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Global Power Equipment Group Inc. Announces Plans to Release Financial Information

Posted on: Monday, 15 September 2008, 12:00 CDT

TULSA, Okla., Sept. 15 /PRNewswire-FirstCall/ -- Global Power Equipment Group Inc. (Pink Sheets: GLPW) ("Global Power") today announced that it plans to release publicly audited financial statements for fiscal 2006 and 2007 and interim financial information for the first six months of 2008 by the end of November of this year. This release is part of a voluntary effort by Global Power to provide current financial information to the public on an ongoing basis.

About Global Power

Oklahoma based Global Power Equipment Group Inc. is a leading design, engineering and manufacturing firm providing a broad array of equipment and services to the global power infrastructure, energy and process industries. Through its Global Power Services Division, the Company is a leading provider of on-site specialty support and outage management services for commercial nuclear reactors in the United States and provides maintenance services to fossil and hydroelectric power plants and other industrial operations. Through its Global Power 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. The Company believes, in its product lines, it has one of the largest installed bases of equipment for power generation in the world. Additional information about Global Power Equipment Group may be found at http://www.globalpower.com/.

Forward Looking Statement Disclaimer

This News Release contains forward-looking information that involves risks and uncertainties, including statements regarding the Global Power's plans, objectives, expectations and intentions relating to its planned release of financial information. Global Power is in the process of preparing for public release its audited financial statements for fiscal 2006 and 2007 and its unaudited interim financial statements for 2008. Additional requirements are applicable under Generally Accepted Accounting Principals for Global Power to prepare audited financial statements for public release, and Global Power is currently compiling the information to prepare the disclosures required to meet these additional requirements. In addition, prior to release, Global Power's annual financial statements and interim financial information will also be subject to audit or review, as applicable, by its independent registered public accounting firm. As a result, Global Power cannot assure that these financial statements and information will be completed when planned, if at all. Global Power expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward- looking statements contained herein to reflect any change in Global Power's expectations or any change in events, conditions or circumstances on which any such statement is based.

Contact: Candice Cheeseman Vice President of Administration and General Counsel Global Power Equipment Group Inc. (918) 488-0828

Global Power Equipment Group Inc.

CONTACT: Candice Cheeseman, Vice President of Administration and GeneralCounsel of Global Power Equipment Group Inc., +1-918-488-0828

Web site: http://www.globalpower.com/

Source: PRNewswire-FirstCall

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