NEW YORK, NY--(Marketwired - Aug 25, 2014) - Staffing 360 Solutions, Inc. (OTCQB: STAF), a public company executing a global consolidation strategy through the acquisition of domestic and international staffing organizations with operations in the US and Europe, today announced that its Cyber 360 Solutions division has been awarded an Information Technology Schedule 70 contract by the U.S. General Services Administration (GSA), the federal government's procurement arm. The Cyber 360 Solutions contract number is GS-35F-483BA and the award is effective through August 20, 2019.
The five-year contract allows for all federal government agencies to obtain cybersecurity personnel and services from Cyber 360 Solutions as a trusted vendor. The GSA establishes long-term, government-wide contracts with commercial vendors to streamline and standardize the process of procuring products and services for the entire federal government. In a speaking engagement earlier this year, Defense Secretary Chuck Hagel said he expects the U.S. Cyber Command to grow from approximately 1,800 individuals to more than 6,000 cyber professionals by 2016, making it one of the largest such forces in the world.
"The opportunity to provide cybersecurity services and resources directly to the federal government is a major win," stated Mark Aiello, President of the Company's Cyber 360 Solutions division. "This is a significant first step to establish our Government Services practice which is being led by Paul Venezia, a distinguished military veteran. We can now more efficiently help prospective government clients focus on what matters most, assessing and resolving critical cybersecurity challenges to protect our national security interests."
As the Director of Government Services of the Company's Cyber 360 Solutions division, Paul Venezia, a retired Navy SEAL with 30 years of military experience, has been crucial in helping the Company navigate the complex government process to obtain the GSA Schedule 70. Prior to Cyber 360 Solutions, Mr. Venezia served on numerous SEAL Teams including SEAL Team 6, beginning in 1982 until retiring in 2013 at the rank of Chief Warrant Officer 4.
"It is extremely gratifying to see this federal government schedule finally come to fruition," said Mr. Venezia. "I'm thrilled to be able to share this accomplishment with the entire team at Staffing 360 Solutions. This arduous process was a group effort requiring all levels of management. We expect this development to have a very positive impact on our business and it represents the first step in our goal to provide the federal government with the cybersecurity workforce necessary for national and homeland security."
The GSA Schedule 70 award is the culmination of a rigorous process in which the GSA carefully evaluates companies to determine their proficiency and suitability for providing products and/or services to the federal government. The assessment covers an array of a corporation's capabilities, including organizational structure, performance history, customer satisfaction, and other criteria.
In awarding Cyber 360 Solutions a GSA Schedule 70 contract, the federal government has determined that the Company is recognized as a preferred vendor that is fully authorized to conduct business directly with federal government agencies. Cyber 360 Solutions can soon be found on the GSA Advantage web site at: www.gsaadvantage.gov
Cyber 360 Solutions is devoted to finding the top cyber security talent in the industry. Its parent company, Staffing 360 Solutions, has been engaged in the development of a comprehensive program to create a robust pipeline of prospective acquisitions. Management believes that Cyber 360 Solutions is one of the few cybersecurity consulting firms solely dedicated to identifying the top 10% of cybersecurity professionals available for consulting assignments. For more information, please visit:
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 consolidation strategy through the acquisition of domestic and international staffing organizations with operations in the US and Europe. As part of its targeted consolidation model, Staffing 360 Solutions is pursuing broad spectrum staffing companies 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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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, or 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. 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.