Business Services Industry
GlobalOptions Group Clarifies USPS Award
Business Wire, Oct 16, 2007
NEW YORK -- GlobalOptions Group, Inc. (NASDAQ: GLOI), a leading provider of domestic and international risk mitigation and management services, today clarified that, in the press release dated October 10, 2007, the award for a pilot program is with the United States Postal Service's Office of Inspector General. GlobalOptions will work with the Office of Inspector General's Workers Compensation Analyst (WCA) program to investigate and combat workers compensation fraud.
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. Our services currently include risk management, security, investigations and litigation support, anti-fraud solutions and business intelligence, and crisis management and preparedness services. Additional information can be found at www.globaloptions.com.
About The USPS Office of Inspector General
The U.S. Postal Service Office of Inspector General (USPS OIG) plays a key role in maintaining the integrity and accountability of America's postal service, its revenue and assets, and its employees. With $73 billion in revenue, the Postal Service is at the core of a $900 billion mailing industry that employs more than nine million people. The 800,000 employees and contractors of the Postal Service comprise the largest civilian federal workforce in the country. Delivering more than 213 billion pieces of mail yearly to 146 million delivery points and operating 37,000 postal facilities, America's postal system is one of the government's most trusted entities. The USPS OIG, an independent agency within the Postal Service under the general supervision of nine presidentially appointed governors, employs more than 1,100 auditors, investigators, and professional support personnel stationed in more than 90 offices to meet the challenge of preserving this trust. (www.uspsoig.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.
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