ATLANTA, Jan. 8, 2013 (GLOBE NEWSWIRE) -- PRGX Global, Inc. (the "Company") (Nasdaq:PRGX), the world's leading provider of recovery audit services and the pioneer in Profit Discovery™, today announced that it has closed the sale of an additional 687,385 shares of its common stock at a public offering price of $6.39 per share. The additional shares were sold pursuant to an overallotment option granted to the underwriters of the Company's previously announced public offering, which closed on December 11, 2012. William Blair & Company, L.L.C. and Robert W. Baird & Co. Incorporated served as joint book-running managers of the public offering, and Barrington Research Associates, Inc. and B. Riley & Co., LLC served as co-managers of the public offering. The net proceeds to the Company from the exercise of the overallotment option, after deducting underwriting discounts and commissions and estimated offering expenses, were approximately $4.1 million, bringing the total net proceeds to the Company from the offering to approximately $18.7 million. The Company intends to use the net proceeds from the public offering for working capital and general corporate purposes, including potential acquisitions. The offering was made pursuant to a prospectus supplement to the prospectus filed with the Securities and Exchange Commission (the "SEC") as a part of the Company's effective shelf-registration statements on Form S-3 (File Nos. 333-171986 and 333-185027). Investors in the public offering should read the prospectus supplement and accompanying prospectus for the public offering and the other documents incorporated therein by reference that the Company has filed with the SEC for more complete information about the Company and the public offering. Investors can obtain these documents without charge on the SEC website at www.sec.gov . Alternatively, copies of the prospectus supplement for the public offering and the prospectus relating to the public offering can be obtained from William Blair & Company, L.L.C., Attention: Prospectus Department, 222 West Adams Street, Chicago, Illinois 60606, or by calling toll-free 1-800-621-0687. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.