GlobalOptions Group Expands Business in Middle East and Northern Africa
GlobalOptions Group Expands Business in Middle East and Northern Africa
NEW YORK, Jun 19, 2007 (BUSINESS WIRE) -- GlobalOptions Group, Inc. (OTCBB: GOPG), a leading provider of domestic and international risk management services, today announced that its James Lee Witt Associates unit (JLWA) has formed a multi-year agreement with Kuwait-based International Investors Group Holdings k.s.c.c. (IGH), to jointly provide emergency planning, crisis management, business continuity planning, training and exercises, and continuity of government services to governments and corporations throughout the Middle East and North Africa (MENA).
James Lee Witt, CEO, Mark Merritt, Senior Vice President and Partner, and James Jones, Director of Business Continuity Planning for James Lee Witt Associates, met with Mr. Sami Al-Bader, Chairman and Managing Director of International Investors Group (KSE: IIG), a subsidiary of IGH, in Kuwait last week to establish the MENA team. Under the agreement, GlobalOptions Group will provide subject matter expertise to clients in the region, and IIG will provide the logistical support necessary for them to carry out client activities.
"James Lee Witt is an acknowledged leader and highly respected emergency management expert, and IIG is pleased to be representing their unique products and services in the MENA region," commented Mr. Al-Bader. "JLWA's proven experience is unrivaled, and IIG believes that this relationship will bring superior disaster management and planning services to the region."
With IIG's assistance, JLWA will expand their client base in the MENA region with a particular focus on the Gulf Cooperation Council states, comprised of Kuwait, Saudi Arabia, Qatar, United Arab Emirates, Bahrain, and Oman. Additionally, JLWA and IIG will extend their scope of services to governments and businesses in Turkey, Syria, Egypt, Lebanon, Jordan, Iraq, Yemen, Sudan, Libya, Algeria, Tunisia and Morocco.
"We are pleased to be able to bring emergency planning and business continuity services to the Middle East and Northern Africa through this relationship with IIG," said Mr. Witt. "IIG provides GlobalOptions with access to new markets to expand our services, and we look forward to this three year relationship."
"The Middle East and Northern Africa represent strategic targets that we have identified to expand GlobalOptions' footprint," said Harvey Schiller, Chairman and CEO GlobalOptions Group. "We look forward to developing a strong and productive collaboration with Mr. Al-Bader and his team at IIG."
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. Additional information can be found at www.globaloptions.com
About James Lee Witt Associates
Founded in 2001, James Lee Witt Associates (JLWA), a part of the GlobalOptions Group, is a crisis management and preparedness unit of GlobalOptions Group based in Washington, D.C. with offices in Atlanta, Chicago, Little Rock, and Sacramento. Led by James Lee Witt, the FEMA Director under President Clinton, JLWA has unrivaled experience and hands-on knowledge of public safety, disaster response, continuity of operations, and emergency management issues. JLWA's management team and staff include some of the nations most notable and experienced disaster management experts, including General Wesley Clark, one of the nation's most distinguished retired military officers, who formerly served as NATO Supreme Allied Commander; and Rodney Slater, who formerly served as U.S. Secretary of Transportation. www.wittassociates.com
About International Investors Group
IIG currently owns, directly and indirectly, significant shareholdings in companies engaged in the real estate projects industry; the energy and oil industries; the services sector; the consumer and real estate finance industries; and the insurance industry. IIG also acts as a strategic initiator, architect and advisor on behalf of an integrated group of businesses engaged in Shari'a-compliant activities in a range of separate but related areas which offers IIG greater potential for growth and profitability. www.iigkw.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.
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