SOURCE: Staffing 360 Solutions

Staffing 360 Solutions

September 19, 2014 09:01 ET

Staffing 360 Solutions Releases Transcript of Earnings Call

Management Team Details the Financial Results for Fiscal 2014 and Discusses the Company's Future Growth Initiatives

NEW YORK, NY--(Marketwired - Sep 19, 2014) - Staffing 360 Solutions, Inc. (OTCQB: STAF), a public company executing a global buy-and-build strategy through the acquisition of domestic and international staffing organizations with operations in the US and Europe, today announced the availability of the transcript of its earnings conference call for the fiscal year ended May 31, 2014, which was held on September 16, 2014.

During the conference call Brendan Flood, Staffing 360's Executive Chairman, stated, "Fiscal 2014 has been a very exciting time for Staffing 360 Solutions. We have consummated four more acquisitions, bringing our total to five... Overall, this has brought our annualized revenue from $5 million at the end of fiscal 2013 to more than $120 million now."

Mr. Flood continued, "Our overall mission is to continue to acquire larger and increasingly more attractive companies with strong margins as we drive for profitability in 2015 and beyond. We also aim to uplist our stock to a senior exchange as soon as we meet all of the listing requirements, which would be a major benefit to our loyal shareholders and prospective investors alike."

Throughout the conference call Staffing 360 Solutions' management talked about the Company's five acquisitions, its M&A pipeline, the team's "Pathway to Profitability," and full detail surrounding the financial results for the fiscal year ended May 31, 2014.

Interested parties are encouraged to read the full transcript of the conference call, which is available here:
www.staffing360solutions.com/content/staf_transcript_fy2014.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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Forward-Looking Statements

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.

Contact Information

  • Company Contact:

    Staffing 360 Solutions, Inc.
    Alfonso J. Cervantes
    Vice Chairman and President
    212.634.6410
    Email Contact

    Financial Communications:

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