GP Strategies Announces Record Date for GSE Systems, Inc. Spin Off.

NEW YORK -- GP Strategies Corporation (NYSE:GPX), a global provider of training, e-Learning solutions, management consulting, engineering, and simulation services, today announced that the record date for the previously announced spin off of its approximately 57% interest in GSE Systems, Inc. (AMEX:GVP), will be the close of business on September 19, 2005. In the spin off, record holders of GP Strategies common stock and Class B capital stock will receive approximately .283 shares of GSE Systems common stock for each share of GP Strategies common stock or Class B capital stock owned, based on the number of shares of GP Strategies common stock and Class B capital stock outstanding as of September 6, 2005. Shares of GSE Systems are expected to be distributed on or about September 30, 2005.

GSE Systems stock will be issued as uncertificated shares registered in book-entry form through the direct registration system. Fractional shares of GSE Systems common stock will not be 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 be 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 will not trade ex-dividend until after the distribution. As a result, any record holder of GP Strategies common stock that sells its shares after the record date and on or before the date of distribution will also be selling its right to receive shares of GSE Systems in the spin off and should consult their financial advisors regarding the implications of 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 subsidiaries are General Physics Corporation and GSE Systems Inc., is a NYSE listed company (GPX). General Physics and GSE Systems are global providers of training, e-Learning solutions, management consulting, engineering and simulation 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.