GSE Solutions Encourages Stockholders to VOTE FOR the AMENDED Merger

Merger Announcement: GSE Solutions has announced an all-cash merger with Pelican Energy Partners, offering stockholders $4.60 per share, which represents a significant premium over previous stock prices. The GSE Board of Directors unanimously supports the merger, citing it as the best option for maximizing shareholder value amidst financial challenges.

Financial Challenges and Alternatives: GSE faces substantial financial difficulties, including doubts about its ability to continue as a going concern, and has explored various alternatives that were deemed inferior to the merger proposal. The company is also experiencing competitive disadvantages due to its financial position, which has led to cost-cutting measures and a lack of bonuses for senior management.