NEW YORK--(BUSINESS WIRE)--Jul. 9, 2009-- GlobalOptions Group, Inc. (NASDAQ: GLOI), a leading provider of domestic and international risk mitigation and management services, today announced that its Fraud & SIU Services unit has signed a three-year contract with ULLICO, Inc. to serve as the exclusive provider of investigative and SIU services for the company and its subsidiaries including ULLICO Casualty Company and The Union Labor Life Insurance Company. GlobalOptions will provide SIU and surveillance services to assist in exposing potential insurance fraud.

“GlobalOptions Group is very proud to provide its Fraud and SIU services to ULLICO, which provides insurance to such an important branch of our population – organized labor,” said Dr. Harvey Schiller, Chairman and CEO of GlobalOptions Group. “We take pride in the fact that we have set the standard in Fraud and SIU services, and that our expertise has translated into the expansion of our business and additional contracts with such prestigious corporations.”

GlobalOptions will use its enhanced GlobalTrak™ proprietary enterprise risk mitigation and management solution as part of the service offering to ULLICO. It offers a full suite of risk management tools, including 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.

“We chose GlobalOptions’ Fraud & SIU division for their proven track record in helping companies manage risk and identify fraud across all areas of the insurance spectrum. As we cater to a specific clientele, we are especially pleased to work with the recognized leader in their field,” said Craig Arneson, AVP Operations of ULLICO.

About ULLICO Inc.

ULLICO Inc., with $5.3 billion in total assets under management, is an insurance and financial services holding company. ULLICO's Inc.'s subsidiary companies include The Union Labor Life Insurance Company; ULLICO Investment Advisors, Inc.; ULLICO Investment Company; ULLICO Casualty Company; and ULLICO Casualty Group. Since 1927, the ULLICO Family of Companies has offered quality insurance and investment products and services to serve its single most important client, the American labor movement. For additional information, visit www.ullico.com.

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. We deliver risk mitigation and management services through four business units: Preparedness Services; Fraud and Special Investigations Unit Services; Security Consulting and Investigations; and International Strategies. 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 1995, 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 acquired businesses, projected financial information and the continued successful implementation of the Company's business strategy.

Certain of these risks and uncertainties are 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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