Staffing 360 Solutions Inc. (OTC: STAF), an international staffing organization focused on executing a global buy-and-build strategy with operations in the U.S. and Europe, recently announced the release of its earnings conference call transcript for the fiscal year ended May 31, 2014. On the call, management provided an overview of its five acquisitions that have brought annualized revenue to more than $120 million.
Investors in the staffing industry, including On Assignment Inc. (NYSE: ASGN), Robert Half International Inc. (NYSE: RHI), or Corporate Resource Services, Inc. (NASDAQ: CRRS) may want to take a closer look at Staffing 360 Solutions. With a proven strategy to grow through strategic acquisitions in niche subsets of the staffing industry, management is well on its way to building a global staffing organization that could rival some of the larger companies.
Read the entire press release discussing the transcript and call here:
Staffing 360 Solutions, Inc. (OTCQB: STAF), a public company executing a global buy-and-build strategy through the acquisition of domestic and international staffing organizations with operations in the US and Europe, today announced the availability of the transcript of its earnings conference call for the fiscal year ended May 31, 2014, which was held on September 16, 2014.
During the conference call Brendan Flood, Staffing 360’s Executive Chairman, stated, “Fiscal 2014 has been a very exciting time for Staffing 360 Solutions. We have consummated four more acquisitions, bringing our total to five… Overall, this has brought our annualized revenue from $5 million at the end of fiscal 2013 to more than $120 million now.”
Mr. Flood continued, “Our overall mission is to continue to acquire larger and increasingly more attractive companies with strong margins as we drive for profitability in 2015 and beyond. We also aim to uplist our stock to a senior exchange as soon as we meet all of the listing requirements, which would be a major benefit to our loyal shareholders and prospective investors alike.”
Throughout the conference call Staffing 360 Solutions’ management talked about the Company’s five acquisitions, its M&A pipeline, the team’s “Pathway to Profitability,” and full detail surrounding the financial results for the fiscal year ended May 31, 2014.
Interested parties are encouraged to read the full transcript of the conference call, which is available here:
About Staffing 360 Solutions, Inc.
Staffing 360 Solutions, Inc. (OTCQB: STAF) is a public company in the staffing sector engaged in the execution of a global consolidation strategy through the acquisition of domestic and international staffing organizations with operations in the US and Europe. As part of its targeted consolidation model, Staffing 360 Solutions is pursuing broad spectrum staffing companies in the finance and accounting, administrative, engineering, IT 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: www.staffing360solutions.com
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.