GlobalOptions Group Receives Emergency Preparedness Contract from Port Authority of N.Y. and N.J.
Contract Will Review, Analyze and Improve Emergency Operations Plans for Regional Transportation Systems
NEW YORK--(BUSINESS WIRE)--June 23, 2008--GlobalOptions Group, Inc. (NASDAQ: GLOI), a leading provider of domestic and international risk management services, today announced that its Crisis Management and Preparedness Services unit, James Lee Witt Associates (JLWA), has been retained by The Port Authority of New York and New Jersey to provide professional emergency management and preparedness services associated with the Authority's 1,500 square miles of transportation infrastructure and dozens of facilities in the bi-state area.
James Lee Witt Associates will develop the Port Authority's Office of Emergency Management's (OEM) Corporate Emergency Operations Plan (EOP) across the spectrum of Port Authority transportation modes, including the region's major airports, interstate tunnels, bridges, maritime ports, PATH rapid rail transit system, bus terminal and other corporate facilities. The contract will consist of reviewing, analyzing and making recommendations on these venue emergency operations plans.
"We are ready to assist the Port Authority in any way we can in the development of their emergency plans," said James Lee Witt, Chief Executive Officer, James Lee Witt Associates. "James Lee Witt Associates is extremely aware of both the critical role the Port Authority plays in the overall regional emergency management strategy, and of the requirement that the Authority needs to provide the highest level and capability of preparedness for an effective response, recovery and mitigation."
James Lee Witt Associates has unrivaled experience with preparedness, planning, project implementation, and disaster recovery for dozens of major municipalities, counties, and states. Witt Associates also brings a multitude of experts in disaster recovery with experience in small, large, and even catastrophic disasters, including playing a major role in the recovery of Louisiana after Hurricanes Katrina and Rita since 2005.
"James Lee Witt and our crisis management and preparedness services unit have a proven track record in helping regions plan effectively for all kinds of disasters, and we're proud to have them supporting The Port Authority's efforts to become more capable and disaster resistant," said Dr. Harvey Schiller, Chairman, GlobalOptions Group, Inc. "This is another indicator of the leadership role that our company is playing nationwide and internationally in preparedness, as well as crisis and consequence management."
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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