NEW YORK, Apr 26, 2010 (BUSINESS WIRE) --GlobalOptions Group, Inc. (NASDAQ: GLOI), a leading provider of domestic and international risk management services, today announced the release of its proprietary GlobalTrak(TM) 3.0 Risk Management System. The enhanced application will facilitate and streamline all aspects of insurance claims investigations by consolidating investigative data, media and tools into a single web-based portal.

GlobalTrak(TM) 3.0, the state-of-the-art, proprietary online risk mitigation and management solution will directly impact the insurance fraud industry by reducing costs and increasing the speed in which cases are processed. The benefits will reach all areas of the industry including insurance carriers, third-party administrators, legal firms, public entities and Fortune 500 companies, empowering thousands, who investigate suspected claims of fraud to manage resources more efficiently, and effectively. The innovative features and functions in the system will:

- Empower enterprise users with advanced tools to dramatically increase manageability of the insurance claim investigation process,

- Provide additional real-time functions of RapidData(TM) All Phones Report, RapidData(TM) Accident Report, and RapidData(TM) Premier Comprehensive Report, with the ability to immediately order physical police reports, online, and integrate them with case reports and video based data,

- Superior utilization of the sophisticated underlying RapidData(TM) integration architecture, taking advantage of additional data availability from an integrated third-party data provider

The secure and simplified system of GlobalTrak(TM) 3.0 will significantly save their clients time and money, allowing them to instantly access a comprehensive claim investigation file. This efficiency contributes to more rapid processing of insurance claims with greater detail, and faster completion of the fraud investigations. The new and enhanced solutions provide additional tools to the user to investigate potential claims fraud from all angles.

"The enhancements we have made to the GlobalTrak(TM) platform extend the capabilities available to our clients to mitigate their claims exposure through our aggregated data products", said Franklin Pinder, President of GlobalOptions Fraud & SIU division. "Further, we remain committed to providing our clients with industry leading tools to manage the review of potentially fraudulent claims and will continue to innovate to that end."

Franklin Pinder and the entire GlobalOptions team invite attendees of the Risk and Insurance Management Society (RIMS) conference in Boston, Monday, April 26, through Wednesday, April 28, 2010, to booth #2009 for a demonstration of GlobalTrak(TM) 3.0 state-of-the-art advancements.

GlobalOptions Group, Inc.

GlobalOptions Group (NASDAQ: GLOI), 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 is available 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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