ATLANTA, March 23, 2011 (GLOBE NEWSWIRE) -- PRGX Global, Inc. (Nasdaq:PRGX), the world's leading provider of recovery audit services and the pioneer in profit discovery services, today announced it will open The NASDAQ Stock Market on Monday, March 28, 2011. The ceremony at the NASDAQ MarketSite at Times Square in New York City will be broadcast live at 9:15 a.m. Eastern time. Live video of the opening can be accessed online at http://www.nasdaq.com/about/marketsitetowervideo.asx. The opening ceremony coincides with the 15th anniversary of PRGX's listing on The NASDAQ Stock Market. Romil Bahl, president and chief executive officer commented, "We have long been the only public company in the fast-changing recovery audit arena and we continue to lead the industry's charge into the next competitive era. We expect that our client relationships will be substantially strengthened because of our willingness to help streamline their operations while simultaneously continuing to maximize their recoveries. Also truly exciting is how the new PRGX continues to innovate new routes to profit for our clients, leveraging the very significant amount of data our clients already entrust with us, and in keeping with our brand promise of being the Profit Discovery Firm." With the significant expansion of its analytics and advisory capabilities in 2010, PRGX now offers clients five key profit discovery services: next generation recovery audit, healthcare claims recovery audit, fraud and compliance, spend optimization and profit performance optimization. As a part of the NASDAQ anniversary celebration, PRGX will also be acknowledging the winners of its annual "Living Our Values" employee recognition program. This recognition program honors employees from around the globe who, on a daily basis, go above and beyond to provide the best service to clients. The six award recipients will share the stage with Mr. Bahl and other PRGX leaders.
About PRGX Global, Inc.Headquartered in Atlanta, Georgia, PRGX Global, Inc. is the world's leading provider of recovery audit services. With more than 1,400 employees, the company operates and serves clients in more than 30 countries and provides its services to over 75% of the top 30 global retailers. PRGX is also pioneering "profit discovery," a unique combination of audit, analytics and advisory capabilities that improves client financial performance. Beyond its core retail practice, PRGX is actively pursuing initiatives to expand into new markets, most notably healthcare. For additional information please visit PRGX at http://www.prgx.com. 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 the success of its growth strategies and new services. 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 and attract qualified personnel, changes to Medicare and Medicaid recovery audit contractor programs, the Company's ability to integrate recent and future acquisitions, uncertainty in the credit markets, the Company's ability to maintain compliance with its financial covenants, 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, 2011. The Company disclaims any obligation or duty to update or modify these forward-looking statements.
CONTACT: PRGX Global, Inc. Alexandra Gobbi, Vice President, Marketing & Communications 770.779.3253 Fax: 770.779.3195 firstname.lastname@example.org 600 Galleria Parkway, Suite 100 Atlanta, GA 30339