ROTH Capital Partners Acts as Sole Book-Running Manager for General Employment Enterprises, Inc. (JOB)
in its $8.7 Million Follow-On

   

For more information please contact:

Investment Banking
David Farina, CFA
Managing Director
Investment Banking
(312) 564-8103
dfarina@roth.com

Kamal Masud, CFA
Vice President
Investment Banking
(949) 720-7102
kmasud@roth.com

Equity Capital Markets
Aaron Gurewitz
Head of Equity Capital Markets
(949) 720-5703
agurewitz@roth.com

Nazan Akdeniz
Senior Vice President
(949) 720-5740
nakdeniz@roth.com

Lou Ellis
Senior Vice President
(949) 720-5739
lellis@roth.com

Transaction Information
General Employment Enterprises, Inc. (NYSE MKT: JOB), a provider of specialty staffing services and solutions, closed an underwritten public offering of 11,200,000 shares of its common stock, as well as the sale of 1,260,000 additional shares pursuant to the exercise of the over-allotment option granted to the underwriters. The shares were sold at a price of $.70 per share, resulting in the gross proceeds to General Employment Enterprises, Inc. of approximately $8.7 Million.

General Employment Enterprises intends to use the proceeds from this offering for acquisitions, working capital and general corporate purposes.

Derek Dewan, Chairman and Chief Executive Officer of General Employment Enterprises commented, “We are most pleased with the results of this public equity offering. We believe that this financing will help General Employment accomplish its multi-faceted growth strategy and sets the stage for the first phase of reaching its strategic initiatives. Additionally, we expect the completion of this public offering to strengthen our balance sheet and to improve our credit worthiness.”

ROTH Capital Partners acted as the sole book-running manager for the offering.

About General Employment Enterprises, Inc.
General Employment Enterprises, Inc. was incorporated in the State of Illinois in 1962, is a provider of specialized staffing solutions and is the successor to employment offices doing business since 1893. The Company operates in two industry segments, providing professional staffing services and solutions, and light industrial staffing services through the names of General Employment, Ashley Ellis, Triad and Omni-One. Also, in the healthcare sector, General Employment through its Scribe Solutions brand staffs medical scribes who assist physicians in emergency departments of hospitals and in medical practices by providing required documentation for patient care in connection with electronic medical records (EMR). For more information, please visit www.genp.com. (Source: Company Press Release 7/22/15)

About ROTH Capital Partners
ROTH Capital Partners, LLC (ROTH), is a relationship-driven investment bank focused on serving emerging growth companies and their investors. As a full-service investment bank, ROTH provides capital raising, M&A advisory, analytical research, trading, market-making services and corporate access. Headquartered in Newport Beach, CA, ROTH is privately-held and employee owned, and maintains offices throughout the U.S. and Hong Kong. For more information on ROTH, please visit www.roth.com.

  
 

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