Management Provides Commentary on the Fiscal Q2 Financial Results and Discusses the Company's Recent Milestones and NASDAQ Listing
NEW YORK, NY--(Marketwired - January 29, 2016) - Staffing 360 Solutions, Inc. (NASDAQ: STAF), a public company executing a global buy-and-build strategy through the acquisition of staffing organizations with operations in the US and UK, today announced the availability of the transcript of its earnings conference call for the fiscal quarter ended November 30, 2015, which was held on January 15, 2016.
During the conference call Brendan Flood, Staffing 360's Executive Chairman and Interim CFO, stated, "As an organization, we are consistent in our description of what we do and where we are going. Our strategy is to build a $300 million revenue business in the staffing sector, and to optimize returns that we can develop for our shareholders."
Mr. Flood added, "During the course of our second quarter ended November 30, 2015, we delivered on record levels of revenue, record levels of gross profit, the highest adjusted EBITDA number that we have ever generated, uplisted to the NASDAQ Capital Market, and continued our M&A program with the acquisition of the JM Group in the United Kingdom. Now, that's quite a lot to fit into a 13-week period that also includes the Thanksgiving holiday."
Throughout the conference call Staffing 360 Solutions' management talked about the Company's growth strategy and full detail surrounding the financial results for the fiscal quarter ended November 30, 2015.
Interested parties are encouraged to read the complete transcript of the conference call, which is available here:
About Staffing 360 Solutions, Inc.
Staffing 360 Solutions, Inc. (NASDAQ: STAF) is a public company in the staffing sector engaged in the execution of a global buy-and-build strategy through the acquisition of domestic and international staffing organizations with operations in the US and UK. The Company believes the staffing industry offers opportunities for accretive acquisitions that will drive its annual revenues to $300 million. As part of its targeted consolidation model, the Company is pursuing acquisition targets in the finance and accounting, administrative, engineering and IT staffing space. For more information, please visit: www.staffing360solutions.com.
Certain matters discussed within this press release are forward-looking statements including, but not limited to the timing and ability to enter into any additional acquisitions, as well as 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. Specifically, in order for the Company to achieve annualized revenues of $300 million, the Company will need to successfully raise sufficient capital, to consummate additional target acquisitions, successfully integrate any newly acquired companies, organically grow its business, successfully defend current and any potential future litigation, as well as various additional contingencies, many of which are unknown at this time and generally out of the Company's control. The Company can give no assurance that it will be able to achieve these objectives. 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.