GEG General Electric Capital Corp. General Electric Capital Corp. 6.05% Notes Due February 6, 2047

Michael L. Greenwood Joins Global Power Equipment Group's Board of Directors TULSA, Okla., June 14 /PRNewswire-FirstCall/ -- Global Power Equipment Group Inc. (NYSE:GEG) today announced the election of Michael L. Greenwood to the company's board of directors. Mr. Greenwood replaces Edgar Hotard whose term ended effective as of the Company's Annual Shareholder meeting, which was held on June 9, 2005. Mr. Greenwood has more than 20 years experience in the energy industry in various capacities and is the Founder and Managing Director of Carnegie Capital, a private financial advisory services firm providing investment banking assistance to the energy industry. From July 2002 to August 2004, Mr. Greenwood was vice president of finance and treasurer for Energy Transfer Partners, L.P., a diversified energy company with interests in natural gas transportation, processing, marketing and retail marketing of propane, subsequent to its merger with Heritage Propane Partners, L.P. where he had served as vice president, chief financial officer and treasurer. From 1994 to 2002 he was senior vice president, chief financial officer and treasurer for Alliance Resource Partners, L.P., a diversified producer and marketer of coal to major utilities. From 1986 to 1994, Mr. Greenwood was general manager of mergers and acquisitions for MAPCO Inc., a diversified energy company with interests in coal, pipelines, propane, refining and retail marketing. Mr. Greenwood received his B.S. in Business Administration from Oklahoma State University and an M.B.A. from the University of Tulsa. Mr. Greenwood also serves as a director of Hiland Partners, LP and Libra Natural Resources Plc. "I am very pleased that Mike has joined the board of the company," stated Larry Edwards, Chairman and CEO of Global Power Equipment Group. "Mike's background in finance and mergers and acquisitions makes him an ideal candidate to assist us in a number of ways and we know that he will be an invaluable asset to our Company." About Global Power Equipment Group 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 energy, power infrastructure and process industries. The Company designs, engineers and manufactures a comprehensive portfolio of equipment for gas turbine power plants and power-related equipment for industrial operations, and has over 30 years of power generation industry experience. The Company's equipment is installed in power plants and in industrial operations in more than 40 countries on six continents and believes, in its product lines, it has one of the largest installed bases of equipment for power generation in the world. In addition, the Company provides its customers with value-added services including engineering, retrofit, maintenance, repair and general plant services. Additional information about Global Power Equipment Group may be found at http://www.globalpower.com/ . Company Contact: Bob Zwerneman Director of Investor Relations (918) 274-2398 DATASOURCE: Global Power Equipment Group Inc. CONTACT: Bob Zwerneman, Director of Investor Relations of Global Power Equipment Group Inc., +1-918-274-2398 Web site: http://www.globalpower.com/

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