SOURCE: PRG Group, Inc.

August 30, 2007 14:00 ET

PRG Group Announces Second Quarter Revenues of $2 Million and Projections Through 2009

PISCATAWAY, NJ--(Marketwire - August 30, 2007) - PRG Group, Inc. (PINKSHEETS: PRGJ), a holding company for PRG Systems Inc., Prime Communications Inc. and LOCATUM, is pleased to announce second quarter sales revenue of $2 million, an increase of $600,000 (42%) over Q1 2007 revenue of $1.4 million.

"We have worked for several years to bring to fruition the level of success the company is now experiencing. The next course of action is to move to the OTC Bulletin Board, where full disclosure should help the stock price better reflect that success," said Uma Pandey, PRG Group CEO.

"Based on current sales and service contracts in all combined subsidiaries, we anticipate that revenues for fiscal 2007 will approach ten million dollars. We'll have a potential revenue increase over fiscal 2006 of more than 253 percent," Pandey added.

PRG's senior management also made projections for the coming years, estimating that 2008 revenues should near $22 million, with $42 million expected by 2009.

"These numbers reflect a current rate of growth applied to current revenues," Pandey commented. "They do not include revenues resulting from additional acquisitions. Income from new subsidiaries would raise these estimates, of course, but we chose to remain conservative with the projections," concluded Pandey.

About PRG Group, Inc.:

PRG Group, Inc., a holding company for PRG Systems Inc., Prime Communications and LOCATUM, has lines of business in: Consulting, Managed Services, Equipment, Network Services, Research & Development and Professional Training. PRG Group subsidiaries provide leading edge business support processes, technology and software to companies seeking to improve their cost structure, productivity and system efficiency. PRG Group, a Delaware-based corporation with offices in New Jersey, has been recognized as a leader in designing integrated solutions for businesses of all sizes. For more information, visit

Safe Harbor Statement:

Except for historical information contained herein, the matters set forth above may be forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Such forward-looking statements are based on the current beliefs of management and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, such as: the level of business and consumer spending, the ability of the Company to continue to expand its operations, and economic conditions in the industry. The Company does not undertake any obligation to update such forward-looking statements. Investors are also directed to consider all other risks and uncertainties.

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