Global Power Equipment Group Declares Quarterly Cash Dividend

IRVING, Texas, March 5, 2013 (GLOBE NEWSWIRE) -- Global Power Equipment Group Inc. (Nasdaq:GLPW) ("Global Power") announced today that its Board of Directors has declared a quarterly cash dividend of $0.09 per common share.

The dividend will be payable on or about March 29, 2013 to stockholders of record at the close of business on March 18, 2013. Global Power has approximately 16.8 million shares of its common stock outstanding as of March 4, 2013.

About Global Power Texas-based Global Power Equipment Group Inc. is a design, engineering and manufacturing firm providing a broad array of equipment and services to the global power infrastructure, energy and process industries. Through its Services Division, the Company provides on-site specialty support and outage management services for commercial nuclear reactors in the United States and maintenance services to fossil and hydroelectric power plants and other industrial operations. Through its Products Division, the Company designs, engineers and manufactures a comprehensive portfolio of equipment for gas turbine power plants and power-related equipment for industrial operations, with over 40 years of power generation industry experience. With a strong competitive position in its product lines, the Company benefits from a large installed base of equipment in domestic and international markets. Additional information about Global Power may be found at www.globalpower.com .

The Global Power Equipment Group Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=16123
CONTACT: Investor Relations Contact:         Deborah K. Pawlowski         Kei Advisors LLC         (716) 843-3908         dpawlowski@keiadvisors.com                  Media Contact:         J.D. Whittenburg         Global Power         (214) 574-2726         jwhittenburg@globalpower.com

Global Power Equipment Group Inc. logo

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