General Employment Acquires Pittsburgh Based Generation Technologies, Inc.

Acquisition Extends the Company's Marketing and Growth of IT Contract Staffing

Into Southwestern Pennsylvania, One of the Fastest Technology Growth

Centers in the United States



Apr 10, 2001, 01:00 ET from General Employment Enterprises Inc.

    OAKBROOK TERRACE, Ill., April 10 /PRNewswire/ -- "There are good
 acquisitions and there are bad acquisitions...the difference between the two
 is people...management, leadership, team spirit and the attitude of the
 acquired company's staff that comes with the transaction.  And that is why I
 am very pleased to announce the acquisition of Generation Technologies, Inc.
 by Triad Personnel Services, Inc., a wholly-owned subsidiary of General
 Employment Enterprises, Inc. (Amex:   JOB).  This is definitely a good
 acquisition."  That's how Herb Imhoff, General Employment's board chairman and
 CEO, described Triad's acquisition of Generation Technologies, Inc., a
 provider of information technology contract staffing services.
     Continuing his comments, Mr. Imhoff said, "The acquisition of Generation
 Technologies, Inc. was an asset purchase but you won't find Generation
 Technologies' most important assets on its balance sheet.  Generation
 Technologies' most important asset is the leadership provided by its former
 owner and President, Michael (Mike) Verona along with his team of 'gung-ho,
 can-do' people.  Mike has agreed to stay on board and will continue to provide
 the kind of leadership and management required to continue the profitable
 growth and expansion of the Pittsburgh office."
     "We are certainly pleased to have Generation Technologies as a member of
 General Employment's staffing professionals."
     "Generation Technologies, Inc. has annual revenues of almost $3 million,
 and the acquisition of this company is expected to be accretive.  And, a
 Pittsburgh office will certainly broaden Triad's marketing scope because
 neither Triad nor General Employment previously had branch offices in
 Southwestern Pennsylvania," Imhoff concluded.
     This news release contains forward-looking statements that are based on
 management's current expectations and are subject to risks and uncertainties.
 Some of the factors that could affect the Company's future performance include
 general business conditions, the demand for the Company's services, and the
 ability of the Company to attract and retain qualified personnel for regular
 full-time placement and contract project assignments, and the ability to
 attract and retain qualified corporate and branch management.
     With the acquisition of Generation Technologies, Inc., General Employment
 and Triad Personnel provide information technology and technical staffing
 services, operating 42 branch offices in major metropolitan and suburban
 business centers in 14 states.  The Company's shares are traded on the
 American Stock Exchange under the trading symbol JOB.
 
 

SOURCE General Employment Enterprises Inc.
    OAKBROOK TERRACE, Ill., April 10 /PRNewswire/ -- "There are good
 acquisitions and there are bad acquisitions...the difference between the two
 is people...management, leadership, team spirit and the attitude of the
 acquired company's staff that comes with the transaction.  And that is why I
 am very pleased to announce the acquisition of Generation Technologies, Inc.
 by Triad Personnel Services, Inc., a wholly-owned subsidiary of General
 Employment Enterprises, Inc. (Amex:   JOB).  This is definitely a good
 acquisition."  That's how Herb Imhoff, General Employment's board chairman and
 CEO, described Triad's acquisition of Generation Technologies, Inc., a
 provider of information technology contract staffing services.
     Continuing his comments, Mr. Imhoff said, "The acquisition of Generation
 Technologies, Inc. was an asset purchase but you won't find Generation
 Technologies' most important assets on its balance sheet.  Generation
 Technologies' most important asset is the leadership provided by its former
 owner and President, Michael (Mike) Verona along with his team of 'gung-ho,
 can-do' people.  Mike has agreed to stay on board and will continue to provide
 the kind of leadership and management required to continue the profitable
 growth and expansion of the Pittsburgh office."
     "We are certainly pleased to have Generation Technologies as a member of
 General Employment's staffing professionals."
     "Generation Technologies, Inc. has annual revenues of almost $3 million,
 and the acquisition of this company is expected to be accretive.  And, a
 Pittsburgh office will certainly broaden Triad's marketing scope because
 neither Triad nor General Employment previously had branch offices in
 Southwestern Pennsylvania," Imhoff concluded.
     This news release contains forward-looking statements that are based on
 management's current expectations and are subject to risks and uncertainties.
 Some of the factors that could affect the Company's future performance include
 general business conditions, the demand for the Company's services, and the
 ability of the Company to attract and retain qualified personnel for regular
 full-time placement and contract project assignments, and the ability to
 attract and retain qualified corporate and branch management.
     With the acquisition of Generation Technologies, Inc., General Employment
 and Triad Personnel provide information technology and technical staffing
 services, operating 42 branch offices in major metropolitan and suburban
 business centers in 14 states.  The Company's shares are traded on the
 American Stock Exchange under the trading symbol JOB.
 
 SOURCE  General Employment Enterprises Inc.

RELATED LINKS

http://www.generalemployment.com