GSE Systems Engages Valufinder Group, Inc. 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.”
About GSE Systems, Inc.
GSE is a world leader in real-time high-fidelity simulation, providing a wide range of simulation, training, consulting and engineering solutions to the power and process industries. Its comprehensive and modular solutions help customers achieve performance excellence in design, training and operations. GSE’s products and services are tailored to meet specific client requirements such as scope, budget and timeline. The Company has over four decades of experience, more than 1,100 installations, and hundreds of customers in over 50 countries spanning the globe. GSE Systems is headquartered in Sykesville (Baltimore), Maryland, with offices in Columbia, MD, Navarre, Florida and Beijing, China. Information about GSE Systems is available at www.gses.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. We do not intend to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.