Elkridge, MD. February 15, 2011. – GP Strategies Corporation (NYSE: GPX), announced that its principal operating subsidiary, global performance improvement solutions provider General Physics Corporation (GP), has acquired Communication Consulting, a China-based training and consulting company with offices in Shanghai and Beijing, China, and Haryana(New Delhi) in India. Communication Consulting designs and delivers customized training solutions and specializes in the areas of leadership, communication skills, sales and customer service training.
Since 1995, Communication Consulting has helped enable staff, promote cross-cultural understanding and develop leaders through their professional training programs that are available for delivery in Chinese and English.
Scott Greenberg, Chief Executive Officer of GP Strategies, stated, “The expansion of training services in China is a key initiative of the Company and the acquisition of Communication Consulting provides us with a strong foundation to serve our multi-national customers with operations there. Our clients have been asking about our ability to support them in China and we look at China as a major potential growth area for GP. Communication Consulting has a 15 year history providing training services to multi-national and other organizations, including some existing GP clients, and has the experience, instructors, English/Chinese course library and favorable references for providing quality training in the Asia Pacific region. We are pleased to have them as part of the GP family.”
To learn more about Communication Consulting, visit www.comcon.com.cn.
About GP
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 http://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,” “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.
Contacts:
Scott N. Greenberg
Chief Executive Officer
(410) 379-3640
Sharon Esposito-Mayer
Chief Financial Officer
(410) 379-3636
Jamie Coffey
Director, Communications
(443) 255-3400