On December 31, 2015, The Staffing Group, Ltd. received notice of the resignation of Brian McLoone as Chief Executive Officer and Director, and Brent Callais as Director. On December 31, 2015, the Board of Directors of the Company appointed Ms. Kimberly Thompson as Interim Chief Executive Officer of the Company. Prior to accepting this position, on December 23, 2015, the Company appointed Ms. Thompson to fill a vacancy on the Company's board of directors, pursuant to the terms of a Securities
Purchase Agreement entered into on December 18, 2015 with Labor Smart Inc. Ms. Thompson also holds the position of Chief Operating Officer for Labor SMART Inc. Additionally, Ms. Thompson is the Manager of Staff Fund I, LLC.