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Under terms of the agreement, Global Options will perform surveillance and background-related investigations to assist BNSF in exposing any case of potential liability claim fraud. Global Options will host a customized version of GlobalTrak(TM) which will include RapidData(TM), GlobalOptions' new integrated GlobalTrak(TM) solution that will allow BNSF direct, instantaneous access to public information databases nationwide. Additionally, BNSF claims staff will have the ability to monitor cases from their desktops - with real-time access via GlobalTrak.
"We are pleased to be working with BNSF again, and have a long, successful history providing surveillance and investigative expertise to their claims department," said Frank Pinder, President of GlobalOptions' Fraud & SIU division. "I'm confident that our capable team and new RapidData solution will exceed their expectations and become a cost effective solution to the organization."
According to Rick Lifto, Assistant Vice President of BNSF's General Claims Department, GlobalOptions' GlobalTrak platform will increase the efficiency of ongoing claims investigations. "We are excited to incorporate GlobalTrak and Global's new RapidData solution into our investigation process," said Lifto. "I look forward to continued success with GlobalOptions."
About BNSF
A subsidiary of Burlington Northern Santa Fe Corporation (NYSE: BNI), BNSF Railway Company operates one of the largest North American rail networks, with about 32,000 route miles in 28 states and two Canadian provinces. BNSF is among the world's top transporters of intermodal traffic, moves more grain than any other American railroad, carries the components of many of the products we depend on daily, and hauls enough low-sulfur coal to generate about ten percent of the electricity produced in the United States. BNSF is an industry leader in Web-enabling a variety of customer transactions at www.bnsf.com.
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. Our services currently include risk management, security, investigations, litigation support, anti-fraud solutions, business intelligence, and crisis management and preparedness services. 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 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.
SOURCE: GlobalOptions Group, Inc.
Lippert/Heilshorn & Assoc. PR Adam Handelsman, 212-201-6622 ahandelsman@lhai.com or IR Jody Burfening, 212-838-3777 jburfening@lhai.com
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