GlobalOptions Group Renews Contract with CCMSI.Together, Combating Insurance Fraud 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). : GOPG.OB), a leading provider of domestic and international risk management services, today announced that its Fraud & SIU SIU Southern Illinois University SIU Seafarers International Union SIU Special Investigations Unit SIU Schiller International University SIU Special Investigative Unit SIU Salem International University SIU Societá Italiana di Urologia unit has renewed its formal agreement to serve as the preferred provider of investigative services for CCMSI, a leading third-party administrator for workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. and property/casualty self-insurance programs. Under the terms of the agreement, GlobalOptions will perform surveillance and background investigations to assist CCMSI in exposing potential insurance fraud. In addition, GlobalOptions will continue to host a customized web site that will allow CCMSI's FIRE (Fraud Investigative Resource Edge) insurance claims staff to monitor cases from their desktops - with real-time access via a secure web portal See portal. . According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Halsey Fischer, President of the Fraud & SIU division, GlobalOptions will complement CCMSI's claims investigation process. "We look forward to strengthening our existing relationship with CCMSI and providing surveillance and investigative expertise to its claims department," said Mr. Fischer. "I'm confident that our highly efficient team and advanced technology will, once again, exceed their expectations and help CCMSI save money." With nearly 30 years experience, CCMSI assists employers in setting up and maintaining their own workers' compensation and property/casualty self-insurance programs. With annual gross revenues of $70 million and a workforce of over 700 professionals in 36 office locations, CCMSI provides services to over 400 individual self-insured employers and 56 self-insured groups. The company has a 98% client satisfaction rate that is unparalleled in the industry "We are excited to continue our partnership with a company of GlobalOptions' stature going forward," said Carl Ayestas, Executive Vice President, Compliance Officer for CCMSI. "Their advanced technology was essential in helping us develop FIRE, our proprietary Fraud Investigative Resource Edge to minimize the impact of fraud on our valued customers." About GlobalOptions Group, Inc. GlobalOptions, 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 an integrated provider of risk mitigation and management services to government entities, Fortune 1,000 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 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, anti-fraud solutions and business intelligence, and crisis management and preparedness pre·par·ed·ness n. The state of being prepared, especially military readiness for combat. Noun 1. preparedness - the state of having been made ready or prepared for use or action (especially military action); "putting them services. Additional information can be found at www.globaloptions.com. About CCMSI CCMSI is a leading third-party administrator for workers' compensation and property/casualty self-insurance program. Since 1978, CCMSI has successfully administered and provided claim services to individual and group clients, nationwide. Our approach to claims management includes providing sound technical resources, strategic insight, efficient and accessible computer systems, cost containment cost containment, n the features of a dental benefits program or of the administration of the program designed to reduce or eliminate certain charges to the plan. practices, and the seamless administration of your losses. Our adjuster turnover rate is less than 3%. This is crucial in establishing continuity between primary contacts and the adjustment staff. The company is headquartered in Danville, IL. 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 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. |
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