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GSE Systems Announces Promotion Of Jim Eberle To CEO

GSE Systems, Inc. (GSE) (NYSE Amex:GVP), a leading global provider of real-time simulation and training solutions to the power, process, manufacturing and Government sectors announced the promotion of Jim Eberle to Chief Executive Officer. Mr. Eberle was also appointed as a director to the GSE Board of Directors.

Mr. Eberle joined the Company June 1, 2010 as the Chief Operating Officer. He is a veteran of the United Sates Navy having served as a reactor operator instructor at the Trident class nuclear powered ballistic missile submarine training facility. He then joined General Physics Corporation and rapidly progressed to the position of Vice President. General Physics, the principal operating subsidiary of GP Strategies (NYSE:GPX) is one of the largest for-profit technical training companies in the world with revenues in excess of $200 million. Prior to joining GSE, Mr. Eberle was the President of MXL Industries, Inc. MXL is a turnkey provider of optical quality polycarbonate and acrylic parts that must meet stringent optical performance requirements.

Mr. Eberle stated, “I am excited to serve in the role of CEO of GSE. We have a strong balance sheet, a great reputation in the industry, and a number of opportunities which have the potential to really make the business grow.”

GSE Systems, Inc. provides training simulators and educational solutions. The Company has over three decades of experience, over 362 installations, and 100 customers in more than 40 countries. Our software, hardware and integrated training solutions leverage proven technologies to deliver real-world business advantages to the energy, process, manufacturing and government sectors worldwide. GSE Systems is headquartered in Sykesville, Maryland located in the western suburbs of Baltimore, Maryland. Our global locations include offices in St. Marys and Augusta, Georgia; Tarrytown, New York; Nyköping, Sweden; Stockton-on-Tees, UK; and Beijing, China. Information about GSE Systems is available via the Internet at http://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.

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