Premier Alliance Group, Inc. Announces Significant New Client Wins Within the Business Performance & Technology Practice

| Source: Premier Alliance Group, Inc. Premier Alliance Group, Inc.

CHARLOTTE, NC--(Marketwire - November 22, 2010) - Premier Alliance Group, Inc. (OTCBB: PIMO), a professional services company focused on business and technology consulting, announced that the company has gained new clients and additional business from existing clients under the Business Performance and Technology practice in recent months. Mark Elliott, President of Premier, said, "As companies look to increase efficiency and handle a multitude of enterprise related activities, they are looking to Premier to assist them in a variety of areas. We believe that this latest round of business wins is an indication that our focus on expanding our geographic footprint as well as deepening our service capabilities has proven to be valuable to existing and new clients." These contracts are projected to initially add approximately $700,000 of revenue over the next 6 months.

Some of the new business wins include:

  • Business and technology assistance for integrated in-house and outsourced software systems for a Banking Software Company;

  • Business and process analysis assistance for a Nationwide Mortgage Insurance Company;

  • Strategic and logistical assistance for large system implementations for an IT Solutions Company;

  • Business and technology assistance to support new business efforts for a national Business Process Outsourcing company.

Mr. Elliott concluded, "Many companies realize that in order to maximize efficiency and reduce costs they need an effective information and implementation strategy. Premier provides solutions covering strategy, analytics, business process, organization, applications and data. By working closely with our clients, decision-makers within a company are able to implement better policies and thereby can expect better results. Premier has proven to be a leader in many aspects of the enterprise and that is why we are gaining market share across the country."

About Premier Alliance Group, Inc.

Premier Alliance Group, Inc. provides business consulting services and human capital solutions 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 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