General Employment Enterprises, Inc. Provides Update On Business Plan
On October 29, 2013, the Company received a letter from the NYSE MKT stating that, based on the review of the information provided by the Company, the Company has made significant progress towards regaining compliance with Section 1003(a)(iv) of the Company Guide. Based on the Company's progress to date and actions the Company plans to implement in the future, in accordance with Section 1009 of the Company Guide, the NYSE MKT has determined to extend the Financial Impairment Plan Period, which allowed the Company to demonstrate its ability to regain compliance with Section 1003(a)(iv) of the Company Guide by October 7, 2013. The Financial Impairment Plan Period was extended until February 21, 2014. The plan period for the Company to regain compliance with Section 1003(a)(ii) remains June 6, 2014. The foregoing is subject to the Company making a public announcement by November 4, 2013, continuing to provide updates to the NYSE MKT staff and continuing to show progress in regaining compliance.
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