GlobalOptions Group is Selected by Lyondell Chemical Company for Security Contract.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 its Secure Source unit has been selected by Houston-based Lyondell Chemical Company Lyondell Chemical Company NYSE: LYO is an American multinational corporation based in Houston, Texas. Overview The Lyondell Chemical Company is currently the third largest independent chemical manufacturer in the United States. for a security contract. David Nicastro, president of Secure Source, will serve as interim Security Director for Lyondell, North America's third largest independent, publicly-traded chemical company with approximately 11,000 employees and annual revenue exceeding $25 billion. Mr. Nicastro will be responsible for providing interim management services for all aspects of corporate security, including investigations, facility security assessments, international travel security, key personnel protection, and crisis planning and disaster recovery. He will also be responsible for developing a strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. tool to assist Lyondell in developing an effective enterprise security program, while aiding the company in the recruitment and transition of a new, permanent Security Director. "We are pleased to have GlobalOptions take the lead in assisting us in putting a comprehensive system in place," said Joseph Speelman, of Lyondell. "We are confident that David will make a significant contribution to this effort." "We look forward to helping Lyondell Chemical develop and implement an appropriate company-wide security program," said David Nicastro. "I think this strategy is a smart move that will help generate confidence among their employees and customers." About Lyondell Chemical Company Lyondell Chemical Company, headquartered in Houston, Texas, is North America's third-largest independent, publicly traded chemical company. Lyondell is a major global manufacturer of basic chemicals and derivatives including ethylene, propylene propylene /pro·pyl·ene/ (pro´pi-len) a gaseous hydrocarbon, CH3CHdbondCH2. propylene glycol a colorless viscous liquid used as a humectant and solvent in pharmaceutical preparations. , titanium dioxide, styrene sty·rene n. A colorless oily liquid from which polystyrenes, plastics, and synthetic rubber are produced. Also called vinylbenzene. , polyethylene, propylene oxide propylene oxide a gas used to disinfect animal feeds. and acetyls. It also is a refiner of heavy, high-sulfur crude oil and a significant producer of gasoline-blending components. Lyondell is a global company operating on five continents and employs approximately 11,000 people worldwide. 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 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. www.globaloptionsgroup.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 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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