SOURCE: PRG Group, Inc.

August 16, 2007 09:03 ET

PRG Group Introduces Training Division, Featuring CPA, CFA and CISA Certification Courses

PISCATAWAY, NJ--(Marketwire - August 16, 2007) - PRG Group, Inc. (PINKSHEETS: PRGJ), a holding company for PRG Systems Inc., Prime Communications Inc. and LOCATUM is pleased to introduce its Training Division, which offers preparation courses for Certified Information Systems Auditor, Certified Financial Analysts and Certified Public Accountant licensure exams in India and the United Arab Emirates.

PRG offers classes in India under exclusive agreement with ExamMatrix and in strategic partnership with K.G. Somani, a chartered accounting firm of KGS Management Services. The CPA, CISA and CFA market numbered 830,000 students in the last decade, representing approximately $145 million in annual revenue. PRG's primary competition in the growing industry is Becker CPA Review, a division of the Devry Institute, which offers in-class preparation solely, while PRG has recently expanded to telecast instruction via the internet.

"We've been in this line of business for quite some time, though our public focus has been on our IT services," said Uma Pandey, CEO of PRG Group. "The Training Division was created when the globalization of IT services created a demand for it. Many software and hardware companies began outsourcing to India and other countries a decade ago, creating a need for onsite employees to have CPA and related licenses for the review and certification of financials. For four years, PRG has been helping companies eliminate the delay and expense of sending such work back stateside," Pandey continued.

"We have recently renewed a three-year exclusive contract for course materials with Matrix Learning Systems of Colorado, and we offer a pass/refund guarantee on all ExamMatrix courses," added Pandey. "These steps ensure the continued success and profitability of the Training Division, which is on track to provide $1 million in annual revenue by the end of next year."

For more information on PRG's Training Division, visit

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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