February 29, 2008 08:03 ET

PRG Group Triples Annual Revenues in 2007

PISCATAWAY, NJ--(Marketwire - February 29, 2008) - PRG Group, Inc. (PINKSHEETS: PRGJ), a holding company for PRG Systems Inc., Prime Communications Inc. and LOCATUM, is pleased to announce that total revenues for all divisions in fiscal 2007 were $9.5 million dollars.

"We came within the range of our projections stated last spring," said Uma Pandey, CEO of PRG Group, "and when you factor in the sharp downturn in other industries and the economy at large, we have to be proud of last year's success," Pandey added.

"The challenge now is to remain on the conservative side of our forecasts and estimates while enjoying this jump in annual revenue from 3 million to more than 9. I'm tempted to say 2008 will exceed our fiscal expectations, due to expansion of the Training Division and pending market introduction of new products. But I feel safe in saying we'll at least meet those expectations; 2008 is shaping up very well thus far," 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 http://www.prg-group.com.

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.