BRIEF-Atlantic International And Staffing 360 Solutions Enter Into Definitive Merger Agreement

Reuters11-04

Nov 4 (Reuters) - Atlantic International Corp :

* ATLANTIC INTERNATIONAL CORP. AND STAFFING 360 SOLUTIONS, INC. ENTER INTO DEFINITIVE MERGER AGREEMENT TO ESTABLISH LEADING HUMAN CAPITAL MANAGEMENT, OUTSOURCED SERVICES AND WORKFORCE SOLUTIONS COMPANY

* ATLANTIC INTERNATIONAL CORP - COMBINED ANNUAL REVENUE EXPECTED TO BE APPROXIMATELY $620 MILLION

* ATLANTIC INTERNATIONAL CORP - JEFFREY JAGID TO REMAIN CEO OF COMBINED COMPANY

* ATLANTIC INTERNATIONAL CORP - TO ACQUIRE STAFFING 360 SOLUTIONS FOR $25 MILLION

* ATLANTIC INTERNATIONAL CORP - SHAREHOLDERS TO OWN 90% OF COMBINED COMPANY

Source text: Further company coverage:

(Reuters.Briefs@thomsonreuters.com)

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