The Staffing Group Ltd. today announced that, effective Jan. 13, it has entered into a share exchange agreement with staffing company EmployUS Ltd., with which it had previously executed a letter of intent. Pursuant to the share exchange agreement, EmployUS will exchange all of its shares of common stock for shares of the Staffing Group’s common stock. Upon closing of the transaction, EmployUS will become a wholly owned subsidiary of the Staffing Group.
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