NEWS RELEASE: GlobalOptions Group Expands International Crisis and Preparedness Services Unit
News Release
GlobalOptions Group Expands International Crisis and
Preparedness Services Unit
James Lee Witt to Kick-off Expansion at Conference in Greece
NEW YORK--(BUSINESS WIRE)--April 2, 2008--GlobalOptions Group, Inc. (NASDAQ: GLOI), a leading provider of domestic and international risk management services, today announced that James Lee Witt Associates (JLWA), its Crisis Management and Preparedness unit, is expanding its international services practice. The JLWA International Practice signifies rapid growth since its founding in 2001 in the domestic market in the United States. JLWA will provide the same crisis and consequence management and strategic advisory service offerings that it provides domestically.
Coinciding with the expansion of JLWA's International Practice, James Lee Witt, Chief Executive Officer of JLWA is the keynote speaker at the Harvard School of Public Health's Forest Fires Prevention Conference today in Athens, Greece. It is being held in conjunction with the Cyprus International Institute for the Environment and the University of Athens. Because of the devastating 2007 wildfires, the aim of the conference is to encourage partnerships among business, government, universities, and other organizations to produce sustainable measures that will prevent and mitigate the effects of forest fires in Greece and the Eastern Mediterranean.
"Bringing this discussion to the international market will help other countries develop and implement disaster prevention programs to protect their own infrastructure," said James Lee Witt, Chief Executive Officer of James Lee Witt Associates. "I am also happy to bring with me my experiences as the Director of the Federal Emergency Management Agency, but also show how countries attending this Harvard Conference can secure a national commitment to disaster prevention."
Gloria Cabe will serve as the director of this practice, based in Washington, D.C. Cabe along with Witt, advised many countries in their disaster efforts, such as the affected countries of the Indian Ocean Tsunami as well as various countries in the Caribbean devastated by natural disasters. JLWA has one of the most experienced teams of mitigation specialists in the industry, having provided extensive support to clients both domestically and internationally.
"We are thrilled about the opportunity to expand into new markets all over the globe," said Dr. Harvey Schiller, Chairman and Chief Executive Officer of GlobalOptions Group. "No matter what country, the same basic principles can be applied when it comes to preparing for and responding to disasters, and we are excited to help make communities safer worldwide."
JLWA's international practice is working with the United Nations International Strategy for Disaster Reduction (UNISDR) to develop local public-private partnerships on disaster risk reduction and advising a major multi-national Fortune 500 company with its evacuation planning in Mexico City.
GlobalOptions Group
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.globaloptionsgroup.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.
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