COLUMBIA, Md., Jan. 27 /PRNewswire/ -- GSE Systems, Inc. (formerly Nasdaq
National Market: GSES), a leading global provider of real time simulation and
process control solutions to the energy, process and manufacturing industries,
today announced that its stock has been approved to trade on the American
Stock Exchange under the stock symbol "GVP".
Also, the Company announced the appointment of Mr. Jeffery Hough to the
position of Senior Vice President and Chief Financial Officer. Mr. Hough
brings over 20 years of experience in the process controls business in various
financial positions both in the US and internationally at such companies as
Yokogawa, ABB, and Leeds & Northrop. Most recently, Jeff was CFO/Treasurer at
Yokogawa Industrial Automation America, Inc. Mr. Hough is a graduate of
Wittenberg University and is a Certified Public Accountant. Mr. Steve
Fogarty, formerly the Company's CFO, assumes the position of Vice President
Finance and Corporate Controller, reporting to Mr. Hough.
GSE Systems, Inc., develops and delivers business and technology solutions
by applying process control, data acquisition and simulation software, systems
and services to the energy, process and manufacturing industries worldwide.
The Company's products are used in the following industries: specialty
chemical, food and beverage, petroleum refining, oil and gas, pharmaceutical,
fossil and nuclear power generation, metals and water treatment. GSE Systems
is headquartered in Columbia, Maryland with offices in Georgia, Louisiana,
Maryland, North and South Carolina, Pennsylvania, and Texas, and its global
locations include offices in Belgium, Japan, Korea, Singapore, Sweden, and
Taiwan. Information about GSE Systems is available via the Internet's World
Wide Web at http://www.gses.com.
This news release contains forward-looking statements that involve risks
and uncertainties. The actual future results of GSE Systems may differ
materially due to a number of factors, including but not limited to delays in
introduction of products or enhancements, size and timing of individual
orders, rapid technological changes, market acceptance of new products and
competition. These and other factors are more fully discussed in the
Company's annual report on Form 10-K for the year ended December 31, 1997 and
other reports as filed with the Securities and Exchange Commission.
SOURCE GSE Systems, Inc.
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Related links:
http://www.gses.com
CONTACT:
Brian K. Southern, Sr. Vice President of GSE
Systems, 410-772-3600; or General Info., Doug DeLieto, or Media
Info., Marty Gitlin, or Analyst Info., Elisa Mailman, of The
Financial Relations Board, 212-661-8030
NOTE TO EDITORS: To receive additional information on GSE
Systems, Inc., via fax at no charge, dial 800-PRO-INFO and enter
ticker symbol GSES
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