SOURCE: Staffing 360 Solutions
NEW YORK, NY--(Marketwired - Aug 29, 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 announces the release of a white paper on the global staffing industry, by market analyst Arthur Goldgaber of Goldgaber Research Group.
Titled "Staffing Industry Report: Consolidation Opportunity," the white paper describes the worldwide staffing industry, which generates an estimated $416 billion in annual revenues, as well as the many opportunities for consolidation within this high-growth sector of our economy. According to the white paper, outside of the top 10 staffing firms in the world, no other company has greater than 1% market share.
The white paper states, "The staffing industry is highly fragmented, with an estimated 15,000 staffing companies generating less than $20 million in annual sales in the United States alone."
The paper goes on to say, "There are approximately 70,000 private employment services agencies around the world. Overall, the U.S. is the world's largest staffing market, with $124 billion of annual sales and more than double the size of the next largest country. Meanwhile, Europe remains the largest region, representing approximately 40% of global staffing revenues."
The publication of the white paper is a part of Staffing 360's investor outreach and education program. To view the full white paper (free of charge, in PDF format), please visit: www.staffing360solutions.com/content/staf_wp_industry.pdf
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.