TULSA, Okla., June 15, 2011 (GLOBE NEWSWIRE) -- Global Power Equipment Group Inc. (Nasdaq:GLPW) ("Global Power") announced today that it has moved its corporate headquarters to the Dallas – Fort Worth metroplex from Tulsa, Oklahoma. The new address is 400 E. Las Colinas Boulevard, Suite 400, Irving, TX 75039, and the main telephone number is (972) 444-8452.
Although the company has moved its corporate headquarters to Dallas, the Company's subsidiary Braden Manufacturing will remain in Tulsa where it has enjoyed a long-standing relationship with the local community dating back to 1923.
"We are excited about this next step in Global Power's strategic growth plan," said David Keller, President and CEO of Global Power. "The move is expected to impact approximately 20 people with certain corporate functions moving immediately while others will transition to Dallas over the next year. We believe the Dallas market will serve as a solid platform for growth and its centralized location will provide access to the Company from our increasingly diverse shareholder base."
Global Power plans to host a reception at its new offices during the fourth quarter inviting customers, investors and the local media to visit. Please email Susan Stone at sstone@globalpower.com if you would like to attend.
About Global Power
Oklahoma-based Global Power Equipment Group Inc. is a design, engineering and manufacturing firm providing a broad array of equipment and services to the global power infrastructure, energy and process industries. Through its Services Division, the Company provides on-site specialty support and outage management services for commercial nuclear reactors in the United States and maintenance services to fossil and hydroelectric power plants and other industrial operations. Through its Products Division, the Company designs, engineers and manufactures a comprehensive portfolio of equipment for gas turbine power plants and power-related equipment for industrial operations, with over 40 years of power generation industry experience. With a strong competitive position in its product lines, the Company benefits from a large installed base of equipment in domestic and international markets. Additional information about Global Power Equipment Group Inc. may be found at .
CONTACT: Jennifer Gordon ICR (918) 274-2280 investorrelations@globalpower.com