Staffing 360 Solutions Announces Above-Market Conversion of $3.3 Million Debt Into Equity

Executive Chairman, Brendan Flood, and CEO, Matt Briand, Among Note Holders Converting Principal and Interest Into Equity at $1.00 per Share NEW YORK, NY (Marketwired Dec 22, 2014) Staffing 360 Solutions, Inc. (OTCQB: STAF), a public company executing a global buy-and-build strategy through the acquisition of domestic and international staffing organizations with operations in the US and Europe, today announced that as part of its Pathway to Profitability, the Company has converted or agreed to convert approximately $3.3 million of the principal and interest of certain promissory notes issued in connection with the acquisition of Initio International Holdings, Inc. into shares of common stock at $1.00 per share, plus warrants. A total of eleven (11) note holders, including the Company s Executive Chairman, Brendan Flood, and CEO, Matt Briand, participated in this conversion. This debt into equity conversion will reduce Staffing 360 Solutions leverage ratio, as well as monthly interes
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