Atlantic International Corp. (NASDAQ: ATLN)

Atlantic International Corp is a leading provider of strategic staffing and workforce solutions. Through its subsidiary Lyneer Staffing Solutions the company provides staffing services across food production manufacturing and logistics sectors throughout the United States. Through its subsidiary Circle8 Group the company delivers specialized IT and technology staffing solutions across Europe.

The company generates revenue primarily from placement fees charged for temporary contract and permanent staffing assignments. Revenue is earned through hourly or daily bill rates for workers placed on client projects and through payroll services where the company acts as the legal employer. Additional income comes from permanent placement fees calculated as a percentage of the employee’s annual compensation and from consulting enablement and managed workforce programs.

The company operates through the following segments:

• Lyneer Staffing Solutions provides national staffing services in accounting finance administrative clerical hospitality IT legal light industrial and medical fields offering temporary permanent and temp to perm placement payroll vendor management and managed service solutions.

• Circle8 Group delivers specialized IT and technology staffing across Europe focusing on software development data analytics cybersecurity project management and emerging technologies providing temporary contract payroll permanent placement consulting and managed workforce solutions.

Atlantic International Corp holds a competitive position in the fragmented staffing industry facing large global players such as The Adecco Group and Randstad as well as regional specialists like Allegis Group Kelly Services Manpower Robert Half Kforce PageGroup Korn Ferry International and Alexander Mann. In the European IT staffing space Circle8 competes with firms such as Robert Walters SThree HeadFirst Group PRO Unlimited and K2 Partnering Solutions. The company’s advantages include an experienced management team integrated service offerings deep expertise across multiple verticals a results driven approach and a blue chip client base.

The company serves a diverse customer base that includes small and medium sized businesses as well as large national and multinational corporations. Lyneer’s clients operate in food production manufacturing logistics and related industries while Circle8’s customers span financial services technology telecommunications government and public sector healthcare life sciences energy and infrastructure and consumer and industrial sectors.