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GSE Holding, Inc. Announces Launch of Initial Public Offering

NEW YORK, Nov. 29, 2011 /PRNewswire/ -- GSE Holding, Inc. announced today that it has commenced an initial public offering of 9,000,000 shares of its common stock pursuant to a registration statement on Form S-1 filed with the U.S. Securities and Exchange Commission. GSE Holding, Inc. is offering 5,400,000 shares of its common stock and certain selling stockholders are offering 3,600,000 shares of its common stock. The underwriters will be granted a 30-day over-allotment option to purchase up to 1,350,000 additional shares.

Oppenheimer & Co. Inc. and FBR Capital Markets & Co. are acting as joint book-running managers for the offering. William Blair & Company L.L.C., BMO Capital Markets Corp. and Macquarie Capital (USA) Inc. are acting as co-managers for the offering. The offering is being made by means of a prospectus, copies of which may be obtained by sending a request to one of the following: Oppenheimer & Co. Inc., Attention: Syndicate Prospectus Department, 300 Madison Avenue, 4th Floor, New York, New York 10017, Telephone: 212-667-8563, Email: EquityProspectus@opco.com; and FBR Capital Markets & Co., Attention: Syndicate Prospectus Department, 1001 Nineteenth Street North, Arlington, Virginia 22209, Telephone: 703-312-9500, Email: prospectuses@fbr.com.

A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission, but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time that the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of any offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About GSE Holding, Inc.

GSE Holding, Inc., a Delaware corporation, is a leading global provider of highly engineered geosynthetic containment solutions for environmental protection and confinement applications. Its products are used in a wide range of infrastructure end markets such as mining, waste management, liquid containment (including water infrastructure, agriculture and aquaculture), coal ash containment and shale oil and gas. The company is headquartered in Houston, Texas and is a portfolio company of CHS Capital LLC, a Chicago-based private equity firm.

CONTACT: Cade Kohoutek, Phone: 281-230-6733, Email: ckohoutek@gseworld.com

About GSE

GSE is a leading manufacturer and marketer of geosynthetic lining products and services. We've built a reputation of reliability through our dedication to providing consistency of product, price and protection to our global customers.

Our commitment to innovation, our focus on quality and our industry expertise allow us the flexibility to collaborate with our clients to develop a custom, purpose-fit solution.