Annual Meeting Will Still be Held May 30, 2001
COLUMBIA, Md., May 25 /PRNewswire/ -- GSE Systems, Inc. (GSE) (Amex: GVP),
a leading global provider of real time simulation and process control
solutions, today announced its intent to call a Special Meeting of its
shareholders.
GSE will hold a Special Meeting to address the authorization of additional
shares of common stock, approve a proposal from ManTech International
Corporation to convert its debt in GSE into equity, and to address a potential
Rights Offering to all GSE shareholders.
The company will issue a proxy statement specifically covering the above
issues in the near future. While the date of the Special Meeting has not been
set, it is anticipated that the Record Date for the Special Meeting will be on
or about June 15, 2001, and the Special Meeting will be held within sixty (60)
days thereafter. The proxy statement will include the date for the Special
Meeting.
GSE Systems, Inc. develops and delivers business and technology solutions
by applying process control, 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, pharmaceutical, and fossil and nuclear power
generation. GSE Systems is headquartered in Columbia, Maryland with offices
in Alabama, Georgia, Louisiana, Maryland, North and South Carolina,
Pennsylvania, and Texas, and its global locations include offices in Japan,
and Sweden. 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, 2000 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.
 back to top
Related links:
http://www.gses.com
CONTACT:
Gill R. Grady, Senior Vice President of GSE
Systems, Inc., 410-772-3500; or General info., Maura Gedid, or
Analysts, Susan Garland, both of The Financial Relations Board,
212-661-8030
|
