CARCO Group Inc. Names New Chief Executive Officer; Former FBI ``Counter-Terrorism Czar'' and Olympics Security Expert Dale L. Watson Takes Helm.

ST. JAMES, N.Y. -- CARCO Group Inc., a leading multinational security company, today named Dale L. Watson Chief Executive Officer. "Mr. Watson's skills will help CARCO Group achieve new standards of excellence and shape the future of the post 9/11 world of security," said CARCO Chairman Peter L. O'Neill. Prior to assuming his current position as Chief of Police in Los Angeles, William J. Bratton was President of CARCO.

Watson's extensive security experience includes 24 years with the FBI, where he was the Bureau's first Executive Assistant Director for Counter-Terrorism (CT) and Counter-Intelligence (CI). His responsibilities included management of the international and domestic terrorism programs, and the National Infrastructure Protection Center. Watson held that position on September 11, 2001, and has been involved in every major terrorist investigation of the last decade. He also directed CT efforts for the Olympic games in Salt Lake City, and Sydney, Australia.

He has testified numerous times before Congress on CI and CT issues, was a regular contributor to National Security Council, and briefed senior members of the current administration, including President Bush.

Most recently Watson served as a principal in Booz Allen's Global Strategic Security practice, where he worked to build public-private sector partnerships. "CARCO is a leader in security and investigative services," the new CARCO CEO Dale L. Watson said, "and I am honored by this challenge and opportunity to help us stay ahead of the domestic and international threats to global business."

Watson has been recognized with numerous awards, most notably the FBI's Meritorious Achievement Award, the CIA's Donovan Award, the CIA's George W. Bush Medal for Counter-Terrorism, and the Presidential Rank Award for Senior Executives. He is a graduate of the FBI's National Executive Institute and former Chairman of the Terrorism Committee of the International Association of Chiefs of Police.

ABOUT CARCO GROUP INC.:

CARCO is a business information services company that provides leading-edge fraud deterrence and detection, as well as risk mitigation, services to Fortune 500 companies, leading global insurance companies, and other large blue chip businesses and institutions. The Company's comprehensive service offering includes risk mitigation reports for more than 600 P&C carriers, employment and vendor screening, due diligence, financial investigations, litigation support, and other investigative programs. CARCO has served many of the country's largest corporations for more than 25 years. More information about service lines is available at www.carcogroup.com.

EDITOR'S NOTE: Photograph available upon request.