GlobalOptions Group Signs Three Year, $3 Million Contract With Leading Workers Comp...

GlobalOptions Group Signs Three Year, $3 Million Contract With Leading Workers Comp Provider

GlobalOptions to Serve as Exclusive Investigative Services
Provider
NEW YORK--(Business Wire)--GlobalOptions Group, Inc. (NASDAQ: GLOI), a leading provider of
domestic and international risk management services, today announced
that it has entered into a three-year agreement to serve as the
exclusive provider of investigative services for an established
workers' compensation third-party administrator in Pennsylvania and a
Managed Care Organization (MCO) in New Jersey. The contract, which
begins in February, will have a potential revenue value of up to $3
million over the course of three years.

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

According to Halsey Fischer, President of GlobalOptions' Fraud and
SIU Services Division, the company will assist in the claims
investigation process. "Working hand in hand with our client, we will
begin providing surveillance and investigative expertise to their
claims department," said Mr. Fischer. "I'm confident that our capable
team and advanced technology will exceed their expectations and
provide cost efficiencies over time."

GlobalOptions will incorporate its state-of-the-art technology and
advanced business practices to enable the third-party
administrator/client to centralize its investigative efforts on a
national level and to minimize the impact of fraud on its customers.

About GlobalOptions Group, Inc.

GlobalOptions Group, with headquarters in New York City and
offices in 16 cities, is a provider of high-end risk assessment and
mitigation services to Fortune 1000 corporations, governmental
organizations and high-profile individuals throughout the world.
GlobalOptions Group's services currently include risk management and
security, investigations and litigation support, and crisis
management. These engagements take GlobalOptions Group staff around
the world and are typically highly-sensitive engagements where
GlobalOptions Group is interacting with senior leaders in corporations
and governments. Its overall mission is to identify, evaluate, assess,
prevent and correct issues that may threaten people, organizations or
strategic initiatives for corporations or governments.
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
PR
Dolores Naney, 212-201-6635
dnaney@lhai.com
or
IR
Jody Burfening, 212-838-3777
jburfening@lhai.com

Copyright Business Wire 2008