NEW YORK, NY--(Marketwired - May 21, 2014) - Staffing 360 Solutions, Inc. (OTCQB: STAF), a public company engaged in the provision of domestic and international staffing services in the finance and accounting, administrative, engineering, IT and cybersecurity verticals, announced today the publication of its updated investor fact sheet, as well as a revised quarterly revenue forecast for 2014, in light of the Company's recent acquisition of PeopleSERVE.
The updated forecast for the next three fiscal quarters is as follows:
- $24.1 million for the quarter ending May 31, 2014,
- $30.2 million for the quarter ending August 31, 2014, and
- $32.1 million for the quarter ending November 30, 2014.
"We are pleased to release our updated quarterly revenue forecast," said A.J. Cervantes, Vice Chairman and President of Staffing 360 Solutions. "It is important to note that these numbers don't give effect to any future acquisitions, so there is potential for additional upside given our M&A activity. Our particular focus in key growth verticals, positions Staffing 360 to benefit from the projected rapid expansion of these sectors, as evidenced by our most recent acquisition of PeopleSERVE and its specialization in the high-growth IT industry."
The updated investor fact sheet and revenue forecast provides a clear overview of Staffing 360 Solutions' business model and the company's growth potential. It represents an important resource for both existing shareholders and prospective investors.
Staffing 360's updated investor fact sheet can be viewed by navigating to:
About Staffing 360 Solutions, Inc.
Staffing 360 Solutions, Inc. (OTCQB: STAF) is a public company in the global staffing sector engaged in the acquisition of domestic and international staffing organizations with operations in the US, Europe and India. As part of its targeted consolidation model, Staffing 360 Solutions is pursuing broad spectrum staffing companies in the IT, financial, accounting, healthcare 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
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.