The Staffing Group demonstrates significant revenue growth
"When we decided that EmployUS would be the first acquisition for The Staffing Group, it was because of its existing revenue stream and proven track record," said Brian McLoone, CEO of The Staffing Group, Ltd. "EmployUS had already experienced growth prior to the acquisition and continues to increase its revenue significantly enabling The Staffing Group to enter the marketplace in a better than anticipated position, and is an encouraging start to the year."
During 2013, The Staffing Group's subsidiary, EmployUS expanded its operations by three new office locations. With a direct comparison year over year, the company increased its revenues by nearly $1M (Revenues for January 1- March 1, 2013: were $1,334,129 compared to January 1-March 1, 2014, which were $2,350,678). The three additional locations earned The Staffing Group more than $1.12M in additional revenues during the first two months of 2014.
"The Staffing Group is dedicated to ensuring that it continues to demonstrate shareholder value through strategic acquisitions of revenue-generating targets," continued Mr. McLoone. "EmployUS has demonstrated successful execution of that strategy, and we look forward to continuing to deliver on that promise."