BG Staffing, Inc. Announces Corporate Name Change to BGSF, Inc. to Reflect Broader Workforce Solutions Strategy
January 26 2021 - 12:30PM
Business Wire
BG Staffing, Inc. (NYSE: BGSF), a growing national provider of
workforce solutions, today announced that it is changing its
corporate name to BGSF, Inc. The name change reflects the company's
diverse workforce solutions platform and its expertise in driving
the innovations needed to provide contingent solutions in IT,
Cyber, Finance & Accounting, Creative, Real Estate, and Light
Industrial.
"Our new name, BGSF, allows us to emphasize our wide-ranging
business objective to elevate the way contingent talent is managed
as a workforce solution," said Beth A. Garvey, President and CEO.
"The name will enhance our marketability and allow better access to
the right group of executives within our current client partners
and prospective customers, to provide people with jobs, and clients
with talent.”
The new name is effective as of February 8, 2021 and will be
implemented across the company's product and services throughout
the calendar year 2021.
The Company’s common stock will continue to trade under the
ticker “BGSF” on the New York Stock Exchange. Upon the
effectiveness of the name change, the CUSIP number for the
Company’s common stock will be changed to 05601C105.
About BGSF
Headquartered in Plano, Texas, BGSF provides workforce solutions
to a variety of industries through its various divisions in IT,
Cyber, Finance & Accounting, Creative, Real Estate (apartment
communities and commercial buildings), and Light Industrial. BGSF
has integrated several regional and national brands achieving
scalable growth. The Company was ranked by Staffing Industry
Analysts as the 70th largest U.S. staffing company and the 50th
largest IT staffing firm in the 2020 updates . The Company’s
disciplined acquisition philosophy, which builds value through both
financial growth and the retention of unique and dedicated talent
within BGSF’s family 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.bgsf.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. Forward-looking statements may
include, but are not limited to, statements regarding our future
financial performance and the expectations and objectives of our
board or management. 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 “allows,” “believes,” “plans,” “expects,” “estimates,”
“should,” “would,” “may,” “might,” “forward,” “will,” “intends,”
“continue,” “outlook,” “temporarily,” “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/20210126005269/en/
Hala Elsherbini or Steven Hooser Three Part Advisors ir@bgsf.com
214.442.0016
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