• E-mail
• Print
• Comment
• Font Size
• Digg
• del.icio.us
• Discuss article

GlobalOptions Group is Selected By Lyondell Chemical Company for Security Contract

Posted on: Monday, 5 February 2007, 09:01 CST

GlobalOptions Group, Inc. (OTCBB: GLOI), 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 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 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, titanium dioxide, styrene, polyethylene, propylene oxide 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 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

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: Business Wire

More News in this Category