GSE Systems Engages Valufinder Group, Inc. to Identify Acquisition
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 VALUFINDER GROUP, INC.
Valufinder is an investment banking firm specializing in middle market mergers
and acquisitions since 1979. Valufinder’s pro-active acquisition program
develops unique acquisition opportunities for financial and strategic buyers
outside of the usual auction environment. Valufinder, or its professionals,
have participated in more than 150 transactions totaling over $7.5 billion in
enterprise value. Companies interested in learning more about GSE’s
acquisition interests should contact Valufinder directly.
ABOUT GSE SYSTEMS, INC.
GSE Systems Inc. is a world leader in real-time high-fidelity simulation,
providing a wide range of simulation, training and engineering solutions to
the energy 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 St. Marys,
Georgia; Madison, New Jersey; Cary, North Carolina; Chennai, India; Nyköping,
Sweden; Stockton-on-Tees, UK; Glasgow, UK; and Beijing, China. Information
about GSE Systems is available at www.gses.com.
FORWARD LOOKING STATEMENTS
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.
GSE Systems Inc.
Jim Eberle, 410-970-7950
Chief Executive Officer
Valufinder Group, Inc.
David Schenkel, 212-243-1133
The Equity Group Inc.
Devin Sullivan, 212-836-9608
Senior Vice President
Thomas Mei, 212-836-9614
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