GP Strategies Announces Completion of GSE Systems, Inc. Spin Off.

NEW YORK -- GP Strategies Corporation (NYSE:GPX), a global provider of training, e-Learning solutions, management consulting, and engineering services, today announced the completion of the spin-off of its approximately 57% interest in GSE Systems, Inc. In the spin off, holders of record as of September 19, 2005 of GP Strategies common stock and Class B capital stock received .283075 shares of GSE Systems common stock for each share of GP Strategies common stock or Class B capital stock owned.

GSE Systems stock is being issued as uncertificated shares registered in book-entry form through the direct registration system. Fractional shares of GSE Systems common stock are not being issued to holders of GP Strategies stock as part of the distribution nor credited to book-entry accounts. Instead, the distribution agent will aggregate fractional shares into whole shares and sell them in the open market at then-prevailing prices on behalf of holders who otherwise would have been entitled to receive fractional share interests, and such persons will receive a cash payment in the amount of their pro rata share of the net sale proceeds.

GP Strategies common stock did not trade ex-dividend until after the distribution. As a result, any record holder of GP Strategies common stock that sold its shares after the record date and on or before the date of distribution also sold its right to receive shares of GSE Systems in the spin off.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities.

GP Strategies, whose principal operating subsidiary is General Physics Corporation, is a NYSE listed company (GPX). General Physics is a global provider of training, e-Learning solutions, management consulting, and engineering services, improving the effectiveness of organizations by customizing solutions to meet the specific needs of clients. Clients include Fortune 500 companies, manufacturing, process and energy industries, and other commercial and government customers. Additional information about GP Strategies may be found at www.gpstrategies.com and about General Physics at www.gpworldwide.com.

The forward-looking statements contained herein reflect GP Strategies' management's current views with respect to future events and financial performance. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, all of which are difficult to predict and many of which are beyond the control of GP Strategies, including, but not limited to the risks and uncertainties detailed in GP Strategies' periodic reports and registration statements filed with the Securities and Exchange Commission.