BG Staffing, Inc. Announces Transfer Listing of its Common Stock to the New York Stock Exchange
November 11 2019 - 8:55AM
Business Wire
BG Staffing, Inc. (NYSE American:
BGSF), a growing national provider of professional temporary
staffing services, today announced that it has chosen to transfer
the listing of its common stock from the NYSE American to the New
York Stock Exchange (NYSE).
The Company anticipates that its common stock will begin trading
on the NYSE (under its current ticker symbol BGSF) at the
commencement of trading on November 14, 2019. Until the close of
trading on November 13, 2019, the Company’s common stock will
continue to trade on the NYSE American under the symbol BGSF. Based
on Friday’s closing price of $21.00 and 10,242,114 shares
outstanding, BG Staffing, Inc. has a market capitalization of
approximately $215 million.
Beth A. Garvey, President and CEO, stated, "We look forward to a
continuing partnership with our stockholders as we transition to
the NYSE platform. We believe as we build on our legacy growth
business model, our trading on the NYSE will help us deliver our
success story to a new and broader investment community
audience.”
About BG Staffing, Inc.
Headquartered in Plano, Texas, BG Staffing provides staffing
services to a variety of industries through its various divisions.
BG Staffing is primarily a professional temporary staffing platform
that has integrated several regional and national brands achieving
scalable growth. The Company was ranked by Staffing Industry
Analysts as the 64th largest U.S. staffing company in the 2019
update and the 45th largest IT staffing firm in 2018. The Company’s
disciplined acquisition philosophy, which builds value through both
financial growth and the retention of unique and dedicated talent
within BG Staffing’s portfolio of companies, has resulted in a
seasoned management team with strong tenure and the ability to
offer exceptional service to our field talent and client partners
while building value for investors. For more information on the
Company and its services, please visit its website at www.bgstaffing.com.
Forward-Looking Statements
The forward-looking statements in this press release are made
under the “safe harbor” provisions of the Private Securities
Litigation Reform Act of 1995. The Company’s actual results could
differ materially from those indicated by the forward-looking
statements because of various risks and uncertainties including
those listed in Item 1A of the Company’s Annual Report on Form 10-K
and in the Company’s other filings and reports with the Securities
and Exchange Commission. All of the risks and uncertainties are
beyond the ability of the Company to control, and in many cases,
the Company cannot predict the risks and uncertainties that could
cause its actual results to differ materially from those indicated
by the forward-looking statements. When used in this press release,
the words “believes,” “plans,” “expects,” “will,” “intends,”
“continue,” “outlook,” “progressing,” and “anticipates” and similar
expressions as they relate to the Company or its management are
intended to identify forward-looking statements. Except as required
by law, the Company is not obligated to publicly release any
revisions to these forward-looking statements to reflect the events
or circumstances after the date of this press release or to reflect
the occurrence of unanticipated events.
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version on businesswire.com: https://www.businesswire.com/news/home/20191111005096/en/
Terri MacInnis, VP of Investor Relations Bibicoff + MacInnis,
Inc. 818.379.8500 terri@bibimac.com
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