James Lee Witt Associates Awarded Contract with U.S. Virgin Islands Office of Homeland Security (VIOHS)
Developing mitigation, response, and recovery plans
NEW YORK, July 7, 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 Division, has obtained a one-year contract by the U.S. Virgin Islands Office of Homeland Security (VIOHS) to provide subject matter expertise on a range of disaster preparedness, protection, response and recovery activities.
Witt Associates will assist the U.S. Virgin Islands in updating their current emergency operations plan as well as lead efforts to create both a continuity of operations plan (COOP) and a continuity of government (COG) plan to increase the territory's ability to prepare for and respond to future disasters. In addition, Witt Associates will provide technical assistance and guidance when the territory's emergency operations center is activated. Three Witt Associates subject matter experts in the areas of recovery mitigation, as well as a homeland security policy and emergency center operations will be available to the territory before, during and/or after a disaster occurs.
"We are continually expanding our services internationally in the Caribbean," said James Lee Witt, Chief Executive Officer, James Lee Witt Associates. "While we have done work in this region helping the Cayman Islands recover from Hurricane Ivan, we are looking forward to working towards mitigation efforts in the US Virgin Islands."
GlobalOptions Group's James Lee Witt Associates has one of the most experienced teams of mitigation specialists in the industry. It has developed and implemented mitigation planning processes and development plans for dozens of major municipalities, counties, and states, including the management and implementation of the State of Louisiana's nearly $2 billion Hazard Mitigation Grant Program in the wake of Hurricanes Katrina and Rita.
"With the recent onset of hurricane season, we are reminded how important it is to keep our plan updated and we are glad to have Witt Associates and the expertise of GlobalOptions Group on board to help us achieve an exemplary level of preparedness," said Mr. Mel Vanterpool, Director of the VIOHS. "Our biggest threat in the Caribbean is hurricanes, and we hope that other islands will join in and take similar actions before the next disaster strikes us."
"This contract with VIOHS is an extremely important one for us and helps expand our work internationally," said Harvey Schiller, Chairman and CEO, GlobalOptions Group. "The outcome of the contract and creation of both the continuity of operations, continuity of government plans and the assistance with the emergency operations center activation will establish us as leaders in emergency management and homeland security planning in the Caribbean region."
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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