Market Under the Company's New Division: Cyber 360 Solutions

NEW YORK, NY--(Marketwired - May 1, 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 cyber security industries, announced today that it has closed the acquisition of The Revolution Group, Ltd. from its sole shareholders Mark Aiello, Michael Consolazio and Heather Haughey.

The Revolution Group is a staffing services company specializing in the deployment of highly trained personnel for the Cyber Security industry with a focus on Cyber Terrorism. Pursuant to the terms of the acquisition that was completed on April 26, 2013, Staffing 360 Solutions acquired all the issued and outstanding stock of The Revolution Group and became a wholly owned subsidiary of the Company. The Revolution Group is expected to commence business under the Company's newly formed Cyber 360 Solutions division.

"Closing this acquisition is a significant milestone for Staffing 360 Solutions as we penetrate the emerging Cyber Security market," stated Allan Hartley, CEO of Staffing 360 Solutions. "The Revolution Group provides us with a platform of some of the most qualified security professionals in the United States as we implement our initiatives in Cyber Security consulting, which is quickly becoming a critical focus for protecting our fragile national and international digital infrastructure."

Established in 1999 with headquarters in Boston's high-tech corridor, The Revolution Group is one of the few Cyber Security consulting firms in the United States solely dedicated to identifying some of the top Cyber Security professionals available for consulting assignments. The company has won numerous accolades, including a Diversity Supplier Award, and Fastest Growing IT firm in the United States.

"We are thrilled to officially become part of Staffing 360 Solutions," stated Mark Aiello, President and CEO of The Revolution Group. "As we transition our operations to Cyber 360 Solutions branding, we look forward to increasing our presence in the market and solidifying our leadership position for supplying the most qualified individuals in the fight against the growing cyber threat for our major corporations, as well as our national security needs." In addition to his position as President of Cyber 360 Solutions, Mr. Aiello has been named Senior Vice President to Staffing 360 Solutions, the parent Company.

Management of the Company will host an investor conference call to discuss in detail the acquisition of The Revolution Group on Thursday, May 2, 2013 at 10:30 am Eastern. Speakers will include: Allan Hartley, CEO of Staffing 360 Solutions; A.J. Cervantes, President of Staffing 360 Solutions; and Mark Aiello, President and CEO of The Revolution Group and President of Cyber 360 Solutions. The purpose of the call is to provide in-depth analysis of the world Cyber Security market as well as the impact of The Revolution Group acquisition by Staffing 360 Solutions. The conference call will include a Q&A session where investors will have the opportunity to ask questions of senior management.

The teleconference can be accessed by dialing 877-407-0778 when calling within the United States or 201-689-8565 when calling internationally. Please dial in 10 minutes prior to the beginning of the call. There will be a playback available until May 16, 2013. To listen to the playback dial 877-660-6853 when calling within the United States or 201-612-7415 when calling internationally and use replay ID number: 413528.

The conference call will be simultaneously webcast and available at:
http://www.investorcalendar.com/IC/CEPage.asp?ID=170935

About Staffing 360 Solutions, Inc.

Staffing 360 Solutions, Inc. (OTCQB: STAF) 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 targeted consolidation model, Staffing 360 Solutions is pursuing broad spectrum staffing companies in the IT, financial, accounting, healthcare and cyber security 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 a minimum of $250 million. For more information, please visit: www.staffing360solutions.com

Forward-Looking Statements

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.

Contact Information

  • Company Contact:

    A.J. Cervantes
    President
    Staffing 360 Solutions, Inc.
    212.634.6410
    Email Contact

    Financial Communications:

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