GlobalOptions Group Signs Three-Year Contract with Insurance Company Affiliated with U.S. Automotive Manufacturer

NEW YORK--GlobalOptions Group, Inc. , a leading provider of domestic and international risk mitigation and management services, today announced that its Fraud & SIU Services division has signed a three-year contract with the insurance company affiliated with a U.S. automobile manufacturer to perform surveillance and related investigations to help combat insurance fraud. The insurance company, which asked that its name be withheld, provides essential protection for dealerships and their employees and customers.

GlobalOptions’ Fraud and SIU Services Division will perform surveillance and background related investigations to assist in exposing any case of potential insurance fraud. Using its proprietary GlobakTrak™ system, GlobalOptions will also develop and host a customized web site that will allow the customer’s claims staff to monitor cases from their desktops – with real-time access via a secure Web portal.

The GlobalOptions GlobalTrak system offers its clients a convenient and comprehensive reporting and communications system. With GlobalTrak, all relative data is funneled into a single portal where information related to assignments given the company -- including video and audio – can be accessed. This enables claims managers to make strategic decisions faster and with more confidence.

“This contract underscores the value delivered by GlobalOptions’ Fraud & SIU unit to insurance industry providers by contributing to their bottom-line goal of reducing fraud. They also recognize that the GlobalTrak system is a true differentiator that will help them more efficiently manage and reduce fraud claims,” 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.