Its a great company,50 million in sales right now
Post# of 18851
Its a great company,50 million in sales right now 1x sales = a 7 dollar stock. outstanding is 7.6 million, float is 1.6 million
NEWS OUT TODAY!:
Staffing 360 Solutions Completes $1.05 Million Private Placement
Staffing 360 Solutions, Inc. (OTCQB: STAF), an emerging growth public company
engaged in the provision of international staffing services in IT, financial,
accounting, healthcare and cyber security industries, today announced the
closing of a private placement for total gross proceeds of $1,050,000 to certain
accredited investors.
"We are pleased to raise over $1 million to support Staffing 360's consolidation
strategy," stated Peter J. Goldstein, Chairman of Staffing 360 Solutions. "As
previously announced, we are implementing initiatives in Cyber Security, an
industry that is becoming a critical focus for protecting our nation's fragile
digital framework. This financing provides us with the necessary capital to
complete the acquisition of our first Cyber Security target, The Revolution
Group, which is anticipated to close within the next 10 business days, if all
closing conditions are met."
Allan Hartley, CEO of Staffing 360 Solutions, added, "We view this as a
threshold event. Once the first acquisition has been completed, we intend to
continue to execute our rollup initiatives by acquiring and integrating
additional acquisition targets in the staffing industry."
As part of Staffing 360 Solutions' growth strategy, its management team has been
engaged in the development of a comprehensive program to create a pipeline of
prospective acquisitions, including The Revolution Group, Ltd., which is
expected to become part of the Company's newly formed Cyber 360 Solutions
division at closing.
In connection with the private placement, Staffing 360 Solutions issued units
consisting of the Company's common stock and warrants to certain accredited
investors. The private placement was in reliance upon exemptions from
registration pursuant to the provisions of Section 4(a)(2), Rule 506 of
Regulation D.
This communication shall not constitute an offer to sell or a solicitation of an
offer to buy, nor shall there be any sale of any securities in any state or
jurisdiction in which such offer, solicitation or sale would be unlawful.
About Staffing 360 Solutions, Inc.
Staffing 360 Solutions, Inc. is an emerging public company in the international
staffing sector that intends to acquire high-growth domestic and international
staffing agencies. As part of its targeted consolidation model, Staffing 360
Solutions is pursuing broad spectrum staffing companies in the IT, financial,
accounting, healthcare and cyber security 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 a minimum of $250 million. For more information, please visit:
http://www.staffing360solutions.com