Monday, November 13, 2017 4:06:04 PM
https://www.google.com/amp/www.marketwatch.com/amp/story/guid/d2ad0630-f742-47e9-9f9c-8384deb5816f
On September 12, 2016, the Company cancelled the Licensing Agreement with Labor Smart, Inc and, as such, no longer operates under the Labor Smart trademarked name. The Company currently operates under its legal name, The Staffing Group Ltd.
On December 31, 2016, the Company operated five (5) staffing locations in Charlotte, North Carolina, Indianapolis, Indiana, Nashville, Tennessee Raleigh, North Carolina and Montgomery, Alabama. Our Montgomery, Alabama staffing location is operated through our subsidiary, Staff Fund I, LLC. During the year ended December 31, 2016. Staff Fund I, LLC issued membership interests for cash proceeds of $14,000. At December 31, 2016, 7% of Staff Fund I, LLC membership interest are held by non-controlling interests.
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