Global Power Equipment Group Inc. (Pink Sheets: GEGQQ) ("Global Power" or the "Company") today announced that on September 10, 2007 it filed its Plan of Reorganization (the "Plan") and Disclosure Statement with the U.S. Bankruptcy Court in Wilmington, Delaware. A hearing to approve the Disclosure Statement is set for October 9, 2007.

The Plan contains all the elements of the agreement reached with key constituents of the Chapter 11 case as described in the Company's press release of August 28, 2007, including a rights offering available to all existing equity holders, a proposed settlement of the claim of subordinated Noteholders, a proposed settlement of the claims of the Company's Deltak subsidiary, and payment in full of the allowed claims of creditors against the Company and its Williams and Braden subsidiaries.

John Matheson, President and Chief Executive Officer of Global Power, said, "With this filing we have set forth the plan and time frame for the Company's emergence from Chapter 11 in a timely manner. Achieving this important milestone allows us to continue to strengthen our business relationships at Deltak's Specialty Boiler Systems unit, at Braden and at Williams. Going forward we will continue to make our on-going businesses leaders in their respective fields in customer service and satisfaction."

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 40 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. The Company believes that, 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 routine and specialty maintenance services to nuclear, coal-fired, fossil, and hydroelectric power plants and other industrial operations. Additional information about Global Power Equipment Group may be found at http://www.globalpower.com.

Statements contained in this release regarding the Company's or management's intentions, beliefs, expectations, or predictions for the future, including, but not limited to, those regarding anticipated operations and operating results, are forward-looking statements within the meaning of U.S. federal securities laws and are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected, including, but not limited to, completion of the audit of the Company's restated financial statements and 2005 annual financial statements; completion of the Company's 2005 and 2006 financial statements; the ability of the Company to continue as a going concern; the ability of the Company to operate pursuant to the terms of any debtor-in-possession financing facility; the ability of the Company to obtain and maintain normal terms with vendors, suppliers and service providers; the Company's ability to maintain contracts that are critical to its operations; the potential adverse impact of the pending Chapter 11 cases filed by the Company and all of its U.S. subsidiaries on September 28, 2006 in the United States Bankruptcy Court for the District of Delaware (the "Chapter 11 cases") on the Company's ability to reorganize their financial affairs and on the Company's liquidity or results of operations; the ability of the Company to fund and execute its business plan; the ability of the Company to attract, motivate and/or retain key executives and managers and employees; the ability of the Company to attract and retain customers; the Company's ability to obtain court approval with respect to motions in the Chapter 11 cases prosecuted by it from time to time; risks associated with third parties seeking and obtaining court approval to terminate or shorten the exclusivity period for the Company to propose and confirm one or more plans of reorganization, for the appointment of a Chapter 11 trustee or to convert the cases to Chapter 7 cases; and the ability of the Company to develop, prosecute, confirm and consummate one or more plans of reorganization with respect to the Chapter 11 cases. Some of the other factors that could cause actual results to differ materially from those in, or implied by, the forward looking statements, include decreased demand for new gas turbine power plants; the loss of any of the Company's major customers; the cancellation of projects; project cost overruns, including increases in prices for energy or for materials such as steel, and unforeseen schedule delays; competition for the sale of the Company's products or services; poor performance by the Company's subcontractors; warranty and product liability claims; changes in the economic, social and political conditions in the countries in which the Company operates, including fluctuations in foreign currency exchange rates; and other factors set forth under "Risk Factors" in the Company's Form 10-K for the period ended December 31, 2004, and other reports on file with the U.S. Securities and Exchange Commission. The Company assumes no obligation to update publicly such forward-looking statements, whether as a result of new information, future events or otherwise.