SOURCE: PRG Group, Inc.

September 18, 2007 11:26 ET

PRG Group Receives Cash Flow Financing From Chesapeake Bank of Virginia

PISCATAWAY, NJ--(Marketwire - September 18, 2007) - Prime Communications Inc., a subsidiary of PRG Group, Inc. (PINKSHEETS: PRGJ), is pleased to announce that it has secured $1.5 million accounts receivable financing from Chesapeake Bank of Virginia.

"This is a great day for PRG, because we can now take the company to the next level," commented Uma Pandey, PRG Group CEO. "Our purchasing power has increased considerably, which will enable us to meet increased demand for our products and services without waiting for payment on invoices. In short, our projection of 10 million in revenues for fiscal 2007 is assured," Pandey concluded.

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.

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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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