COLUMBIA, Md., March 1 /PRNewswire/ -- GSE Systems, Inc. (Amex: GVP), a
leading global provider of real time simulation and process control solutions
to the chemical, pharmaceutical, energy, process and manufacturing industries,
announced that Joseph W. Lewis has been elected to the board of directors.
Mr. Lewis has been responsible for some of the most innovative growth
strategies in the controls and automation industry as former Executive Vice
President for the Control Group of Johnson Controls. In this capacity, he was
responsible for over $3 billion in revenue worldwide and led their successful
venture into the services and performance contracting business.
Mr. Lewis received a BS in mechanical engineering and an Executive MBA,
both from the University of Minnesota.
Christopher M. Carnavos, President and Chief Executive Officer, said, "We
are very pleased to welcome Mr. Lewis to the Board of Directors. We believe he
will be a very positive force and a voice of experience as GSE moves forward."
GSE Systems, Inc. develops and delivers business and technology solutions
by applying process control and simulation software, systems and services to
the pharmaceutical and chemical research & development, energy, process and
manufacturing industries worldwide. The Company's products are used in the
following industries: specialty chemical, food and beverage, petroleum
refining, 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, the Netherlands, Sweden, and United Kingdom. Information about GSE
Systems is available via the Internet's World Wide Web at
http://www.whatisvirtualplant.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, 1998 as
filed with the Securities and Exchange Commission.
To receive additional information on GSE Systems, Inc. via fax at no
charge, dial 1-800-PRO-INFO and enter ticker symbol GVP.
SOURCE GSE Systems, Inc.
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Related links:
http://www.whatisvirtualplant.com
CONTACT:
Brian K. Southern, Senior Vice President of
GSE Systems, Inc., 410-772-3588, or general info, Doug DeLieto,
analysts, Susan Jayson, or media info, Marty Gitlin, all of The
Financial Relations Board, 212-661-8030
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