Global Power Equipment Group's CEO, John Matheson, Selected as Finalist for Ernst and Young Entrepreneur Of The Year

TULSA, Okla., May 7 /PRNewswire-FirstCall/ -- Global Power Equipment Group Inc. (OTC Bulletin Board: GLPW) ("Global Power") today announced John M. Matheson, President and CEO, is a finalist for the Ernst & Young Entrepreneur Of The Year(R) 2009 Award in the Southwest Area region. According to Ernst & Young LLP, the awards program recognizes entrepreneurs who demonstrate extraordinary success in the areas of innovation, financial performance, and personal commitment to their businesses and communities. Mr. Matheson was selected as a finalist from 72 nominations by a panel of independent judges. Award winners will be announced at a special gala event in Dallas, Texas on June 27, 2009.

(Photo: http://www.newscom.com/cgi-bin/prnh/20090507/DA13535)

"I am truly honored to be a finalist for this award as it is a privilege for me to represent all of our fine people and companies at Global Power," said John Matheson.

The Ernst & Young Entrepreneur Of The Year awards program celebrates its 23rd anniversary this year. The program has expanded to recognize business leaders in over 135 cities in 50 countries throughout the world.

Regional award winners are eligible for consideration for the Ernst & Young LLP Entrepreneur Of The Year national program. Award winners in several national categories, as well as the overall national Ernst & Young Entrepreneur Of The Year award winner, will be announced at the annual awards gala in Palm Springs, California on November 14, 2009. The awards are the culminating event of the Ernst & Young Strategic Growth Forum, the nation's most prestigious gathering of high-growth, market-leading companies.

About Ernst & Young's Entrepreneur Of The Year(R) 2009 Awards Program

Ernst & Young's Entrepreneur Of The Year(R) Award is the world's most prestigious business award for entrepreneurs. The award makes a difference through the way it encourages entrepreneurial activity among those with potential and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global award of its kind, the Ernst & Young Entrepreneur Of The Year(R) award celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 135 cities in 50 countries.

About Global Power

Oklahoma based Global Power Equipment Group Inc. is a leading design, engineering and manufacturing firm providing a broad array of equipment and services to the global power infrastructure, energy and process industries. Through its Global Power Services Division, the Company is a leading provider of on-site specialty support and outage management services for commercial nuclear reactors in the United States and provides maintenance services to fossil and hydroelectric power plants and other industrial operations. Through its Global Power 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. The Company believes, in its product lines, it has one of the largest installed bases of equipment for power generation in the world. Additional information about Global Power Equipment Group may be found at www.globalpower.com.

Sponsors

Founded and produced by Ernst & Young LLP, the Entrepreneur Of The Year awards are pleased to have the Ewing Marion Kauffman Foundation and SAP America as national sponsors.

In the Southwest Area - North, sponsors include First United Bank & Trust, Smith, Frank & Partners, Stagen, D CEO Magazine, Fort Worth Business Press and the Journal Record.

    Company Contact:
    Candice Cheeseman
     Vice President of Administration and General Counsel
     Global Power Equipment Group Inc.
     (918) 488-0828

SOURCE Global Power Equipment Group Inc.