SOURCE: Premier Alliance Group, Inc.

Premier Alliance Group, Inc.

April 11, 2012 08:30 ET

Premier Alliance Group, Inc. Announces New Contracts and Client Wins

Continues to Diversify & Grow Customer Base

CHARLOTTE, NC--(Marketwire - Apr 11, 2012) - Premier Alliance Group, Inc. (OTCBB: PIMO), a professional services company focused on business and technology advisory and consulting services and solutions, announced that it has secured new contracts with new education and athletic related clients within the California market.

The value of these initial contracts is approximately $350,000 and the company expects additional follow on work over the coming year as the projects ramp up. These recent wins include:

For a leading designer, developer and marketer of branded equipment and accessories that enhance athletic performance and protection, Premier Alliance has been selected to provide information technology internal audit assistance.

For a large non-profit organization, which works with over 300 preschools in southern California, Premier Alliance has been selected to work on a technology initiative involving hardware and software selection for HR and financial systems.

Mark Elliott, CEO of Premier Alliance, said, "Clearly, our strong expertise is allowing us to expand into industry sectors which have not traditionally been our focus. It is evident that our customers see that our Knowledge Based Expertise allows us to effectively and efficiently add value and be a great solution for them. With the initial objectives of the efforts being our primary focus, we expect to show value and expertise that will allow us to build long term relationships and engage in other work, as is often the case with many of our current customers. We look forward to announcing additional client wins as we continue to execute on our growth strategy."

About Premier Alliance Group, Inc.
Premier Alliance Group, Inc. (OTCBB: PIMO) is a leading provider of business and technology advisory and consulting services. Practice areas of expertise encompass Governance, Risk & Compliance (GRC), Business Performance & Technology, and Finance & Accounting, with Knowledge Based Expertise targeted in the financial services and life sciences / biotechnology industries. In addition, Premier's Greenhouse division provides Knowledge Based Expertise in the energy sector and is a leading provider of energy efficiency and sustainable facilities services and solutions. The division audits, designs, engineers and installs disparate strategies, solutions and technologies that enable its clients to reduce their energy costs and carbon footprint. Its target markets for energy efficiency solutions include government and military, as well as commercial and industrial markets. Premier Alliance Group is headquartered in Charlotte, NC. For more information, please visit 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.

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