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JOB > SEC Filings for JOB > Form 8-K on 16-May-2014All Recent SEC Filings

Show all filings for GENERAL EMPLOYMENT ENTERPRISES INC

Form 8-K for GENERAL EMPLOYMENT ENTERPRISES INC


16-May-2014

Regulation FD Disclosure, Financial Statements and Exhibits


Item 7.01 Regulation FD Disclosure

On May 13, 2014, General Employment Enterprises, Inc. entered into a Letter of Intent to purchase an established, synergistic provider (the "Company") of back office services for staffing companies, in a 100% stock transaction.

The Company is comprised of the following business units and services, which post transaction will augment GEE's current staffing service offering significantly:

PEO (Professional Employer Organization) and HRO (Human Resources Organization) which provides Benefits Management/Administration, Payroll & Tax Processing, Risk Management, Human Resources, Technology, Insurance, Compliance Management, and Group Purchasing to small-group businesses that are looking to benefit from larger scale, cooperative based pricing and efficiencies; and

Private label back office software solution enabling the administration and management of tax processing, workers compensation claims, unemployment claims, and payroll financing.

With over 12 years in the industry, the Company currently has 2,000 employees on assignment at peak periods, 200 active and diverse end-user customers, more than 30 staffing professionals working in 10 locations, and a combined payroll of approximately $50 million throughout the United States.

On May 16, 2014, General Employment Enterprises, Inc. announced the Gary Redwine was appointed to the Advisory Committee.

Mr. Redwine is Partner, President, and CEO of RAMS, Inc., where he has full responsibility for all marketing, sales, and field operations for the RAMS Family of Companies. RAMS was founded in 1994 as an alternate workforce solution provider specializing in the skilled trades aspect of the commercial construction industry. Since its inception, RAMS has evolved into a Family of Companies that provides integrated human resources and training solutions to - and satisfies many of the unique needs of - the commercial construction and consulting industries.

RAMS is a licensed Electrical and General Contractor and the parent company. RAMS RPG provides full time and benefited employees to the commercial and industrial construction industries specializing in electrical, plumbing, mechanical, and structured data cabling. RPG provides alternate workforce solutions to other contractors enabling them to secure larger projects in diverse locations. RAMS TEC is its training division that is certified to conduct OSHA 10 & 30 along with FASA & BASA technical training and certification. RAMS JumpStart is a state approved (P.065), fully monitored pre-apprenticeship program that was developed in 2004 to promote the training of entry-level skilled trades personnel for electrical and plumbing. It is a 26 week program that has graduated over 800 new skilled trades personnel.

Prior to joining RAMS, he has held various executive positions, ending as Division President, for CDI Corporation a multi-billion dollar staffing, consulting, and engineering firm. He developed and managed the growth in IT, Aerospace, Petro-Chem, Telecommunications, Manufacturing, and Federal contracting verticals. Prior to CDI, Gary was a Division Manager for Manpower Services.



Item 9.01 Financial Statements and Exhibits.

Exhibit No.   Description
   99.1       Press release issued by General Employment Enterprises, Inc. dated May
              12, 2014.
   99.2       Press release issued by General Employment Enterprises, Inc. dated May
              16, 2014.

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