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Staffing 360 trades on Nasdaq starting Tuesday

September 28, 2015

Staffing 360 Solutions Inc. (OTCBB: STAF) received approval to list the company’s common stock on the Nasdaq Capital Market, effective tomorrow. Securities will trade under the stock symbol STAF.

Staffing 360 in August announced plans to uplist to a national exchange as soon as it meets all listing requirements. The firm recently undertook a 1-for-10 reverse stock split as part of its uplisting process to the NASDAQ Capital Market.

“Uplisting represents a historic day for our company," said Executive Chairman Brendan Flood. “Nasdaq opens the doors to numerous opportunities for growth and it will play an important role in our efforts to enhance the value of Staffing 360 Solutions moving forward. We are better positioned to advance our stated mission of reaching $300 million in revenue as we build a major international staffing company through organic growth and accretive acquisitions.”

“As we become a Nasdaq-listed company, our ability to communicate our progress with a broader audience, raise the visibility of our M&A strategy, and generate more value for our shareholders will improve dramatically,” said Executive VP Darren Minton.

Staffing 360’s sales rose to $128.8 million in its full fiscal year 2015 ended May 31, up from $41.2 million in fiscal year 2014. The firm’s stated goal is $300 million in revenue, fueled by M&A transactions.