Premier Alliance Group, Inc. Lands New Contract and Clients

CHARLOTTE, NC--(Marketwire - May 4, 2011) - Premier Alliance Group, Inc. (OTCBB: PIMO), a professional services company focused on business and technology consulting, announced that it has secured several new contracts with new clients.

The scope of the new clients and business include:

Real estate investment and mortgage firm

• Perform an internal controls assessment
• Manage the implementation of a financial system
• Provide finance and accounting services
• Prepare for internal audit services

Diagnostic testing, services and information firm

• Master Services Agreement to provide Business Performance and Technology consulting focused services

Financial institution payments processing firm

• Master Service Agreement to provide services crossing all of our practice areas.

Mark Elliott, President of Premier, said, "We are pleased by our continued success in not only furthering our reach into our current markets but also in expanding the breadth of our service with existing clients. This reinforces our strategy of leveraging our core expertise to the benefit of new and existing clients. Premier's approach is being very well received as our value add allows us to help our clients reduce costs, increase efficiencies and mitigate risk."

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.