GEE GROUP, INC (NYSEMKT:JOB) Files An 8-K Regulation FD Disclosure

GEE GROUP, INC (NYSEMKT:JOB) Files An 8-K Regulation FD Disclosure

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Item 7.01 Regulation FD Disclosure.

April 3, 2017, GEE Group, Inc. (the “Company”) (NYSE MKT: JOB)
issued a press release announcing that GEE Group acquired SNI
Companies, a premier provider of professional staffing and
recruitment services. The acquisition is expected to be accretive
to GAAP earnings per share and expected to generate significant
estimated adjusted earnings before interest, taxes, depreciation
and amortization (adjusted EBITDA, a non-GAAP financial measure),
including anticipated synergies. In calendar 2016, SNI had
approximately $113.5 million in revenue with EBITDA (EBITDA, a
non-GAAP financial measure) margin of approximately 8.2% and
gross margin of approximately 44%. Pro forma historic GAAP
revenue (for the respective fiscal years) of the combined company
is approximately $197 million, more than double the reported
revenue for GEE Groups fiscal year ended September 30, 2016.

Reconciliation of Non-GAAP EBITDA to GAAP Net
Income

Year Ended December 31, 2016

(In thousands)

Net income, GAAP

$ 4,900

Interest expense, net

2,432

Income tax expense

2,757

Depreciation expense

Amortization expense of intangible assets

Amortization of deferred financing costs

Gain contingency on settlement

(2,152 )

Non-GAAP EBITDA

$ 9,296

A copy of the release is attached as Exhibit 99.1.

The information furnished herein, including Exhibit 99.1, is not
deemed to be “filed” for purposes of Section18 of the Exchange
Act, or otherwise subject to the liability of that section.This
information will not be deemed to be incorporated by reference
into any filing under the Securities Act or the Exchange Act,
except to the extent that the registrant specifically
incorporates them by reference.

Item 9.01 Financial Statements and Exhibits.

Exhibit No.

Description

99.1

Press release issued by GEE Group, Inc. dated April 3,
2017.


About GEE GROUP, INC (NYSEMKT:JOB)

GEE Group Inc., formerly General Employment Enterprises, Inc., is a provider of specialized staffing solutions. The Company operates through two segments: contract staffing services and direct hire placement. The Company’s professional staffing services provide information technology, engineering, medical and accounting professionals to clients on either a regular placement basis or a temporary contract basis. The Company’s industrial staffing business provides weekly temporary staffing for light industrial clients, primarily in Ohio. The Company and its subsidiaries provide professional placement services specializing in the placement of information technology, engineering, and accounting professionals, and medical data entry assistants (medical scribes) specializing in electronic medical records (EMR) services for emergency departments, specialty physician practices and clinics, for direct hire and contract staffing, and temporary staffing services in light industrial staffing.

GEE GROUP, INC (NYSEMKT:JOB) Recent Trading Information

GEE GROUP, INC (NYSEMKT:JOB) closed its last trading session up +0.69 at 5.64 with 10,650 shares trading hands.

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