Deepens Offerings in Response to Customer Requirements
NEW YORK, July 14, 2022 (GLOBE NEWSWIRE) -- Staffing 360 Solutions, Inc. (NASDAQ: STAF), a company executing an international buy-integrate-build strategy through the acquisition of staffing organizations in the United States and the United Kingdom, announced today that it has launched Butler, Bridge & May, a new Professional brand and first organic brand launch in the UK.
Butler, Bridge & May was created as a result of Staffing 360’s (S360) response to ongoing client demand for a broader range of services for Professional administrative roles. The new brand will initially focus on the placements of Executive Assistants, Talent Acquisition Managers and Human Resource professionals via contract or permanent engagement.
Partnership with existing S360 UK-based brands CBSbutler, The JM Longbridge Group and Clement May will be a vital cornerstone to the success of the new professional brand. Butler, Bridge & May was named as a nod to each of those successful and well-established S360 brands.
Alicia Barker, Chief Operating Officer of Staffing 360 Solutions, said that “Our overall strategy to accelerate growth came together perfectly with this opportunity to broaden our ability to provide value and address our clients’ human capital needs in multiple areas of their businesses. Butler, Bridge & May is already delivering on that need with several placements under our belt.
“Our newest professional brand delivers on our initiatives to broaden offerings and become a deeper resource for our existing clients and new clients. We are excited to launch some unique sales programs to develop relationships and we are thrilled to have the leadership of a seasoned staffing veteran, Senior VP Allison Drake, at the helm.”
Barker concluded, “We believe that scale and technology are two of the key components required of the future leading human capital providers. Our new professional brand builds on our expanding scale on the heels of the recently announced accretive acquisition of Headway Workforce Solutions.”
Allison Drake, SVP, said, “With energy and enthusiasm, we have hit the ground running to meet our clients’ needs. Our ongoing commitment to appointing women to leadership positions with diversity, equity & inclusion is at the forefront of this brand.
“We anticipate bringing additional internal resources to Butler, Bridge & May, and subsequently expanding our specialized service offerings to recruit other support professionals including marketing managers, compliance specialists and other administrative functions,” said Drake.
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 and as part of its targeted consolidation model, is pursuing acquisition targets in the finance and accounting, administrative, engineering, IT, and light industrial staffing space. For more information, visit http://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. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company's control, and cannot be predicted or quantified; consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, our ability to retain our listing on the Nasdaq Capital Market; market and other conditions; the geographic, social and economic impact of COVID-19 on the Company’s ability to conduct its business and raise capital in the future when needed; weakness in general economic conditions and levels of capital spending by customers in the industries the Company serves; weakness or volatility in the financial and capital markets, which may result in the postponement or cancellation of customer capital projects or the inability of the Company’s customers to pay the Company’s fees; the termination of a major customer contract or project; delays or reductions in U.S. government spending; credit risks associated with the Company’s customers; competitive market pressures; the availability and cost of qualified labor; the Company’s level of success in attracting, training and retaining qualified management personnel and other staff employees; changes in tax laws and other government regulations, including the impact of health care reform laws and regulations; the possibility of incurring liability for the Company’s business activities, including, but not limited to, the activities of the Company’s temporary employees; the Company’s performance on customer contracts; negative outcome of pending and future claims and litigation; government policies, legislation or judicial decisions adverse to the Company’s businesses; the Company’s ability to access the capital markets by pursuing additional debt and equity financing to fund its business plan and expenses on terms acceptable to the Company or at all; and the Company’s ability to comply with its contractual covenants, including in respect of its debt agreements, 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:
Terri MacInnis, VP of IR
Bibicoff + MacInnis, Inc.
(818) 379-8500 x 2
terri@bibimac.com
