Elkridge, MD, July 7, 2009 – Global performance improvement solutions provider General Physics Corporation (GP), the operating subsidiary of GP Strategies Corporation (NYSE: GPX), announced today that it has been awarded a multi-year contract to provide outsourced training services, including content development, vendor management and related services to a leading global software corporation.
GP expects to engage personnel and contractors located in GP offices in Connecticut, Maryland, Oregon, Washington and India to provide a wide range of traditional and state-of-the-art learning-related services under the contract.
“Although our contract prohibits us from identifying our client, we are pleased that this leading corporation used a comprehensive selection process and selected GP for content development outsourced training services”, said Douglas Sharp, President of GP. “The selection of GP demonstrates that the platform of comprehensive training business process outsourcing solutions currently offered by GP is being favorably received by Fortune 500 companies. It is anticipated that after the initial rollout, this Company will become a top 10 customer in terms of revenue to GP”, said Scott Greenberg, CEO of GP.
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,” “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.
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