PRG Group, Inc. 2010 Earnings Pacing $2 Million

PISCATAWAY, N.J., Nov 15, 2010 /PRNewswire-FirstCall/ -- PRG Group, Inc. (Pink Sheets: PRGJ), a leading full-service business process outsourcing company focused on serving middle-market enterprises, today announced that it has posted its consolidated income statement on pinksheets.com. PRG Group's first three quarters recorded gross income in excess of $1.5MM dollars for 2010. The company's current client base is expected to generate income that is projected to provide the company over $2MM dollars in gross income for the 2010 calendar year.

Uma Pandey, Chief Executive Officer of PRG Group, Inc. stated, "As per our open letter to our shareholders dated September 27, 2010, we are committed to adding transparency and value to our shareholders and investors who have been extremely supportive during the company's restructuring period. This is certainly one of the key milestones we referenced as we are focused on developing our business, becoming a fully reporting public company, and moving to a major exchange. Additionally, I would advise our shareholders and other interested parties that the company will be deploying its new website within the coming weeks which will become a pivotal communication tool for our business."

Mr. Pandey further commented, "As 2010 comes to a close, our current core client base and corresponding revenue is stable. Having been able to reduce our losses, PRG Group is focused on it go forward strategy and is well positioned in establishing its growing presence as a leading solutions provider for middle market enterprises. The current economic environment continues to provide PRG Group with targets for offering services geared at increasing operational efficiencies at a significantly lower cost. We continue to identify and pursue opportunities defined in our sales pipeline and expect to be alerting our shareholders as they mature to fruition."

About PRG Group, Inc.

PRG Group is a global information, consulting and technology provider that specializes in delivering company wide solutions specifically in the areas of managed services, remote support, business software integration and optimization and enterprise-wide voice, data, networking, unified communications, and security solutions to customers worldwide. PRG Group, Inc. supports middle-market established businesses that already outsource, and businesses seeking to maximize return-on-investment from their in-house workforce. For more information, please visit http://www.prg-group.com.  

Forward Looking Statements

Statements made in this press release that are not historical facts constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21 of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Such statements rely on a number of assumptions concerning future events, many of which are outside of the Company's control, and involve risks and uncertainties that could cause actual results to differ materially from opinions and expectations. All information in this release is as of the date hereof. The Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations.

SOURCE PRG Group, Inc.