Staffing 360 Solutions to Host Fiscal Second Quarter and Six-Month Financial Results Investor Conference Call

Rhea-AI Summary

Staffing 360 Solutions, Inc. (NASDAQ: STAF) will report its fiscal Q2 and six-month financial results on August 11, 2020. The company is pursuing an international buy-integrate-build strategy, seeking profitable acquisitions in various staffing sectors. A conference call is scheduled for August 12, 2020, at 9:00 AM ET to discuss the financial results and COVID-19 impacts. The company's goal is to drive annual revenues to $500 million through targeted acquisitions, particularly in finance, IT, and engineering staffing sectors.

Positive

• Company aims for annual profitable revenues of $500 million.
• Focus on accretive acquisitions in multiple staffing sectors.
• Scheduled financial results call emphasizes transparency.

Negative

• Future business growth heavily reliant on successful acquisitions.
• Potential risks in the current economic environment may affect performance.

NEW YORK, July 23, 2020 (GLOBE NEWSWIRE) -- Staffing 360 Solutions, Inc. (NASDAQ: STAF), a company executing an international buy-integrate-build strategy through the acquisition of domestic and international staffing organizations in the United States and United Kingdom, today announced it will report its fiscal second quarter and six-month financial results after the market close on Tuesday, August 11, 2020.

The Company will host a conference call on Wednesday, August 12^th at 9:00am Eastern Time to discuss financial results, the COVID-19 environment, and recent positive business developments.

Conference Call
The Participant Dial-In Number for the conference call is 646-828-8143. Participants should dial in to the call at least five minutes before 9:00am ET August 12, 2020. The call can also be accessed "live" online at http://public.viavid.com/index.php?id=140969. A replay of the recorded call will be available for 90 days on the Company's website (http://www.staffing360solutions.com/res.html). You can also listen to a replay of the call by dialing 844-512-2921 (international participants dial 412-317-6671) starting August 12, 2020, at 7:30pm ET through August 19, 2020 at 11:59 pm ET. Please use PIN Number 8769775.

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 annual profitable 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 Statements
This 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 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 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 

FAQ

When will Staffing 360 Solutions report its financial results for Q2 2020?

Staffing 360 Solutions will report its fiscal Q2 2020 financial results on August 11, 2020.

What is the purpose of the August 12, 2020 conference call for STAF?

The conference call on August 12, 2020, at 9:00 AM ET will discuss the financial results and the impact of COVID-19.

What is Staffing 360 Solutions' revenue target?

Staffing 360 Solutions aims to achieve annual revenues of $500 million through its acquisition strategy.

What sectors is Staffing 360 Solutions focusing on for acquisitions?

The company is targeting acquisitions in finance, IT, engineering, and light industrial staffing sectors.