CHARLOTTE, NC--(Marketwire - March 5, 2010) - Premier Alliance Group, Inc. (
"We have been working to identify solid organizations that match our strategy and vision and are excited that the leadership and team at Intronics meet our criteria. The culture and direction of the companies fit very well and we are excited about the potential this brings as we continue to build our brand," said Mark Elliott, Premier Alliance Group's President.
The acquisition is subject to certain requirements including due diligence; execution of a definitive purchase agreement, approval by the boards of both companies and various other customary conditions. Accordingly, while completion of the transaction is targeted to be complete by April 30, 2010, no assurances can be made that the transaction will be consummated.
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 its services include compliance and regulatory, merger and acquisition, and business process reengineering efforts.
Intronics Solutions, LLC has been a longstanding reputable service provider with a strong focus on technology services primarily in the Midwest. Intronics Solutions, LLC. received approximately four million dollars in annual revenue during its last fiscal year.
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:
Patrick Kolenik
800-521-8077
investor@premiealliance.com