SOURCE: Premier Alliance Group, Inc.

Premier Alliance Group, Inc.

November 23, 2009 08:35 ET

Premier Alliance Group, Inc. Announces the Appointment of Richard Gibbons as the New Governance Risk and Compliance Practice Director

CHARLOTTE, NC--(Marketwire - November 23, 2009) - Premier Alliance Group, Inc. (OTCBB: PIMO), a business and technology consulting firm, announced today that Richard Gibbons has joined the company and is leading the GRC Practice within Premier Alliance Group, Inc.

Globally, the GRC Consulting business has seen an explosion of growth, with AMR Research and Gartner both estimating that companies' GRC-related spending will exceed $30 Billion in 2009 and will grow 25% annually over the next several years.

Mr. Gibbons is a recognized thought-leader and practitioner in corporate governance, risk management and compliance ("GRC") and has been engaged in consultative efforts for global multi-sector tier-one institutions since 2000.

Mark Elliott, President of Premier Alliance Group, indicated that, "Richard's knowledge and experience adds tremendous value to our GRC team and will allow us to immediately assist our customers in strategic areas within the compliance and regulatory space."

Richard Gibbons is a former Regulator with the New York Stock Exchange, was a Senior Manager in Deloitte & Touche LLP's Capital Markets-Risk Technology & Operations Practice as well as an Associate Partner in Financial Services at IBM. Mr. Gibbons has also served as a Director/Chief Compliance Officer for: Fidelity Investments / National Financial Services Corp; Paribas North America (now BNP-Paribas); Deutsche Bank Group in Frankfurt, Germany; and U.S. Trust Company of New York (now asset management subsidiary of BofA).

Premier Alliance Group, Inc. provides business consulting services to customers with a focus on core areas of business processes used throughout the corporate world; including project management, business analysis, business consulting and strategic consulting. Typical initiatives in which the Company provides services include compliance and regulatory, merger and acquisition, and business process reengineering efforts.

Certain information contained in this press release may be forward-looking. Actual results might differ materially from any forward-looking statements contained in this press release. Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the actual results of Premier Alliance Group to be materially different from any future results expressed or implied by such forward-looking statements. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes," "belief," "expects," "intends," "anticipates" or "plans" to be uncertain and forward-looking.

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