The Staffing Group, Ltd. (OTC PINK: TSGL), 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, today reported preliminary results for the full year ended December 31, 2016.

For fiscal year 2016, the company expects to report revenue of approximately $4.2 million and a gross profit of $1.36 million, representing a 32% gross profit margin.

"Our business performed extremely well in 2016. While we are actively seeking acquisition opportunities, we also expect to drive revenue growth organically through locations we currently operate and by opening additional locations throughout fiscal 2017," stated Kim Thompson, the Company's Chief Executive Officer. "I am excited about our growth prospects for 2017 and look forward to sharing our annual goals with shareholders in future communications."

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.