SOURCE: PRG Group Inc.

December 08, 2006 09:15 ET

PRG Group Improving Transparency

PISCATAWAY, NJ -- (MARKET WIRE) -- December 8, 2006 -- PRG Group (PINKSHEETS: PRGJ) announces plans to adopt Generally Accepted Accounting Principles ("GAAP") and pursue a full audit of the business to move to a higher securities exchange. PRG Group is in negotiations with reputable CPA firms, with management planning to choose a firm prior to the end of the year. The hired firm will complete a full company audit as per the regulations, and will work in advisory capacity to help PRG in the execution of its business plan.

CEO Uma Pandey states, "I am very excited and proud of our accomplishments and look forward to a very profitable, productive and exciting 2007. The rapid growth and complexity of our company coupled with the solid foundation that we have already built require not only full transparency for our shareholders but also the reach and liquidity provided by the larger exchanges. I am very excited and proud of our accomplishments and look forward to a very profitable, productive and exciting 2007."

This will firm conduct a full corporate audit to facilitate reporting requirements necessary to move to the OTCBB as well as assisting the Board of Directors in keeping current with the ever changing rules and regulations applicable to audit committees and the Directors themselves. All firms are registered with the Public Company Accounting Oversight Board, which allows them to audit the financial statements of public companies.

About PRG Group Inc.:

PRG Group Inc. is a global provider of innovative consulting, technology, and outsourcing services. PRG delivers solutions that leverage the process knowledge of the company's consultants. Services include business process improvement, analytical services, ERP implementations, global rollouts, E-business solutions, upgrades, testing, as well as application management, and infrastructure support. PRG currently partners with companies such as IBM, Microsoft, and Sun Microsystems to maximize the value transferred to customers. With over a decade of experience per consultant, PRG clients can become more competitive and cutting edge by utilizing their services. For more information go to the corporate website at: www.prgsi.com.

FORWARD-LOOKING STATEMENTS:

Safe Harbor Statement:

Except for historical information contained herein, the matters set forth above may be forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Words such as "anticipate," "believe," "estimate," "expect," "intend" and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors such as the level of business and consumer spending, the amount of sales of the Company's products, the competitive environment within the industry, the ability of the Company to continue to expand its operations, the level of costs incurred in connection with the Company's expansion efforts, economic conditions in the industry and the financial strength of the Company's customers and suppliers. The Company does not undertake any obligation to update such forward-looking statements. Investors are also directed to consider all other risks and uncertainties.

Contact Information