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Global Power Provides Update on Reporting 2016 Financials
Jun 28, 2017
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IRVING, Texas--(BUSINESS WIRE)--
Global
Power Equipment Group Inc. (OTC: GLPW) ("Global Power" or the
"Company") today announced that, due to the complexity of reconciling
and conforming 2016 methodologies following the restatement of its 2015
and prior financial statements, the finalization of its Decem...
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Global Power Announces Pending Refinancing
Jun 12, 2017
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IRVING, Texas--(BUSINESS WIRE)--
Global
Power Equipment Group Inc. (OTC:GLPW) ("Global Power" or the
"Company") announced today that funds affiliated with Centre Lane
Partners, LLC ("Centre Lane") have purchased the Company's outstanding
debt from the lenders under the Company's existing credit agreement...
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Global Power Provides Expected Timing for Filing 2016 Financial Results
Apr 27, 2017
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IRVING, Texas--(BUSINESS WIRE)--
Global
Power Equipment Group Inc. (OTC:GLPW) ("Global Power" or the
"Company") announced today that it expects to file with the Securities
and Exchange Commission its Annual Report on Form 10-K for 2016 by the
end of June 2017. The Company's financial statements for 2016 ...
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Global Power Provides Financial Results for 2015 and Restated Prior Periods
Mar 15, 2017
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IRVING, Texas, March 15, 2017 (GLOBE NEWSWIRE) -- Global Power Equipment Group Inc. (OTC:GLPW) ("Global Power" or the "Company") today reported its financial results for 2015, restated financial results for prior periods and preliminary 2016 financial result expectations. The Company also announced the completion of its restatement and the filin...
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Global Power Equipment Group Announces 2015 Results and Restated Prior Periods Conference Call and Webcast
Mar 15, 2017
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IRVING, Texas, March 15, 2017 (GLOBE NEWSWIRE) -- Global Power Equipment Group Inc. (OTC:GLPW) ("Global Power" or the "Company") will release its 2015 results and restated prior periods after the close of financial markets on Wednesday, March 15, 2017.
The Company will host a conference call and webcast to review these results and restated p...
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Global Power Reports on Delay in Schedule for Financial Reporting
Feb 24, 2017
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IRVING, Texas, Feb. 24, 2017 (GLOBE NEWSWIRE) -- Global Power Equipment Group Inc. (OTC:GLPW) ("Global Power" or the "Company") reported today that, after consultation with its auditors, it has determined that its Mechanical Solutions and Electrical Solutions segments do not meet the required criteria to be aggregated into the Product Solutions r...
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Global Power Announces Sale of Hetsco, Inc. and Expectations for Financial Reporting
Jan 17, 2017
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IRVING, Texas, Jan. 17, 2017 (GLOBE NEWSWIRE) -- Global Power Equipment Group Inc. (OTC:GLPW) ("Global Power" or the "Company") today announced that it has sold the stock of Hetsco, Inc., a wholly-owned subsidiary, to Chart Industries, Inc. (NASDAQ:GTLS) for approximately $22 million in cash. Reported as part of the Services segment, Hetsco prov...
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Global Power Completes Property Transactions
Jan 3, 2017
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IRVING, Texas, Jan. 03, 2017 (GLOBE NEWSWIRE) -- Global Power Equipment Group Inc. (OTC:GLPW) ("Global Power" or the "Company") today announced that it has completed the previously described sale-leaseback transactions for its U.S. facilities located in Franklin, Indiana, Auburn, Massachusetts and Houston, Texas. Under the terms of the transacti...
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CBW Formed as Joint Venture Between CarterBrothers Services and Williams Industrial Services Group
Dec 13, 2016
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EAST POINT, Ga., Dec. 13, 2016 (GLOBE NEWSWIRE) -- CarterBrothers Williams ("CBW") announced its formation as a contractual joint venture between Williams Industrial Services Group ("Williams"), a wholly-owned subsidiary of Global Power Equipment Group Inc. (OTC:GLPW) ("Global Power"), and CarterBrothers Services ("CarterBrothers"). CBW will be ...
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Global Power Provides Update on Restatement Process
Dec 12, 2016
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IRVING, Texas, Dec. 12, 2016 (GLOBE NEWSWIRE) -- Global Power Equipment Group Inc. (OTC:GLPW) ("Global Power" or the "Company") today announced that it no longer expects that it will become current with its Securities and Exchange Commission (SEC) reporting obligations by December 31, 2016, as previously announced. The Company expects to provide...
