SOURCE: Staffing 360 Solutions

Staffing 360 Solutions

October 10, 2013 08:31 ET

Staffing 360 Solutions Signs New Multi-Million Dollar Agreements With Two of the Largest National Healthcare Companies in the US

Agreements for IT Related Staffing Services Expected to Contribute Several Million Dollars to Revenue Through the Company's New Cyber 360 Solutions Division

NEW YORK, NY--(Marketwired - Oct 10, 2013) - Staffing 360 Solutions, Inc. (OTCQB: STAF), an emerging growth public company engaged in the provision of international staffing services in IT, financial, accounting, healthcare and cyber security industries, announced today that it has signed new multi-million dollar agreements with two of the largest national healthcare companies in the United States.

Staffing 360 Solutions' master service agreements with these two tier-1 healthcare companies are for IT related staffing services and cyber consulting expertise. Each of the agreements are expected to contribute over $1 million to top line revenue on an annual basis through the Company's new Cyber 360 Solutions division. Cyber 360 Solutions was formed from Staffing 360 Solutions' acquisition of The Revolution Group in April 2013.

"These agreements are a major win for Staffing 360 Solutions," stated Allan Hartley, Chief Executive Officer of Staffing 360 Solutions. "Expanding our business with some of the largest healthcare companies in America is a testament to Staffing 360's strategic plans and demonstrates our ability to deliver revenue growth. Mark Aiello, who leads the Cyber 360 Solutions division that generated these deals, has done a superb job during our acquisition and is a fantastic addition to our team."

The Cyber 360 Solutions division specializes in the deployment of highly trained personnel for the Cyber Security industry with a focus on Cyber Consulting and Cyber Terrorism. With headquarters in Boston's high-tech corridor, the division is one of the few Cyber Security consulting firms in the United States solely dedicated to identifying some of the top Cyber Security professionals available for consulting assignments. The division has won numerous accolades, including a Diversity Supplier Award, and Fastest Growing IT firm in the United States.

"We are thrilled to have successfully entered into these sizable agreements in such short order," stated Mark Aiello, President of the Company's Cyber 360 Solutions division. "As we continue to realize synergies with our new Staffing 360 team, our strategic plan is to continue to expand business through both organic growth and additional acquisitions that enhance our capabilities and broaden our offerings. We are pleased to announce that our website and new Cyber 360 Solutions branding initiatives are complete. We believe our customers couldn't be happier with our new image and the enhanced resources that the Staffing 360 Solutions team brings to our business. We look forward to relaying additional news and major contracts as they are awarded."

To view the new Cyber 360 Solutions website and branding initiatives, please visit: www.cyber360solutions.com

Staffing 360 Solutions has been engaged in the development of a comprehensive program to create a robust pipeline of prospective acquisitions to complement its Cyber 360 Solutions division. The Company believes that a consolidation strategy is ideally suited for the highly fragmented temporary staffing industry, with an estimated 15,000 staffing companies generating less than $20 million in revenues in the United States alone.

About Staffing 360 Solutions, Inc.

Staffing 360 Solutions, Inc. (OTCQB: STAF) is an emerging growth public company in the global staffing sector engaged in the acquisition of 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 Cyber Security 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

Forward-Looking Statements

Certain matters discussed within this press release are forward-looking statements including, but not limited to, obtaining any revenue from the 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:

    A.J. Cervantes
    President
    Staffing 360 Solutions, Inc.
    212.634.6410
    Email Contact

    Financial Communications:

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