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

TULSA, Okla., May 9 /PRNewswire-FirstCall/ -- Global Power Equipment Group Inc. (NYSE:GEG) today announced that it will delay the filing of its Form 10-Q for the quarter ended March 31, 2006. As previously reported, the Company delayed the filing of its Form 10-K for 2005 due to additional time required for review and completion of its previously announced restatement, as well as for a review of contract cost reporting issues in connection with several projects in the Company's Heat Recovery segment. Upon completion and filing of its Form 10-K for 2005, on which it is moving forward as expeditiously as possible, the Company will be able to file its Form 10-Q for the quarter ended March 31, 2006. 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 Contacts: Joseph Y. Kuo Partner Kekst & Company Tel: (212) 521-4800 Email: John M. Matheson Executive Vice President and Chief Operating Officer Global Power Equipment Group Inc. Tel: (918) 488-0828 Email: DATASOURCE: Global Power Equipment Group Inc. CONTACT: Joseph Y. Kuo, Partner of Kekst & Company, +1-212-521-4800, or , for Global Power Equipment Group Inc.; or John M. Matheson, Executive Vice President and Chief Operating Officer of Global Power Equipment Group Inc., +1-918-488-0828, or Web site: http://www.globalpower.com/

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