PLANO, Texas – August 7, 2014 – BG Staffing, Inc. (OTCBB: BGSF), a national temporary staffing firm, announced that it has initiated an investor outreach program and retained Bibicoff + MacInnis, Inc. to initiate and execute an active IR program.
As a private company, BGSF had grown from:
• $50 million in revenue in 2011,
• to $76 million in 2012, and
• $151 million in 2013 -- through both organic growth and several accretive acquisitions.
The Company has a proven management team and a well-developed growth plan which is working.
Unique Investment Opportunity
BG Staffing completed the process to become a public company earlier this year -- not in the typical way of an IPO -- but by filing the appropriate documents with the SEC through the JOBS Act. Without the traditional IPO exposure to the financial community, this process has created an investment opportunity.
Part of BG Staffing’s growth plan to address the $125 billion US staffing market includes:
• Appropriate accretive acquisitions,
• Developing an active market for its stock by initiating this active long-term IR program, and
• Up-listing to a National Exchange as soon as it is appropriate.
“We have been retained to initiate and execute a program to inform the investment community about BG Staffing’s growth, to help develop its market and guide the up-listing process,” stated Harvey Bibicoff, CEO of Bibicoff + MacInnis, Inc. “The success of the Company’s business model speaks for itself. We believe that as BG’s investment story becomes better known to the Street, the stock will reflect its true value.”
L. Allen Baker, Jr., CEO, BG Staffing, Inc. said, “This is the right time to shine a bright light on our business, our growth and the significant market opportunity in front of us.”
About BG Staffing, Inc.
Headquartered in Plano, Texas, BG Staffing provides staffing services to a variety of industries through its information technology, light industrial and multi-family divisions. BG Staffing is a temporary staffing platform that has integrated several regional and national brands and is set to achieve scalable growth. The Company’s acquisition philosophy is one that not only brings financial growth, but unique and dedicated talent within the companies. This has led to a strong management team, with tenure and a desire to offer exceptional service to candidates, customers and investors. Please visit http://www.bgstaffing.com/ for more information.
Forward-Looking Statements
The forward looking statements in this press release are made under the “safe harbor” provisions of the Securities Litigation Act of 1995. The Company’s actual results could differ materially from those indicated by the forward-looking statements because of various risks and uncertainties including those listed in Item 1A of the Company’s Annual Report on Form 10-K and in the Company’s other filings and reports with the Securities and Exchange Commission. All of the risks and uncertainties are beyond the ability of the Company to control, and in many cases, the Company cannot predict the risks and uncertainties that could cause its actual results to differ materially from those indicated by the forward-looking statements. When used in this press release, the words “believes,” “plans,” “expects,” “will,” “intends,” and “anticipates” and similar expressions as they relate to the Company or its management are intended to identify forward-looking statements.
CONTACT:
Terri MacInnis, VP of Investor Relations
Bibicoff + MacInnis, Inc.
818.379.8500 terri@bibimac.com