updated 1/31/2011 8:48:14 AM ET 2011-01-31T13:48:14

PISCATAWAY, N.J., Jan. 31, 2011 (GLOBE NEWSWIRE) -- PRG Group, Inc. (Pink Sheets:PRGJ), a leading full-service business process outsourcing company focused on serving middle-market enterprises is announcing 2010 revenue of $2.2 million. The company is pleased to announce that its Government Services Unit has been engaged in contracts and projects thru the end of 2011 and will generate revenue of approximately $19.1 million dollars.

Uma Pandey, Chief Executive Officer of PRG Group, Inc. stated, "PRG Group's Government Services Team has been working diligently with our channel partner and its client, a member of the Fortune 1000 Largest Companies and Russell 2000 Index, to meet their increasing demands for the multiple projects for which we have been engaged. We have only begun to realize the potential for this business which will already increase our overall top line by 800% through the end of the year. We will continue to focus on disciplined growth and building strong relationships with our clientele."

Mr. Pandey added, "This is a very exciting time for PRG Group, Inc., our partners, and shareholders as this business unit has found tremendous success. The company felt it was necessary to reward our loyal shareholders in the form of the previously announced dividend as this business continues to expand. The company expects to be making additional announcements and provide updates as we continue to build significant value and execute our growth strategy."

About PRG Group, Inc.

PRG Group is a global information, consulting and technology provider that specializes in delivering company wide solutions specifically in the areas of managed services, remote support, business software integration and optimization and enterprise-wide voice, data, networking, unified communications, and security solutions to customers worldwide. PRG Group, Inc. supports middle-market established businesses that already outsource, and businesses seeking to maximize return-on-investment from their in-house workforce. For more information, please visit http://www.prg-group.com .

Forward Looking Statements

Statements made in this press release that are not historical facts constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21 of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Such statements rely on a number of assumptions concerning future events, many of which are outside of the Company's control, and involve risks and uncertainties that could cause actual results to differ materially from opinions and expectations. All information in this release is as of the date hereof. The Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations.

         PRG Group Inc.
         Tel: 732 665 0008

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved


Discussion comments


Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 3.79%
$30K home equity loan FICO 4.99%
$75K home equity loan FICO 4.69%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.83%
Cash Back Cards 17.80%
Rewards Cards 17.18%
Source: Bankrate.com