General Physics Corporation Awarded Base Environment Support Contract

Business Wire, July 14, 2004

ELKRIDGE, Md. -- General Physics to Continue its 15-Year Relationship of Providing Environmental Engineering Support to the U.S. Army, Aberdeen Proving Ground

Global performance solutions provider General Physics Corporation (GP), a subsidiary of GP Strategies Corporation (NYSE:GPX), has been awarded a competitively bid Base Environmental Support Contract (BEST 2) from the U.S. Army, Aberdeen Proving Ground (APG). This award is the third consecutive follow-on contract to GP's original support contract with APG, and the replacement for GP's current BEST 1 contract. Like the BEST 1 contract, the BEST 2 contract consists of a base year and four one year option periods; there is no maximum dollar ceiling on the BEST 2 contract. Under the BEST 1 contract, GP was awarded more than 150 delivery orders valued at more than $107 million. In 2003, this contract yielded approximately $22.5 million in revenue.

Services to be provided under this contract include training, environmental regulatory compliance consulting, public relations/community outreach, engineering design, system operations, environmental contamination assessment, contamination remediation, and shoreline stabilization. This contract is an important component of GP's operations as it allows GP to continue its long standing support of the U.S. Army at APG as well as provides GP with a flexible contract vehicle that can be used in providing environmental engineering support to other Federal agencies.

About GP

GP is the principal operating subsidiary of GP Strategies Corporation (NYSE:GPX). GP is a global provider of training, e-Learning solutions, management consulting and engineering services, improving the effectiveness of organizations by customizing solutions to meet the specific needs of clients. Clients include Fortune 500 companies, manufacturing, process and energy industries, and other commercial and government customers. Additional information about GP 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. We use words such as "expects", "intends" and "anticipates" to indicate forward-looking statements. 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, our inability to generate funds by selling any assets that are included in the proposed spin-off, our holding company structure, failure to continue to attract and retain personnel, loss of business from significant customers, failure to keep pace with technology, changing economic conditions, competition, and those other risks and uncertainties detailed in GP Strategies' periodic reports and registration statements filed with the Securities and Exchange Commission.

If any one or more of these expectations and assumptions proves incorrect, actual results will likely differ materially from those contemplated by the forward-looking statements. Even if all of the foregoing assumptions and expectations prove correct, actual results may still differ materially from those expressed in the forward-looking statements as a result of factors we may not anticipate or that may be beyond our control. While we cannot assess the future impact that any of these differences could have on our business, financial condition, results of operations and cash flows or the market price of shares of our common stock, the differences could be significant. We do not undertake to update any forward-looking statements made by us.