Increased demand drives General Employment revenues up 114 percent

PRNewswire

OAKBROOK TERRACE — General Employment Enterprises Inc. reported net revenues for the first quarter of 2012 increased 114 percent primarily due increased demand and the acquisition of two companies.

Net revenues for the period was $12,8 million, compared to $6 million during the same period last year. The company said the increase was due to a 103 percent increase in direct hire placement services because of increased demand, as well as it acquisitions of RFFG Cleveland, LLC and DMCC Staffing, LLC in November, 2010.

Net income for the first quarter ended December 31, 2011 was $23,000 compared to $15,000 for the first quarter ended December 31, 2010.

“We are pleased to see continued improvement in our performance and we are excited about our future,” said Salvatore J. Zizza, chairman of the board & CEO.  “While on target with our plans for continued expansion and growth, we invested in our business by increasing our sales force and provided intensified training as well.

“Our recent acquisitions proved to be rewarding and we will continue to evaluate candidates for future growth.  As the economy continues to gain strength, we will be well positioned to meet the growing demands for our services,” he added.