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Global Power Provides Update on Liquidity Initiatives
Nov 29, 2016
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IRVING, Texas, Nov. 29, 2016 (GLOBE NEWSWIRE) -- Global Power Equipment Group Inc. (OTC:GLPW) ("Global Power" or the "Company") announced today that it has signed definitive agreements in its effort to monetize assets and reduce indebtedness.
The Company has agreed to the sale of three of its U.S. facilities for $14.8 million. As part of th...
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Global Power Confirms Expected Timing for Filing Financial Statements
Oct 31, 2016
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IRVING, Texas, Oct. 31, 2016 (GLOBE NEWSWIRE) -- Global Power Equipment Group Inc. (OTC:GLPW) ("Global Power" or the "Company") today confirmed that it expects to become current with its Securities and Exchange Commission (SEC) reporting obligations no later than December 31, 2016. Becoming current includes the filing of an Annual Report on Form...
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Global Power Provides Update on Restatement Process and Financial Position
Sep 28, 2016
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IRVING, Texas, Sept. 28, 2016 (GLOBE NEWSWIRE) -- Global Power Equipment Group Inc. (OTC:GLPW) ("Global Power" or the "Company") today provided an update on the timing of when it expects to file its financial statements as well as its liquidity initiatives and financial position. It also announced expected goodwill and trade name impairments and...
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Global Power Announces Several Initiatives to Reduce Indebtedness and Structure for Profitable Growth
Aug 1, 2016
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Sold TOG business for cashInitiated process to sell Braden Mexico facilityEvaluating additional real estate assets to sell IRVING, Texas, Aug. 01, 2016 (GLOBE NEWSWIRE) -- Global Power Equipment Group Inc. (OTC:GLPW) ("Global Power") today announced that it has undertaken several initiatives to restructure its operations, lower its operating cos...
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Global Power Provides Planned Timing for Filing of Financial Statements for 2016, 2015 and Restated Prior Years
Jul 8, 2016
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Anticipates filing financial statements for 2015 and restated prior years on or about September 30Plans to file first and second quarter 2016 financials shortly thereafterAlso announces dissolution of independent special committee of the Board IRVING, Texas, July 08, 2016 (GLOBE NEWSWIRE) -- Global Power Equipment Group Inc. (OTC:GLPW) ("Global...
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Global Power Announces Appointment of Nelson Obus to its Board of Directors
Jun 28, 2016
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IRVING, Texas, June 28, 2016 (GLOBE NEWSWIRE) -- Global Power Equipment Group Inc. (OTC:GLPW) ("Global Power") today announced that it has appointed Nelson Obus, President of Wynnefield Capital, Inc., to its Board of Directors.
Charles Macaluso, Chairman of the Board, commented, "We look forward to benefiting from Nelson's breadth of ex...
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Global Power Announces Appointment of Two New Directors to its Board
Jun 1, 2016
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IRVING, Texas, June 01, 2016 (GLOBE NEWSWIRE) -- Global Power Equipment Group Inc. (OTC:GLPW) ("Global Power") today announced it has appointed two independent directors to its Board of Directors. Following this appointment, the Global Power Board of Directors now consists of 10 members. The newly appointed directors are as follows:
David...
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Global Power Announces NYSE Listing Extension as it Works to Complete Its Financial Restatement Process
Nov 23, 2015
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IRVING, Texas, Nov. 23, 2015 (GLOBE NEWSWIRE) -- Global Power Equipment Group Inc. (NYSE:GLPW) ("Global Power") today announced that the New York Stock Exchange (NYSE) granted an extension for continued listing and trading, and also remarked on its previously announced restatement of historical financial information and the status of its existing c...
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Williams Industrial Services Group, Subsidiary of Global Power Equipment Group, Announces Strategic Alliance With CarterBrothers Services
Oct 16, 2015
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TUCKER, Ga., Oct. 16, 2015 (GLOBE NEWSWIRE) -- Williams Industrial Services Group ("Williams") (www.wisgrp.com), a wholly-owned subsidiary of Global Power Equipment Group Inc. (NYSE:GLPW) ("Global Power"), announced today that it has entered into a strategic growth alliance with CarterBrothers Services ("CarterBrothers") (www.carterbrothers.com). U...
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Global Power Appoints Robert B. Mills and Gary J. Taylor to Board of Directors
Oct 13, 2015
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IRVING, Texas, Oct. 13, 2015 (GLOBE NEWSWIRE) -- Global Power Equipment Group Inc. (NYSE:GLPW) ("Global Power" or the "Company") announced today that its Board of Directors appointed Gary J. Taylor and Robert B. Mills to its Board of Directors effective October 8, 2015.
Charles Macaluso, Chairman of the Board, commented, "Gary and Bob are t...
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