Staffing 360 Solutions and Its Board of Directors
Post# of 617763
NEW YORK, NY --(Marketwired - March 27, 2017) - Staffing 360 Solutions, Inc. (
"We truly appreciate the support of Jackson Investment Group and the words of confidence in our management team contained in the letter," stated Brendan Flood, Executive Chairman at Staffing 360 Solutions. "However, we believe that the offer significantly undervalues the Company and would not be in the best interest of the Company and its shareholders."
The proposal by Jackson Investment Group was received by the Company on Thursday, March 23, 2017 and delivered to the Board on Friday March 24, 2017.
About Staffing 360 Solutions, Inc.
Staffing 360 Solutions, Inc. (
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Forward-Looking Statements
Certain matters discussed within this press release are forward-looking statements. These statements 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 the expectations reflected in 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, including the goal of achieving annualized revenues of $300 million, due to the Company's ability to successfully raise sufficient capital on reasonable terms or at all, to consummate additional target acquisitions, to successfully integrate any newly acquired companies, to organically grow its business, to successfully defend any potential future litigation, changes in local or national economic conditions, the Company's ability to comply with our contractual covenants, including in respect of its debt, as well as various additional risks, many of which are unknown at this time and generally out of the Company's control, and which are 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. Staffing 360 Solutions does not undertake any duty to update any statements contained herein (including any forward-looking statements), except as required by law.
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Corporate Investor Contact: Staffing 360 Solutions, Inc. Darren Minton Executive Vice President 646.507.5712 Email contact Financial Contact: Staffing 360 Solutions, Inc. David Faiman Chief Financial Officer 646.507.5711 Email contact