QuanStar Makes Investment in GlobalOptions; Will Provide Expertise to Grow Company

The QuanStar Group, LLC, a strategic business management-support company, has become an equity partner in GlobalOptions.

Washington (PRWEB) September 20, 2004 -- GlobalOptions, Inc. is proud to announce The QuanStar Group, LLC, a strategic business management-support company, has become an equity partner in GlobalOptions and will provide strategic business counseling to grow the company.

GlobalOptions is aggressively pursuing a dual strategy of acquisitions and organic growth in its quest to become a major force in the security, investigations, homeland defense, and business solutions marketplace.

QuanStar members offer a wealth of experience and expertise," said Neil C. Livingstone, CEO of GlobalOptions. They have acquired, integrated, and built highly successful companies, and will be assisting GlobalOptions in becoming a world leader in the risk management and business solutions arena."

As an equity partner, The QuanStar Group, represented by Per-Olof Lööf, will have a seat on the Board of Directors of GlobalOptions.

In February 2004, Harvey Schiller was named Chairman of the Board of GlobalOptions, as part of the companys expansion strategy. Schiller, who oversees GlobalOptions New York office, recently served as Vice Chair of the New York City Host Committee of the 2004 Republican National Committee. He was Chairman of Assante U.S., Chairman and CEO of YankeeNets, President of Turner Sports, and Executive/Director/Secretary General of the U.S. Olympic Committee.

The QuanStar Group

QuanStar, headquartered in New York, is a strategic, business management-support company that provides multilevel offerings to high-growth companies. Its services are provided through the personal and hands-on interaction of its senior partners, associates, and affiliate executives.

While each business relationship is unique, QuanStar assists companies in various capacities including: executive and board level business planning; growth financing; establishment of critical strategic relationships; government relations; creation of new divisions; mergers, acquisitions and joint ventures; commercializing intellectual property; establishing global operations; licensing agreements; and evaluating and making recommendations for significant business changes in operations.

Among The QuanStar Group members are (alphabetically):

Arnold L. Burns -- A former U.S. Deputy Attorney General, Burns is Co-Founder and Chairman of QuanStar. For five years he served as Managing Director of an international investment banking firm and, before that, as a Senior Partner of an international law firm. He previously created and managed his own law firm of more than a hundred lawyers specializing in growing companies by providing legal and corporate counseling services.

James Cannavino -- A former top executive of IBM Corporation for 32 years, Cannavino helped contribute to billions of dollars of profit for the organization and is noted as father of the IBM ThinkPad." Along with his multiple top-senior titles, he was a member of the IBM Corporate Executive Committee and Worldwide Management Council. Following his IBM tenure, Cannavino became President and CEO of Perot Systems Corporation where he was responsible for all the day-to-day global operations of the company, as well as for strategy and organization. Cannavino, today, in addition to his role at QuanStar is Chairman and CEO of Direct Insite (DIRI).

Harold N. Chefitz -- Chefitz has over 30 years experience in domestic and international healthcare business operations and is a member of the Board of Directors of Barr Laboratories, Kensey Nash, Elan Motor Technology, EmergingMed.com and NetHealth Systems. He has served as a Managing Director at both Prudential Securities and Furman Selz where he was responsible for public financings, private placements and acquisition activities.

Abraham E. Barry" Cohen -- A retired Senior Vice President of Merck & Company International and President of the Mercks International Division, Cohen serves as a Director on the supervisory boards of Akzo Corporation, an international conglomerate, and other companies with global operations.

Dennis DeConcini -- DeConcini, a former Senior Senator from Arizona, served as a member of the U.S. Senate for 18 years. He has served on several committees including the Subcommittees on Defense, Energy and Water Development and on Foreign Operations. He chaired the Subcommittee on Patents, Copyrights and Trademarks.

Dian Griesel -- Is Founder and Chairman of The Investor Relations Group, a financial relations and corporate communications company that specializes in helping biotechnology, high technology/national defense companies and special situations gain greater recognition with investors and liquidity in the financial markets.

Andrew J. Kaslow -- Kaslow was previously Senior Vice President, Human Resources, of Vivendi Universal, a global media and entertainment company, and was the global HR leader for Time Warner, the worlds largest media company. Additionally Kaslow served as the Chief HR Officer for Becton Dickinson, a medical products and diagnostic company, and has held several senior management positions at PepsiCos KFC International business. Kaslow is a professional musician with numerous co-production, recording and performing credits.

Per-Olof Lööf -- Lööf was past President and CEO of Sensormatic Electronics Corporation, a world leader in electronic security, where he successfully led the organization through a difficult turnaround and managed the acquisition by Tyco. Lööf was also Senior Vice President of NCRs Financial Solutions Group, a financial services company serving financial institutions in more than 100 countries. A native of Sweden, Lööf has an extensive knowledge of the global economy.

Mark N. Sirangelo -- Sirangelo, the Co-Founder and CEO of The QuanStar Group, has participated in the development of more than 20 companies. While CEO of PGI, which provides advanced communications, event and logistical planning services, he was named Entrepreneur of the Year" by Ernst & Young.

Allan R. Tessler -- Tessler, a specialist in turnaround financing, was the Founding Principal of Corporate Recovery Group, LLC, which provides counseling to improve, reengineer, and restructure companies. He is also Chairman of the Board and CEO of International Financial Group, an international merchant banking firm.

David C. Watt -- Currently Director and CEO of Biomagic, Inc., Watt has more than 30 years of legal and business experience. Prior positions include President of ICN Biomedicals Inc. and President and CEO of Unitel, a publicly traded telecommunications company.

Gary C. Wendt -- After a long successful career as Chairman and CEO of GE Credit, which produced forty percent of GEs revenues and income under his management, Wendt was named Chairman and CEO of Conseco, with the intention of helping the company reorganize and restructure its operations. Wendt recently founded two companies, EXL and GW Capital. He has been and remains a director of several publicly traded and private companies.

GlobalOptions, Inc.

GlobalOptions, Inc., headquartered in Washington, D.C., is a corporate 911 comprised of security experts, investigators, crisis communications specialists, attorneys, and former senior policy makers. The companys four main divisions are: Risk Management & Security; Investigations & Litigation Support; Crisis Management; and Corporate Governance.

Among its Senior Advisory Board members are Admiral William J. Crowe (Chairman), former Chairman of the Joint Chiefs of Staff; R. James Woolsey (Vice Chairman), former Director of the Central Intelligence Agency; Ambassador Frances D. Cook, former U.S. Ambassador to Burundi, Cameroon, and the Sultanate of Oman; Robert L. (Bob) Livingston, former Speaker Designate for the U.S. House of Representatives; Sir Richard Needham, former Minister of Trade for Great Britain; Ronald B. Richard, President of the Cleveland Foundation; William Sessions, former Director of the FBI; Rodney E. Slater, former Secretary of Transportation; William H. Webster, former Director of the FBI and CIA.

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