Elkridge, MD. November 14, 2007. Global performance improvement solutions provider General Physics Corporation (GP), a subsidiary of GP Strategies Corporation (NYSE: GPX), announced that it received its 18th consecutive 100% award fee from the U.S. Air Force, Arnold Engineering Development Center (AEDC), Arnold Air Force Base, Tennessee. This award is a result of the sustained excellent performance during the award fee period, April 1, 2007 through October 31, 2007, and represents the maximum award possible.
In announcing the award, AEDC stated that GP received the 100% award fee because GP has provided invaluable service to the AEDC mission and cited GP’s strong leadership and a professional staff focused on executing their assigned tasks as the key reasons.
GP provides engineering, inspection, and configuration management services to AEDC to ensure that the facility infrastructure can safely meet mission requirements. GP has been a contractor at AEDC since 1989.
GP Strategies, whose principal operating subsidiary is General Physics Corporation, is a NYSE listed company (GPX). GP is a global provider of training, e-learning solutions, management consulting, and engineering services. Through its Sandy Corporation and Via Training divisions, GP provides custom sales training services. GP’s solutions improve the effectiveness of organizations by delivering innovative and superior training, consulting, and business improvement services customized to meet the specific needs of its clients. Clients include Fortune 500 companies, manufacturing, process and energy industries, and other commercial and government customers. Additional information about GP Strategies may be found at www.gpstrategies.com and about GP at www.gpworldwide.com.
We make statements in this press release that are considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. These statements reflect our current expectations concerning future events and results. We use words such as “expect,” “intend,” “believe,” “may,” “will,” “should,” “could,” “anticipates,” and similar expressions to identify forward-looking statements, but their absence does not mean a statement is not forward-looking. These statements are not guarantees of our future performance and are subject to risks, uncertainties, and other important factors that could cause our actual performance or achievements to be materially different from those we project. For a full discussion of these risks, uncertainties, and factors, we encourage you to read our documents on file with the Securities and Exchange Commission, including those set forth in our periodic reports under the forward-looking statements and risk factors sections. Except as required by law, we do not intend to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
Scott N. Greenberg
Chief Executive Officer
Chief Financial Officer