SOURCE: Staffing 360 Solutions

Staffing 360 Solutions

October 23, 2014 13:05 ET

Staffing 360 Solutions Releases Transcript of Earnings Call

Management Team Details the Financial Results for Fiscal Q1 2015 and Discusses the Company's Future Growth Initiatives

NEW YORK, NY--(Marketwired - Oct 23, 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 quarter ended August 31, 2014, which was held on October 21, 2014.

During the conference call Brendan Flood, Staffing 360's Executive Chairman, stated, "During fiscal Q1 last year, we had a single acquisition under our belt, Cyber 360 Solutions. Since then, we have completed four additional acquisitions... This has fueled our expansion from approximately $1 million in revenue in fiscal Q1 2014, to over $33 million in fiscal Q1 2015."

Mr. Flood continued, "We are fully committed to becoming profitable as soon as possible. Our expectation is that we will move into profitability on an adjusted EBITDA basis during fiscal 2015… We also aim to uplist to a senior exchange. On this front, we just announced our application to NASDAQ and we believe that we qualify for the alternative bid price requirement, which allows us to uplist at $2.00."

Throughout the conference call Staffing 360 Solutions' management talked about the Company's five acquisitions, its growth strategy, the team's "Pathway to Profitability," and full detail surrounding the financial results for the fiscal quarter ended August 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_q12015.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 buy-and-build strategy through the acquisition of domestic and international staffing organizations with operations in the US and Europe. As part of its targeted consolidation model, the Company is pursuing acquisition targets 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, 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