SOURCE: Staffing 360 Solutions

Staffing 360 Solutions

April 07, 2014 16:01 ET

Staffing 360 Solutions' UK Division Moves to New Corporate Offices in London

Previously Announced Poolia UK Acquisition and Staffing 360's Existing UK Operations Combine Forces Under the New Longbridge 360 Brand

NEW YORK, NY--(Marketwired - Apr 7, 2014) - Staffing 360 Solutions, Inc. (OTCQB: STAF), a public company engaged in the provision of international staffing services in IT, financial, accounting, healthcare, and cybersecurity industries, today announced that the Company's UK division completed its move to new and improved corporate offices in the city of London, with space to accommodate approximately 42 employees. The move was completed over the weekend and the first official day for staff at the new office is today, Monday, April 7, 2014.

The move to new office space in London was completed as part of the consolidation process of the Company's previously announced acquisition of Poolia UK Ltd., a former UK subsidiary of Poolia AB, a publicly listed company on NASDAQ OMX Stockholm. The Company's existing Longbridge Recruitment operations has now combined forces with Poolia UK, and will be rebranded as Longbridge 360.

"Our new space in London makes it one of the largest divisional offices in the entire company," stated Brendan Flood, Executive Chairman of Staffing 360 Solutions. "The office is extremely modern and will accommodate over 40 staff members. The move minimizes the cost of maintaining two separate offices, allows space for our UK operations to grow, and the central location in London allows us to compete for highly qualified employees."

Darren Carroll, CEO of the Company's Longbridge 360 division, stated, "In addition to bringing the Longbridge and Poolia UK teams together in one location, we have completed the preliminary stages of uniting our websites and digital brands as well. We estimate that by consolidating operations under the Longbridge 360 brand, we will realize substantial cost savings and grow our combined entity with healthy margins in 2014."

Staffing 360 Solutions' existing UK operations were part of the Company's acquisition on January 3, 2014 of Initio International Holdings Limited (now Staffing 360 Solutions Limited) and related subsidiaries, which included the Longbridge Recruitment division. Longbridge was established in 1989 in London, and is an international multi-sector recruitment company, with a long history of success catering to the sales & marketing, technology, legal and IT solutions sectors. As part of the rebranding effort, both Darren Carroll, Longbridge 360's CEO, and Tim Hedger, Longbridge 360's new Managing Director, will report directly to Matt Briand, Chief Executive Officer of Staffing 360 Solutions.

"We have been operating in the London market for over 20 years," stated Tim Hedger, former Managing Director of Poolia UK and new Managing Director of Longbridge 360. "As we continue to grow under our collective new branding, my mission is to leverage our historical expertise in finance and accountancy as part of our combined operations in London. Our emerging team looks forward to growing Longbridge 360 -- and by extension, Staffing 360 Solutions -- into a formidable international staffing company."

Staffing 360 Solutions believes that a consolidation strategy is ideally suited for the highly fragmented temporary staffing industry. The management team has been engaged in the development of a comprehensive program to create a robust pipeline of prospective acquisitions, with a longer term objective of driving annual revenues to $300 million.

About Staffing 360 Solutions, Inc.

Staffing 360 Solutions, Inc. (OTCQB: STAF) is a 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 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:

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
    Email Contact

    Financial Communications:

    Trilogy Capital Partners, Inc.
    Darren Minton
    Email Contact