Staffing 360 Solutions Opens New Office in Shelton, Connecticut, Amid Plans for Greater Growth
July 19 2019 - 8:30AM
Staffing 360 Solutions, Inc. (NASDAQ: STAF) (“the Company”), a
company executing an international buy-integrate-build strategy
through the acquisition of staffing organizations in the United
States and in the United Kingdom, today announced the opening of a
new office in Shelton CT which will be its largest office in the
United States and is expected to grow significantly in employee
numbers over the next two years.
This office houses the Connecticut branch of Lighthouse
Professional Services, the leadership for the Commercial Staffing
business of Monroe Staffing Services and Key Resources and many of
its support service personnel. Additionally, it is the location for
the build-out of an industry-leading Shared Service Center for all
Staffing 360 Solutions’ finance operations in the United
States.
Invited guests include the Honorable Mayor Mark Lauretti, Mayor
of Shelton, Bill Purcell, President, Greater Valley Chamber of
Commerce as well as Brendan Flood, Chairman and Chief Executive
Officer of Staffing 360 Solutions, Inc. The event is scheduled for
August 6th, 2019 at 10am EDT.
Mayor Lauretti stated, “We are proud that Staffing 360 Solutions
has recognized Shelton as a strong business center within Fairfield
County and we look forward to seeing it grow and enjoy what Shelton
has to offer.”
In response, Mr. Flood said, “We would like to thank Mayor
Lauretti and the Greater Valley Chamber of Commerce for joining us
at our opening. We are excited to be in our beautiful new space and
to offer a state-of-the-art office environment to our employees and
contractors. I hope all of our local candidates and clients,
current and future will come and visit us in Shelton.”
GVCC members are cordially invited to attend this event and they
will be joined by Staffing 360 Solutions executives, Alicia Barker
(Chief Operating Officer), David Faiman (Chief Financial Officer)
and Paul Polito (President, Commercial Staffing).
About Staffing 360 Solutions,
Inc.Staffing 360 Solutions, Inc. is engaged in the
execution of an international buy-integrate-build strategy through
the acquisition of domestic and international staffing
organizations in the United States and United Kingdom. The
Company believes that the staffing industry offers opportunities
for accretive acquisitions that will drive profitable annual
revenues to $500 million. As part of its targeted
consolidation model, the Company is pursuing acquisition targets in
the finance and accounting, administrative, engineering, IT, and
Light Industrial staffing space. For more information, please
visit: www.staffing360solutions.com. Follow Staffing 360
Solutions
on Facebook, LinkedIn and Twitter.
Forward-Looking StatementsThis
press release contains forward-looking statements, which may be
identified by words such as "expect," "look forward to,"
"anticipate" "intend," "plan," "believe," "seek," "estimate,"
"will," "project" or words of similar meaning. Although
Staffing 360 Solutions, Inc. believes such forward-looking
statements are based on reasonable assumptions, it can give no
assurance that its expectations will be attained. Actual
results may vary materially from those expressed or implied by the
statements herein, including the goal of achieving profitable
annualized revenues of $500 million, due to the Company’s ability
to successfully raise sufficient capital on reasonable terms or at
all, available cash on hand and contractual and statutory
limitations that could impair our ability to pay future dividends,
our ability to consummate additional acquisitions and successfully
integrate newly acquired companies, to organically grow our
business, to successfully defend potential future litigation,
changes in local or national economic conditions, the ability to
comply with contractual covenants, including in respect of its
debt, as well as various additional risks, many of which are now
unknown and generally out of the Company’s control, and which are
detailed from time to time in reports filed by the Company with the
SEC, including quarterly reports on Form 10-Q, reports on Form 8-K
and annual reports on Form 10-K. Staffing 360 Solutions does
not undertake any duty to update any statements contained herein
(including any forward-looking statements), except as required by
law.
Investor Relations Contact: Harvey Bibicoff,
CEO Bibicoff + MacInnis, Inc.
818.379.8500 harvey@bibimac.com
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