Staffing 360 Solutions Expands Its Use of Artificial Intelligence
February 07 2023 - 10:21AM
GlobeNewswire Inc.
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 the extension of its Artificial
Intelligence capability with ActivateStaff.
Headway Workforce Solutions leads the human
capital industry in its use of technology-based solutions in
meeting candidate expectations across all fifty states from a
single location in Raleigh, North Carolina. Headway joined the
Staffing 360 Solutions group in May 2022 and the integration is
almost complete. With ActivateStaff the group is now poised to
replicate these developments across all of its US-based brands.
Brendan Flood, CEO and President of Staffing 360 Solutions,
said, “The staffing industry has seen huge changes during the
pandemic, especially in communication with candidates and in
meeting the new demands that candidates have in how they interact
with agencies and clients. Headway has been ahead of this curve for
several years and has allowed us the opportunity to compete in
markets centred around flexibility and transparency through the use
of artificial intelligence.”
Rohan Jacob, Founder and CEO of ActivateStaff, said,
“ActivateStaff was formed in 2016 to transform the way people find
work using technology. This collaboration with Staffing 360
Solutions is a recognition that the market is changing and that
progressive agencies are implementing these changes.”
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.
About ActivateStaffActivateStaff was founded in
2016 following mass layoffs in the Canadian retail market. It
collaborates with staffing agencies in the US and Canada to secure
employment for thousands of people. ActivateStaff has created a
mobile-first staffing platform to serve the staffing industry.
ActivateStaff is about bringing freedom and flexibility to the
world of work and empowering people to build better businesses and
lifestyles.
Forward-Looking StatementsThis
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:Matt
BlazeiCoreIR(516) 386-0430mattb@coreir.com
Staffing 360 Solutions (NASDAQ:STAF)
Historical Stock Chart
From Aug 2023 to Sep 2023
Staffing 360 Solutions (NASDAQ:STAF)
Historical Stock Chart
From Sep 2022 to Sep 2023