Elkridge, MD. January 26, 2009. — GP Strategies Corporation (NYSE: GPX), the parent company of global performance improvement solutions provider General Physics Corporation (GP), today announced that Principal Trust Company, the trustee of the Company’s 401(k) plan, filed a Schedule 13G with the Securities and Exchange Commission, reporting that the plan held 852,544 shares, or 5.3%, of GP Strategies Corporation’s outstanding common stock as of December 31, 2008, representing the first time that ownership of the Company by its employees through the plan had exceeded 5%. In addition to the shares held by employees in the plan, GP Strategies’ officers and directors own additional shares of the Company’s outstanding common stock outside of the plan.
Scott Greenberg, Chief Executive Officer, commented, “I am extremely pleased that our employees’ stake in the Company has grown, as it further aligns them with our outside shareholders and positions them to share in the long-term success of the Company.”
GP Strategies, whose principal operating subsidiary is General Physics Corporation, is a NYSE-listed company (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.
Scott N. Greenberg
Chief Executive Officer
Chief Financial Officer
Ann M. Blank