New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 16, 2014
09:10 EDTJOBGeneral Employment Enterprises granted extension of NYSE impairment plan
General Employment Enterprises has been granted an extension of its Impairment Plan Period from March 31 to June 6 related to its non-compliance with continued listing standards relating to stockholders' equity being less than $4M and having sustained losses from continuing operations and/or net losses in three of its four most recent fiscal years. The company's common stock continues to trade on the NYSE MKT stock exchange under the symbol "JOB," but will become subject to the trading symbol extension ".LF" to denote non-compliance with the NYSE MKT's continued listing standards.
News For JOB From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 5, 2015
08:52 EDTJOBGeneral Employment acquires Access Data Consulting Corporation
General Employment announced that it has acquired Denver-based Access Data Consulting Corporation, a provider of information technology staff augmentation and consulting services. The acquisition is expected to be accretive to earnings per share and anticipated to generate significant earnings before interest, taxes, depreciation and amortization. Under the terms of the sale and purchase agreement, General Employment acquired 100% of the Access Data common stock for a combination of consideration including cash, stock and seller financing and the corporation is now a wholly owned subsidiary of the Company. General Employment utilized cash from its follow on equity offering completed in late July of this year pursuant to its $75M shelf registration plus a portion of the proceeds from a three year $4.2M mezzanine debt financing put into place contemporaneously with the transaction to help fund a portion of the purchase price of Access Data and for future acquisitions. Additional terms of the transaction were not disclosed. Access Data had revenue of approximately $21M and EBITDA of approximately $2.5M for its fiscal year ended 2014 based on its audited financial statements.

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use