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Global Power Equipment Group Declares Quarterly Cash Dividend

IRVING, Texas, Nov. 12, 2012 (GLOBE NEWSWIRE) -- Global Power Equipment Group Inc. (Nasdaq:GLPW) ("Global Power") announced today that its Board of Directors has declared a quarterly cash dividend of $0.09 per common share.

The dividend will be payable on or about December 28, 2012, to stockholders of record at the close of business on December 10, 2012. Global Power has approximately 17.0 million shares of its common stock outstanding.

About Global Power

Texas-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 www.globalpower.com.

The Global Power Equipment Group Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=13362

CONTACT: Investor Relations Contact: Deborah Pawlowski Kei Advisors (716) 843-3908 dpawlowski@keiadvisors.com

Source:Global Power Equipment Group Inc.