GlobalOptions Group Announces the Acquisition of On Line Consulting Services.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- GlobalOptions Group, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : GLOI GLOI Grand Lodge of Ireland (freemasons) ), a leading provider of domestic and international risk management services, today announced that it has acquired privately held On Line Consulting Services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" for $2.7 million, consisting of $1.35 million of cash, $1.35 million of common stock, and the assumption of certain liabilities. Established in 1984, On Line Consulting is a national security and safety consulting and management services company led by their founder, Sandy Zirulnik. Headquartered in Oakland, CA, the company focuses on security, fire alarm, and communication system strategies for a broad range of public and private sector clients. On Line Consulting had approximately $3.0 million in revenue in 2006. "The acquisition of On Line Consulting will complement and enhance services we offer through our SafirRosetti business unit, which is a leader in security and safety management and consulting services," said Dr. Harvey Harvey, city (1990 pop. 29,771), Cook co., NE Ill., a suburb S of Chicago; inc. 1895. Its manufactures include steel castings, metal products, chemicals, machinery, and electronic equipment. Harvey has an oil research center. The city was founded by Turlington W. W. Schiller, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and Chairman of GlobalOptions Group. "It expands our ability to offer comprehensive services to a growing roster of clients across the country. We are pleased to add industry leader Sandy Zirulnik and his team to GlobalOptions Group." On Line Consulting is led by founder and President Sandy Zirulnik, who stated, "After developing our capabilities through extensive technical experience and excellent client results, we're pleased to join forces with GlobalOptions Group, which is swiftly becoming the national standard for excellence and depth of services in the risk management and security field." Mr. Zirulnik is assuming the position of Senior Managing Director in the SafirRosetti business unit and will remain actively involved in service delivery and company development. About On Line Consulting Services On Line Consulting Services provides innovative security, fire alarm, and communication system consulting, design and management services that define industry best-practices. On Line Consulting delivers a full spectrum of security and fire consulting services throughout the U.S. The company's clients include top corporations, architectural and engineering firms, developers, property management companies, and design/build contractors. On Line Consulting's team has successfully managed over two thousand projects in various sectors, including commercial, laboratory and research, government, healthcare, industrial, public safety and justice facilities. About GlobalOptions Group, Inc. GlobalOptions Group, with headquarters in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. and offices in 16 cities, is a provider of high-end risk assessment and mitigation MITIGATION. To make less rigorous or penal. 2. Crimes are frequently committed under circumstances which are not justifiable nor excusable, yet they show that the offender has been greatly tempted; as, for example, when a starving man steals bread to satisfy 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 An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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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