GP Strategies Appoints Marshall S. Geller to Board of Directors

    NEW YORK--Feb. 12, 2002--GP Strategies Corporation today announced the appointment of Marshall S. Geller, 62, to the company's board of directors.
    Mr. Geller is currently Chairman of the Board, CEO and Founding Partner of Geller & Friend Capital Partners, Inc., a merchant banking firm. He is also Chairman and President of St. Cloud Capital Partners, LLC, a small business investment company. Mr. Geller also served as Vice Chairman of Gruntal & Company, a New York Stock Exchange investment banking firm.
    Prior to 1998, Mr. Geller spent 21 years with Bear Stearns & Co., an investment banking firm, as the Senior Managing Director in charge of all areas of Corporate Finance, Public Finance, and Institutional Equities & Debt for Bear Stearns' offices in Los Angeles, San Francisco, Chicago and Hong Kong. He was also a director of Shun Loong-Bear Stearns Far East and Sun Hung Kai-Bear Stearns, both leading Chinese investment banking businesses in Japan, Hong Kong and China.
    Mr. Geller has served on the boards of numerous public and private companies and many varied charitable organizations. He currently serves on the boards of ValueVision International, Inc., Hexcel Corporation, Concepts Direct, Inc., and Ballantyne of Omaha, Inc. Mr. Geller has also served on the Illinois Task Force on Financial Services, which analyzes and suggests needed changes in the state financial services regulations. Mr. Geller serves on the Dean's Advisory Council for the College of Business & Economics at California State University, Los Angeles and most recently was presented with the university's Distinguished Alumnus Award for the College of Business & Economics.
    Scott Greenberg, president of GP Strategies, stated, "We are very pleased to have Marshall as the newest member of our board of directors and believe that the depth and breadth of his background will enable him to add a fresh perspective to our business. His supervisory roles in corporate finance, public finance, institutional equities and debt transactions create a formidable set of skills that make him a perfect candidate for our board."

About GP Strategies Corporation

    GP Strategies, whose principal operating subsidiary is General Physics Corporation, is a NYSE listed company (GPX). General Physics is a workforce development company that improves the effectiveness of organizations by providing training, management systems and engineering services to meet the specific needs of clients. Programs have been developed for service managers and executives, engineers, sales associates, plant operators, the maintenance and purchasing workforces and information technology professionals in the public and private sectors in North and South America, Europe and Asia. Clients include Fortune 500 companies, manufacturing, process and energy industries, and other commercial and government customers. Additional information about General Physics may be found 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.