GTS Duratek, Inc. Announces 200,000 Share Repurchase From GP Strategies Corporation

Business Wire, Nov 23, 1999

COLUMBIA, Md.--(BUSINESS WIRE)--Nov. 23, 1999--

GTS Duratek (Nasdaq:DRTK) today announced that is has agreed to repurchase an aggregate of 200,000 shares of its Common Stock from GP Strategies Corporation, (NYSE:GPX) (formerly National Patent Development Corporation), at a price of $6.65 per share in a privately negotiated transaction.

As of November 22, 1999 GTS Duratek's total shares outstanding is 13,063,063. GTS Duratek announced a Board of Directors authorization for the repurchase of up to 4 million shares of its common stock. To date, GTS Duratek has purchased approximately 1.5 million shares.

GTS Duratek implements technologies and provides services which protect people from radiation and the environment from radioactive wastes.