Exhibit 99.1

GP STRATEGIES REPORTS 79% INCREASE IN FOURTH QUARTER 2010 OPERATING INCOME

Elkridge, MD. March 3, 2011. GP Strategies Corporation (NYSE: GPX), a global performance improvement solutions provider of sales and technical training, e-Learning solutions, management consulting and engineering services through its principal operating subsidiary General Physics Corporation, today reported financial results for the quarter and year ended December 31, 2010.

Overview of Fourth Quarter 2010 Results:

·                  Revenue increased 23% to $70.8 million for fourth quarter of 2010 from $57.8 million for fourth quarter of 2009

·                  Operating income increased 79% to $6.2 million for fourth quarter of 2010 from $3.4 million for fourth quarter of 2009

·                  Adjusted EBITDA increased 55% to $7.2 million, or 10% of revenue, for fourth quarter of 2010 from $4.7 million, or 8% of revenue, for fourth quarter of 2009

·                  Cash and cash equivalents of $28.9 million as of December 31, 2010

The Company earned $0.23 per diluted share for the quarter ended December 31, 2010, compared to earnings of $0.13 per diluted share for the fourth quarter of 2009.  The Company achieved organic revenue growth of 8% during the fourth quarter of 2010 compared to 2009. Income before income tax expense increased $2.6 million or 74% during the fourth quarter of 2010 compared to 2009 primarily due to an increase in gross profit which resulted from improved revenue and margins. Net income was $4.3 million for the fourth quarter of 2010 compared to $2.0 million for the fourth quarter of 2009. Also contributing to increased net income for the fourth quarter of 2010 was a decrease in the Company’s effective income tax rate which was primarily due to a larger portion of income being derived from foreign jurisdictions which are taxed at lower rates, as well as other reductions in tax expense during the quarter, including: 1) a non-recurring deduction related to the closure of the Company’s Malaysian operations during 2010, and 2) a correction of immaterial errors in prior year tax provisions. Excluding the non-recurring income tax expense reductions which in total had a $0.04 per share impact to the quarter, earnings for the fourth quarter of 2010 was $0.19 per share.

“I am pleased to report another quarter of dramatically improved results for the quarter ended December 31, 2010, which were achieved from both organic growth and acquisitions,” said Scott N. Greenberg, Chief Executive Officer of GP Strategies. “During the fourth quarter and fiscal 2010, we increased the volume of business with existing customers while also winning new accounts, enabling us to grow both revenue and profit margins. Continuing our acquisition strategy, we successfully completed three 2010 acquisitions in the United Kingdom, further expanding our international presence in the European markets, and increasing the breadth of our training offerings. In addition, we are pleased to now have an increased presence in China due to our recently announced acquisition of the training business of Communication Consulting, which provides us with a stronger foundation to serve multinational customers. We will continue to evaluate strategic acquisitions to further develop our platform and services, while also maintaining focus on providing high quality and cost-effective award-winning solutions to our customers.”

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Balance Sheet and Cash Flow Highlights

As of December 31, 2010, the Company had cash and cash equivalents of $28.9 million compared to $10.8 million as of December 31, 2009. The Company had no short-term borrowings or long-term debt outstanding and $29.8 million of available borrowings under its revolving credit facility as of December 31, 2010. Cash provided by operating activities was $3.1 million for the quarter and $26.2 million for year ended December 31, 2010.

Investor Call

The Company has scheduled an investor conference call for 10:00 a.m. ET on March 3, 2011. In addition to prepared remarks from management, there will be a question and answer session on the call. The dial-in numbers for the live conference call will be 888-633-3324 or 973-935-8549 using conference ID number 47136991. A telephone replay of the call will also be available beginning at 11:00 a.m. on March 3rd until 11:59 p.m. on March 17th. To listen to the replay, dial 800-642-1687 or 706-645-9291, using conference ID number 47136991.

Presentation of Non-GAAP Information

This press release contains non-GAAP financial measures, including Adjusted EBITDA (earnings before interest, income taxes, depreciation and amortization). The Company believes this non-GAAP financial measure is useful to investors in evaluating the Company’s results. This measure should be considered in addition to, and not as a replacement for, or superior to, either net income, as an indicator of the Company’s operating performance, or cash flow, as a measure of the Company’s liquidity. In addition, because Adjusted EBITDA may not be calculated identically by all companies, the presentation here may not be comparable to other similarly titled measures of other companies. For a reconciliation of these non-GAAP financial measures to the most comparable GAAP equivalent, see the Non-GAAP Reconciliation — Adjusted EBITDA, along with related footnotes, below.

About GP Strategies Corporation

GP Strategies, whose principal operating subsidiary is General Physics Corporation (GP), is a NYSE-listed company (GPX). GP is a global performance improvement solutions provider of sales and technical training, e-Learning solutions, management consulting and engineering services. GP’s solutions improve the effectiveness of organizations by delivering innovative and superior training, consulting and business improvement services, customized to meet the specific needs of its clients. Clients include Fortune 500 companies, manufacturing, process and energy industries, and other commercial and government customers. Additional information may be found at www.gpworldwide.com.

Forward-Looking Statements

We make statements in this press release that are considered forward-looking statements within the meaning of the Securities Exchange Act of 1934. These statements are not guarantees of our future performance and are subject to risks, uncertainties and other important factors that could cause our actual performance or achievements to be materially different from those we project. For a full discussion of these risks, uncertainties and factors, we encourage you to read our documents on file with the Securities and Exchange Commission, including those set forth in our periodic reports under the forward-looking statements and risk factors sections. Except as required by law, we do not intend to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

TABLES FOLLOW

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GP STRATEGIES CORPORATION AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

(Dollars in thousands, except per share data)

(Unaudited)

(1)          The term Adjusted EBITDA (earnings before interest, income taxes, depreciation and amortization) is a non-GAAP financial measure that the Company believes is useful to investors in evaluating its results. For a reconciliation of this non-GAAP financial measure to the most comparable GAAP equivalent, see the Non-GAAP Reconciliation — Adjusted EBITDA, along with related footnotes, below.

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GP STRATEGIES CORPORATION AND SUBSIDIARIES

SUPPLEMENTAL FINANCIAL INFORMATION

(In thousands)

(Unaudited)

(2)          The operating loss for the Manufacturing & BPO segment for the year ended December 31, 2009 includes a $10,163,000 goodwill and intangible asset impairment loss recognized during the second quarter of 2009.

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Non-GAAP Reconciliation — Adjusted EBITDA

(Dollars in thousands)

(Unaudited)

(3)          Adjusted earnings before interest, income taxes, depreciation and amortization (Adjusted EBITDA) is a widely used non-GAAP financial measure of operating performance. It is presented as supplemental information that the Company believes is useful to investors to evaluate its results because it excludes certain items that are not directly related to the Company’s core operating performance. Adjusted EBITDA is calculated by adding back net interest expense, income tax expense, depreciation and amortization and goodwill impairment loss to net income. Adjusted EBITDA should not be considered as substitutes either for net income, as an indicator of the Company’s operating performance, or for cash flow, as a measure of the Company’s liquidity. In addition, because Adjusted EBITDA may not be calculated identically by all companies, the presentation here may not be comparable to other similarly titled measures of other companies.

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GP STRATEGIES CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands)

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C O N T A C T S:

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