GSE Systems Engages Valufinder Group to Identify Acquisition Opportunities

Sykesville, MD – January 7, 2013 – GSE Systems, Inc. (“GSE” or “the Company”) (NYSE MKT: GVP) today announced that it has signed an engagement agreement with investment banking firm Valufinder Group, Inc. to assist the Company in identifying potential targets for mergers and acquisitions in the U.S. and abroad.

Jim Eberle, Chief Executive Officer of GSE, commented, “This engagement represents a shared commitment by our Board of Directors and senior management to the continuing growth and evolution of our business. Over the last 40 years, GSE has established itself as a world leader in providing real-time, high-fidelity simulation, training, and engineering solutions to all aspects of the nuclear, chemical, petrochemical, and process industries. This global platform, along with a reputation for product and service excellence, a strong cash position, and no long-term debt, positions us to pursue appropriate acquisition opportunities in areas that are both supportive of and complementary to our position as a global energy services solutions provider.”