Elkridge, MD. January 14, 2009 - Global performance improvement solutions provider General Physics Corporation (GP), a subsidiary of GP Strategies Corporation (NYSE: GPX), announced today that it has entered into a joint venture agreement with the National Technical Information Service (NTIS), an Office of Personnel Management (OPM)-authorized eTraining Service Provider (eTSP). GP will partner with NTIS, located in Springfield, VA, to provide the following enterprise talent management services to government agencies: training administration; business process outsourcing; knowledge management services; and e-learning systems implementation, configuration, integration, helpdesk, hosting and custom content development.
Don Duquette, Executive Vice President of GP’s Learning Solutions group, stated, “GP has a strong federal government practice that provides learning and development support as well as LMS/LCMS integration, management and hosting services to numerous agencies. We are excited about this partnership as it provides an opportunity to continue to provide comprehensive Talent Management solutions to our federal government customer base.”
NTIS acts as a central repository for scientific reports and other technical information and knowledge generated within the Federal Government, and serves as an Office of Personnel Management (OPM)-authorized eTraining Service Provider (eTSP) to help the agencies implement electronic government services under the eGovernment Act of 2003. Therefore, NTIS is a good fit to provide these technology-driven knowledge management and learning project services. For more information, please visit www.ntis.gov.
GP is the principal operating subsidiary of GP Strategies Corporation (NYSE: GPX). GP is a global performance improvement solutions provider of sales and technical training, e-Learning solutions, management consulting and engineering 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 may be found 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