NEW YORK, May 28, 2009 (BUSINESS WIRE) -- GlobalOptions Group, Inc. (NASDAQ: GLOI), a leading provider of domestic and international risk management services, today announced enhancements to the GlobalTrak(TM) 2.0 Risk Management System, its proprietary enterprise risk mitigation and management solution for customers who are investigating fraud and potential fraud. GlobalTrak is used by insurance carriers, third-party administrators, legal firms, public entities and Fortune 500 companies that must battle fraud.

GlobalTrak offers a full suite of risk management tools, including background information, evidence processing and management and audio and video surveillance file management. It also provides client companies with contacts and status reports in real time, allowing more efficient internal management of assignments, evidence, and reporting. The objectives of GlobalTrak 2.0 are to greatly improve client capabilities and decrease the total cycle time for active investigations by 15-20 percent, helping clients reduce the cost of their total claim outcome.

The enhancements to the GlobalTrak 2.0 Risk Management System provide GlobalTrack users greater internal efficiencies, which result in streamlined processes and further cost savings, including:

• Integration with mapping software, allowing GlobalTrak users to determine investigator proximity to a subject during case assignment, visualizing investigator density within a geographical area and case proximity to other areas. This allows for a more efficient caseload assignment and reduced travel expenses.
• Integrated invoicing systems, which automatically transfer GlobalTrak case billing information to GlobalOptions' accounting system. Other similar enhancements allow all billing information (time spent on a case, mailing labels, elimination of duplicate entries, etc.) to be integrated into the invoicing system allowing for easier billing process, reducing both time and costs for both GlobalOptions and its clients.
• Case data audit systems that identify key changes made to investigations and assignment data, ensuing that the internal systems remain up to date. This capability is restricted to specific users to ensure that no unauthorized changes can be made to case data.

"GlobalOptions is constantly upgrading our already industry-leading technology to provide our clients the most highly efficient, end-to-end solutions for handling the claims investigation process for companies that need risk management support," said Frank Pinder, President of GlobalOptions' Fraud & SIU. "We invite clients to stay tuned for still more GlobalTrak enhancements during 2009."

About GlobalOptions Group, Inc.

GlobalOptions, with headquarters in New York City and offices in 16 cities, is an integrated provider of risk mitigation and management services to government entities, FORTUNE 1000 corporations and high net-worth and high-profile individuals throughout the world. We enable clients to identify, assess and prevent natural and man-made threats to the well-being of individuals and the operations of governments and corporations. In addition, we assist our clients in recovering from the damages or losses resulting from the occurrence of acts of terror, natural disasters, fraud and other risks. Our services currently include risk management, security, investigations, litigation support, anti-fraud solutions, business intelligence, and crisis management and preparedness services. Additional information can be found at www.globaloptions.com.

Statements in this press release regarding the company's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. The company wishes to caution readers not to place undue reliance on such forward-looking statements, which statements are made pursuant to the Private Securities Litigation Reform Act of 1994, and as such, speak only as of the date made. To the extent the content of this press release includes forward-looking statements, they involve various risks and uncertainties including the successful integration of the acquired businesses, projected financial information, and the continued successful implementation of the company's business strategy.

Certain of these risks and uncertainties will be described in greater detail in GlobalOptions Group's filings with the Securities and Exchange Commission. GlobalOptions Group is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

SOURCE: GlobalOptions Group, Inc.

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