GlobalOptions Group Selected to Develop Pilot Program to Assist United States Postal Service to Combat Insurance Fraud

NEW YORK, Oct 10, 2007 (BUSINESS WIRE) -- GLOI | charts | news | PowerRating -- GlobalOptions Group, Inc. (NASDAQ: GLOI), a leading provider of domestic and international risk management services, today announced that its Fraud & SIU unit has entered into a formal agreement to develop a pilot program for the United States Postal Service to assist in combating insurance fraud. The Workers Compensation Analyst (WCA) program is being developed to aggressively investigate Workers Compensation Fraud through research and/or surveillance support.

"GlobalOptions Group's expertise in fraud coupled and suite of proprietary tools will help further strengthen United States Postal Service's WCA program and reduce fraud across the board," said Halsey Fischer, President of GlobalOptions Group Fraud & SIU. "We look forward to playing a key role in helping the USPS manage and further develop its entire workers compensation and fraud claims process."

"Fraud is a serious threat to any business," said Harvey Schiller, Chairman and CEO GlobalOptions Group. "We are pleased to be affiliated with the United States Postal Service and look forward to working with them to create and implement formalized fraud plans."

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. www.globaloptionsgroup.com.

About USPS

An independent federal agency, the U.S. Postal Service is the only delivery service that visits every address in the nation, 146 million homes and businesses, six days a week. It has 37,000 retail locations and relies on the sale of postage, products, and services to pay for operating expenses, not tax dollars. The Postal Service has annual revenues of $73 billion and delivers nearly half the world's mail. (www.usps.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.

PR Rubenstein PR Mitchell Simmons, 212-843-8364 msimmons@rubensteinpr.com or IR Lippert/Heilshorn & Associates Chris Witty, 212-838-3777 cwitty@lhai.com

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