Staffing 360 Solutions’ UK Division Announces New CEO for Longbridge Recruitment 360

Staffing 360 Solutions’ UK Division Announces New CEO for Longbridge Recruitment 360


Staffing 360 Solutions

Seasoned Recruitment Executive and Former Director at Oliver James to Drive New Business as Part of Longbridge’s Growth Strategy

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New York, NY – December 14, 2016 – Staffing 360 Solutions, Inc. (“Company”) (Nasdaq: STAF), a public company executing a global buy-and-build strategy through the acquisition of staffing organizations in the US and the UK, today announced that seasoned recruitment industry veteran, Richard Pickard, has been appointed Chief Executive Officer of the Company’s Longbridge Recruitment 360 division.

“With decades of experience and a strong record of building highly motivated recruitment teams, Richard brings considerable staffing industry expertise to Longbridge and is a major asset for our organization,” stated Matt Briand, President and CEO of Staffing 360 Solutions, the parent company to Longbridge. “We believe that his skillset and broad relationships will help expand our Longbridge business and further accelerate the growth we have seen in the United Kingdom.”

Comprising over 25 years of experience at both private and public companies, Mr. Pickard brings a high degree of knowledge, team building skills and sales expertise in the staffing industry. Prior to joining Longbridge, Mr. Pickard was Director of Financial Services at Oliver James Associates, a global specialist recruitment company, where he launched the company’s start-up Financial Services division and helped the firm win the “Best Banking and Financial Recruitment Agency” award by Recruiter magazine in 2012 and 2014. Over his career path in the staffing industry, Mr. Pickard has specialized in numerous market verticals and has been responsible for major accounts at global top tier investment banks and FTSE 100 financial services institutions.

“I am anxious to build upon the strong foundation that has been established over the years and take Longbridge to the next level,” said Richard Pickard, the new CEO at Longbridge Recruitment 360. “Longbridge is fortunate to have smart, energetic employees and strong, loyal customers. I expect this new chapter of the company’s 25‐year history will be a continuation of exceptional customer service and I look forward to working with Matt and leveraging the support that Staffing 360 Solutions provides as our Nasdaq-listed parent, to fully execute on Longbridge’s growth in 2017 and beyond.”

Prior to Oliver James, Mr. Pickard was an Associate Director at Robert Walters PLC, a specialist professional recruitment consultancy that is publicly listed on the London Stock Exchange, where he was managing and developing teams of 20 staff members to deliver contract qualified accountancy and senior level finance solutions. Mr. Pickard also worked at Witan Jardine (acquired by Australian-based Ambition Group) from 2002 to 2010, where he served as Associate Director of Financial Services. During this time, he designed and implemented various client retention and cross-selling initiatives, helping fuel the growth of the organization in the United Kingdom.

About Longbridge Recruitment 360
Based in London and established in 1989, Longbridge Recruitment 360 offers niche recruitment services within the areas of finance, accounting, law, sales, marketing and technology. Longbridge utilizes a combination of technology and market insights to access passive and inactive talent pools across its network of permanent, contract and interim candidates. With over 25 years of heritage and history, Longbridge has continued to grow as a specialist recruitment business that operates with speed and open communication to deliver mutual success to clients and candidates alike. For more information, please visit: www.longbridge.com.

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 in the US and the 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.

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Forward-Looking Statements
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 and expand our business, as well as the size of future revenue or trading volume or future access to capital markets. 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 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, our ability to access the capital markets on terms acceptable to us, or at all, our ability to comply with our contractual covenants, including in respect of our debt 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.

Corporate Investor Contact:
Staffing 360 Solutions, Inc.
Darren Minton, Executive Vice President

Financial Contact:
Staffing 360 Solutions, Inc.
David Faiman, Chief Financial Officer