SOURCE: PRG Group, Inc.

January 11, 2007 09:09 ET

PRG Group Closes Acquisition of Prime Communications

PISCATAWAY, NJ -- (MARKET WIRE) -- January 11, 2007 -- PRG Group, Inc. (PINKSHEETS: PRGJ), a multinational total solutions provider, is pleased to announce the acquisition of Prime Communications was closed on January 5, 2007, as scheduled.

Prime Communications is an Avaya Business partner, specializing in Voice over IP (VoIP) products and services. Prime offers end-to-end voice, data, internet, and enhanced broadband solutions to small, medium and enterprise customers seeking a cost effective IP solution.

Prime Communications offers enterprise wide IP telephone solutions that are highly reliable, scalable, and easy to manage. Prime also provides applications consulting, integration, and network management.

PRG financed the acquisition with privately held restricted shares.

About PRG Group, Inc.:

PRG Group, Inc. is a multinational total solutions provider, offering web-based applications, hosting services, network management, consulting services, e-business solutions, system upgrades and testing, as well as infrastructure support. PRG currently partners with IBM, Microsoft, and Sun Microsystems to maximize the benefits transferred to its customers. Since incorporation in 2001, the company has served clients in North America, Asia and the Caribbean. PRG has offices in Delaware, New Jersey and New Hampshire. 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, based on 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, the level of costs incurred in expansion efforts, 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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