PRG-Schultz Forms Strategic Alliance to Expand Profit Recovery Capabilities

ATLANTA--(BUSINESS WIRE)--PRG-Schultz International, Inc. (Nasdaq: PRGX), the world's largest recovery audit firm, today announced that it has entered into a strategic alliance with KBA Lease Services LLC to expand the recovery audit capabilities PRG-Schultz can offer to clients. The lease audit practice of KBA Lease Services is focused on recovering rent overcharges and reducing short and long-term occupancy costs.

“In today's tough economy, our clients tell us they are looking for new ways to realize more bottom-line profits”

“In today's tough economy, our clients tell us they are looking for new ways to realize more bottom-line profits,” said Romil Bahl, president and chief executive officer of PRG-Schultz. “Our KBA alliance, coupled with our previously announced alliance with Ryan, Inc., a leading tax services firm in North America providing a comprehensive suite of state, local, federal, and international tax services, will enable us to better meet our clients’ needs by delivering an expanded suite of complementary profit recovery services, as well as provide us with new sources of leads.”

About PRG-Schultz International, Inc.

Headquartered in Atlanta, PRG-Schultz International, Inc. is the world's leading recovery audit firm, providing clients throughout the world with insightful value to optimize and expertly manage their business transactions. Using proprietary software and expert audit methodologies, PRG industry specialists review client purchases and payment information to identify and recover overpayments.

Forward Looking Statements

In addition to historical information, this press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include both implied and express statements regarding the Company’s financial condition and its ability to deliver profits to clients and meet its clients’ needs. Such forward looking statements are not guarantees of future performance and are subject to risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from the historical results or from any results expressed or implied by such forward-looking statements. Risks that could affect the Company’s future performance include revenues that do not meet expectations or justify costs incurred, the Company’s ability to develop material sources of new revenue in addition to revenues from its core accounts payable services, changes in the market for the Company’s services, the Company’s ability to retain existing personnel, potential legislative and regulatory changes applicable to the Medicare recovery audit contractor program, uncertainty in the credit markets, client bankruptcies, loss of major clients, and other risks generally applicable to the Company’s business. For a discussion of other risk factors that may impact the Company’s business, please see the Company’s filings with the Securities and Exchange Commission, including its Form 10-K filed on March 16, 2009. The Company disclaims any obligation or duty to update or modify these forward-looking statements.