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GlobalOptions Surpasses Key Growth Milestones with Advanced Anti-Fraud Technology Solutions
GlobalTrak™ RapidData™ and RapidVideo™ Quickly Becoming
Industry Standard in Loss Prevention
NEW YORK, July 15, 2010 – GlobalOptions Group, Inc. (NASDAQ: GLOI), a leading provider of domestic and international risk management services, announced that GlobalTrak™ is used successfully in the insurance, fraud, investigative and security industries. As the most effective solution for case and project resolution GlobalTrak saves time and money. Since the launch of RapidData™ and RapidVideo™ in 2009, the systems have surpassed the 100,000 case milestone, making GlobalTrak™ one of the most adopted new technologies in the industry today.
“When we launched the GlobalTrak™ system, we knew it would add value and savings in terms of man hours and capital. ” said Franklin Pinder, president of GlobalOptions’ Fraud & SIU division. “We think these milestones are a clear indication of GlobalTrak™, setting the new industry standard in cost and time efficient technology.
GlobalTrak™ is an advanced, proprietary online risk mitigation and management solution that drastically improves the way insurance, fraud investigators and administrators conduct business. Increased efficiency in case processing, because of the real-time functions of RapidData™ and RapidVideo™, give users the ability to immediately order various reports, online, integrating them with case reports and video in a matter of hours, streamlining a process which used to take days.
GlobalTrak™ is a “green” system reducing the utilization of materials and energy, across multiple industries. With a more comprehensive view of the insurance and investigative industries, we invested in the advancement of our technology, and the resources to help improve the environment where we operate.
Through technological advancements, the industry will become stewards of the environment by consolidating the data, media and tools into a digital electronic format during the course of an investigation, eliminating the use for traditional shipping, copying and logging of evidence.
GlobalOptions Group
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.
Lippert Heilshorn & Assoc.
Steve Piork
212-838-3777 spiork@lhai.com
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