Elkridge, MD. April 4, 2008. — Global performance improvement solutions provider General Physics Corporation (GP), a subsidiary of GP Strategies Corporation (NYSE: GPX), has been awarded a contract by the Tri-County Urban Area Security Initiative (UASI) in Omaha, Nebraska, to provide a range of Homeland Security services.
Under this contract, GP will provide program management, strategic planning, hazard and vulnerability assessments, training, as well as plan, develop, conduct, and report the results of Homeland Security exercises over an 11-month period. GP will also assist the UASI in creating performance measures, including clarifying new goals and objectives using risk assessment and strategy updates; documenting contributions that helped achieve prior goals and objectives; documenting benefits received from the investment in each project; and performing a gap analysis to determine Tri-County Omaha UASI needs.
According to Craig Seger, Senior Vice President for GP’s Homeland Security and Emergency Management business unit, “GP is honored to provide this level of support to the residents of the Omaha region. Our Homeland Security and Emergency Management team brings a wealth of planning, training, assessment, and exercise experience to aid them in their efforts to increase preparedness for any hazard facing the region.”
General Physics Corporation , the principal operating subsidiary of GP Strategies Corporation (NYSE:GPX), is a global 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 about General Physics Corporation 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