SOURCE: Staffing 360 Solutions, Inc.

Staffing 360 Solutions, Inc.

October 20, 2015 07:30 ET

Staffing 360 Solutions Releases Transcript of Q1 2016 Earnings Call

Management Provides Commentary on the Fiscal Q1 Financial Results and Discusses the Company's Recent Milestones and NASDAQ Listing

NEW YORK, NY--(Marketwired - October 20, 2015) - Staffing 360 Solutions, Inc. (NASDAQ: STAF), a public company executing a global buy-and-build strategy through the acquisition of staffing organizations with operations in the US and UK, today announced the availability of the transcript of its earnings conference call for the fiscal quarter ended August 31, 2015, which was held on October 16, 2015.

During the conference call Brendan Flood, Staffing 360's Executive Chairman and Interim CFO, stated, "With each quarter that we put under our belts, our strategy of building an international staffing firm with revenues in excess of $300 million has been strengthened and, importantly, is being validated."

Mr. Flood added, "A major milestone for every developing company is the point at which it becomes operating cash flow positive… we are very pleased to announce that Staffing 360 achieved positive cash flow from operating activities for the first time this quarter. Needless to say, this is a major event for the Company."

Throughout the conference call Staffing 360 Solutions' management talked about the Company's acquisitions, recent capital raises, its growth strategy, its recent uplisting to NASDAQ, and full detail surrounding the financial results for the fiscal quarter ended August 31, 2015.

Interested parties are encouraged to read the full transcript of the conference call, which is available here:

www.staffing360solutions.com/content/staf_transcript_q12016.pdf

About Staffing 360 Solutions, Inc.

Staffing 360 Solutions, Inc. (NASDAQ: 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 UK. The Company believes the staffing industry offers opportunities for accretive acquisitions that will drive its annual revenues to $300 million. As part of its targeted consolidation model, the Company is pursuing acquisition targets in the finance and accounting, administrative, engineering and IT industries. 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 timing and ability to enter into any additional acquisitions, as well as 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. Specifically, in order for the Company to achieve annualized revenues of $300 million, the Company will need to successfully raise sufficient capital, to consummate additional target acquisitions, successfully integrate any newly acquired companies, organically grow its business, successfully defend current and any potential future litigation, as well as various additional contingencies, many of which are unknown at this time and generally out of the Company's control. The Company can give no assurance that it will be able to achieve these objectives. 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.

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Contact Information

  • Investor Relations Firm:
    PCG Advisory Group
    Stephanie Prince
    Managing Director
    646.762.4518
    Email contact

    Corporate Investor Contact:
    Staffing 360 Solutions, Inc.
    Darren Minton
    Executive Vice President
    212.634.6413
    Email contact

    Financial Contact:
    Staffing 360 Solutions, Inc.
    Wade Pearson
    Senior Vice President of Finance
    212.634.6423
    Email contact