Premier Alliance Group Announces Significant Increase in Banking Credit Line to Support Growth

CHARLOTTE, NC--(Marketwire - December 8, 2010) - Premier Alliance Group, Inc. (OTCBB: PIMO), a professional services company focused on business and technology consulting, announced that it had been granted an increase in its credit line with Royal Bank of Canada (RBC) from $900,000 to $1.5 million. The additional funds will be used as needed, as the company expands nationally to take advantage of increased demand for its professional services from new and existing clients.

Mark Elliott, President of Premier said, "We are pleased that the Royal Bank of Canada has extended us this increased line of credit which reflects the soundness of our business and the good relationship we enjoy. RBC is a solid financial institution with the capability and expertise to support us as we move forward. They have shown a strong desire to not only provide the banking products we need to support the organization but the willingness as our financial partner to work with us through rapid and managed growth." 

Ben Chambers, Commercial Relationship Manager of RBC Bank, said, "Premier Alliance has been an excellent client for RBC Bank and we are delighted to be able to support them as they grow nationally, We pride ourselves on building long-term relationships and working with our clients to help them achieve their goals."

About Premier Alliance Group, Inc.
Premier Alliance Group, Inc. provides business consulting services and human capital solutions 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 Premier provides services include compliance and regulatory, merger and acquisition, and business process reengineering efforts. Clients are serviced with Knowledge-Based expertise from Premier's Business Performance & Technology, Governance, Risk & Compliance (GRC), and Finance and Accounting practice areas. For more information go to: www.premieralliance.com.

Safe Harbor Statement
 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.

Contact Information:

Contact:
Kathy Aviles
800-521-8077
investor@premieralliance.com