GlobalOptions Wins Three Year Contract from Southern Eagle Insurance Company

NEW YORK--(BUSINESS WIRE)--GlobalOptions Group (NASDAQ: GLOI), a leading provider of domestic and international risk management services, announced that its Fraud and SIU unit has been awarded a three year contract from Southern Eagle Insurance Company. GlobalOptions Fraud & SIU will serve as a preferred provider of investigative services for Southern Eagle and will perform SIU and surveillance services to assist in exposing potential insurance fraud. Southern Eagle Insurance is a leading provider of workers’ compensation insurance to companies throughout Florida.

“We are pleased to have this opportunity to work with Southern Eagle Insurance, which has had a successful track record in the field of workers’ compensation,” said Halsey Fischer, president of GlobalOptions Fraud & SIU. “We are confident we will add value to its efforts to combat fraud.

“We are pleased to partner with GlobalOptions Group, which has developed a comprehensive and successful organization that has the techniques and infrastructure to help insurance companies identify, track and, ultimately, combat insurance fraud,” said Dan Robertson, president, Southern Eagle Insurance Company.

GlobalOptions will use its enhanced GlobalTrak™ 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.

About Southern Eagle Insurance Company

Southern Eagle Insurance Company, based in Bradenton, Fla., provides workers’ compensation insurance options to companies, helping protect their business and employees by identifying and implementing sound risk management practices. Southern Eagle Insurance Company helps make the workplace safer by providing workers' compensation insurance options and loss prevention services including customizable safety programs.

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 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 acquired businesses and revenue run rates.

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.