For more information please
David Farina, CFA
Kamal Masud, CFA
Equity Capital Markets
Head of Equity Capital Markets
Senior Vice President
Senior Vice President
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