Staffing 360 Solutions Completes $4 Million Convertible Bond Offering

NEW YORK, NY--(Marketwired - Aug 7, 2014) - Staffing 360 Solutions, Inc. (OTCQB: STAF), a public company executing a global consolidation strategy through the acquisition of domestic and international staffing organizations with operations in the US and Europe, today announced the completion of a private offering of Series A 12% Convertible Bonds with total gross proceeds of $4,058,500 to approximately 70 accredited investors.

"The placement of Series A bonds represents a major milestone in our capital raising goals," stated A.J. Cervantes, Vice Chairman and President of Staffing 360 Solutions. "This financing further supports Staffing 360's proactive consolidation strategy and is a significant growth driver. The principal allocation of the proceeds provided the necessary funds to close our most recent acquisition of PeopleSERVE, which places us comfortably beyond our previously announced threshold of $100 million in revenues on an annualized basis."

The capital raise was completed in conjunction with Accelerated Capital Group, Inc., an Irvine, California-based broker-dealer, who acted as placement agent for the offering to clients of Gentry Wealth Management, LLC, a Financial Services Firm with its principal offices in Scottsdale, AZ.

"Continuing our relationship with Staffing 360 through our recent investment of $4 million provides another strong alternative investment opportunity for our clients," said Christopher Bowman, Founder of Gentry Wealth Management. "We believe strongly in Staffing 360 Solutions' management team and their proactive consolidation model as they execute on their publicly stated objective of achieving $300 million in annual revenues in the next 24 months."

The Company's sizable growth to-date has been achieved by completing five acquisitions over the past year, including companies with operations in the United States and Europe. Management believes its resulting consolidated revenues place Staffing 360 Solutions in the top 30 public staffing companies in the United States.

The Series A 12% Convertible Bond Offering included equity consideration consisting of the Company's common stock to certain accredited investors. The private placement was conducted in reliance upon exemptions from registration pursuant to the provisions of Section 4(a)(2), Rule 506 of Regulation D.

About Staffing 360 Solutions, Inc.

Staffing 360 Solutions, Inc. (OTCQB: STAF) is a public company in the staffing sector engaged in the execution of a global consolidation strategy through the acquisition of domestic and international staffing organizations with operations in the US and Europe. As part of its targeted consolidation model, Staffing 360 Solutions is pursuing broad spectrum staffing companies in the finance and accounting, administrative, engineering, IT and cybersecurity 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 $300 million. 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, new agreements, the ability to enter into any additional acquisitions, or 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. 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.