GlobalOptions Will Serve As Insurance Fraud Consultant for all Subsidiaries of Reinsurance Industry Leader
NEW YORK--(BUSINESS WIRE)--Jan. 22, 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 a leading reinsurance corporation to serve as a preferred provider of investigative services for the Company and all of its subsidiaries. GlobalOptions will provide SIU and surveillance services to assist in exposing potential insurance fraud.
"The scope of this assignment is truly a vote of confidence in our capabilities, and we're looking forward to working together to help manage and identify insurance fraud with the ultimate goal of providing bottom-line results for the company and its subsidiaries," said Halsey Fischer, President of GlobalOptions Group's Fraud & SIU unit.
GlobalOptions will use its enhanced GlobalTrak(TM) proprietary enterprise risk mitigation and management solution. 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.
"GlobalOptions Group is very proud of its expertise in the insurance industry, and looks forward to bolstering its reputation within the industry through additional contracts and expanded customer relationships -- all earned by the results we achieve for our clients. This particular contract is another testament to the outstanding work of the company's Fraud & SIU unit," said Dr.
Harvey Schiller, Chairman and CEO of GlobalOptions Group.
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.
CONTACT: Lippert/Heilshorn & Associates
PR: Jules Abraham
IR: Jody Burfening
Source: GlobalOptions Group, Inc.