San Diego, CA -- (SBWIRE) -- 05/13/2015 -- An investigation on behalf of investors of Global Power Equipment Group Inc (NYSE:GLPW) shares over potential securities laws violations by Global Power Equipment Group and certain of its directors and officers in connection certain financial statements was announced.

Investors who purchased shares of Global Power Equipment Group Inc (NYSE:GLPW) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Global Power Equipment Group Inc (NYSE:GLPW) concerning whether a series of statements by Global Power Equipment Group regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On May 6, 2015, Global Power Equipment Group Inc announced that its financial statements for the annual period ended December 31, 2014 should not be relied upon and will be restated due to errors resulting in an understatement of the Company's cost of sales in the quarterly and annual periods ended December 31, 2014. Shares of Global Power Equipment Group Inc (NYSE:GLPW) declined on May 7, 2105, to as low as $

Shares of Global Power Equipment Group Inc (NYSE:GLPW) declined from $20.72 per share in October 2013 to as low as $11.22 per share in October 2014. Global Power Equipment Group Inc reported that its annual Total Revenue rose from $484.22 million to $538.54 million and that its Net Income declined from $11.79 million to $11.15 million.

Those who purchased shares of Global Power Equipment Group Inc (NYSE:GLPW) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com