The Staffing Group, Ltd. 2nd Quarter 2016 Revenue to Exceed $1.5
Million
Company Seeks to Close Next Acquisition
Atlanta, GA -- July 12, 2016 -- InvestorsHub
NewsWire -- via NZINET CORP -- The Staffing Group, Ltd.
(OTC PINK: TSGL) (the "Company"), an emerging public
company specializing in leveraged buyout transactions and
restructurings with a focus on verticals within the 115 billion
dollar U.S. staffing industry, is pleased to pre-announce that 2nd
Quarter 2016 revenues are expected to exceed the Company's forecast
of $1.5 million.
During the quarter the Company successfully executed its first
acquisition since a change in leadership at the end of 2015.
Milestones in the 2nd Quarter 2016 include successful integration
with The Staffing Group's software and launch of the Company's CRM
platform to the acquired businesses.
The Company has a growing pipeline of acquisition targets and
expects to announce its 2nd acquisition during the 3rd quarter
2016.
Kimberly Thompson, CEO of The Staffing Group, Ltd., commented,
"We are off to a great start toward our goal of reaching $75
million in annual revenues within the next 3 years. After
completing a complex software changeover, we are now focused on
executing our next acquisition."
About The Staffing Group, Ltd.
The Staffing Group, Ltd. is executing an aggressive buy-and-build
strategy through the acquisition and integration of small to medium
sized staffing businesses with focus on the light industrial,
engineering, manufacturing and construction staffing space. The
Company believes the light industrial staffing segment is ripe for
consolidation and will seek accretive acquisitions that will drive
annual revenues to $75 million within the next 3 years.
Safe Harbor Statement
This release contains statements that constitute forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. These statements appear in a number of places
in this release and include all statements that are not statements
of historical fact regarding the intent, belief or current
expectations of The Staffing Group, Ltd.., its directors or its
officers with respect to, among other things: (i) financing plans;
(ii) trends affecting its financial condition or results of
operations; (iii) growth strategy and operating strategy. The words
"may", "would", "will", "expect", "estimate", "can", "believe",
"potential", and similar expressions and variations thereof are
intended to identify forward-looking statements. Investors are
cautioned that any such forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties, many of which are beyond The Staffing Group, Ltd.'s
ability to control, and that actual results may differ materially
from those projected in the forward-looking statements as a result
of various factors. More information about the potential factors
that could affect the business and financial results is and will be
included in The Staffing Group, Ltd.'s filings with the U.S.
Securities and Exchange Commission.
Contact Information
Contact Information:
The Staffing Group, Ltd.
Investor Relations
678-881-0834
ir@staffinggroupltd.com