Opens NASDAQ Trading Today With the Ringing of the Opening Bell

ATLANTA, Jan 21, 2010 (GlobeNewswire via COMTEX)—PRGX Global, Inc. (“PRGX”), formerly PRG-Schultz International, Inc., (Nasdaq:PRGX), the world’s leading recovery audit firm, announced today its expansion into data analytics and senior-level advisory services. The combined audit, analytics and advisory capabilities represent a new category of business services—“profit discovery”—that creates significant additional opportunities for the firm to serve existing clients and grow in new industries, including healthcare.

“PRGX has earned the trust of many of the world’s largest companies,” said Romil Bahl, President and Chief Executive Officer. “We have helped our clients recover more than four billion dollars in overpayments over the last four years. This success has prompted additional questions from our clients. They want to understand why overpayments have occurred, how to best manage their spend, and what other profits might be hidden within their businesses.”

“Our new services address these critical needs. PRGX will use its proprietary technology and business intelligence platform and has recruited top consultants to build a world-class ‘profit discovery’ capability,” continued Bahl. “Profit discovery has the potential to add real incremental dollars to clients’ bottom lines. It involves auditing transactional data for errors and overpayments, analyzing the data for trends and insights, and advising clients on additional ways to improve financial performance. We believe we are the only firm that offers this combination of services.”

The company’s profit discovery services include spend analytics, fraud monitoring, permission-based benchmarking, custom analytics solutions, and advisory services that leverage insights gained from PRGX Analytics, as well as its traditional recovery audit services. By offering this profit discovery suite of services, PRGX is significantly expanding its opportunity to serve its current client base, which includes 70 percent of the top 50 global retailers.

PRGX is also pursuing an expansion of its presence in the healthcare and state and federal government markets, where pressing needs for efficiency and cost control have created clear demand for its services. The company currently participates in the national Medicare Recovery Audit Contractor (RAC) program as a subcontractor in three of the four RAC regions.

“Recovery audits and analytics are an extremely timely way to address waste in the healthcare system, and we are actively pursuing opportunities in this market,” added Bahl. “We are crafting value propositions for federal and state agencies, as well as leading private insurers, and we are excited about the opportunity to deliver on our reputation for integrity and rigor in this critically important area.”

To better communicate the company’s broader value proposition and brand promise, it also announced a new name—PRGX—and new tagline, “Discover Your Hidden Profits.” Additional benefits from the new name include simplification and consistency with how the company is known on the Internet and to the stock market, while maintaining its name recognition and brand strength.

To commemorate its expanded portfolio of services and new name, PRGX will open the NASDAQ stock market today with a ceremony at the NASDAQ MarketSite in New York City. The event will be broadcast live via the NASDAQ webcam and may be accessed online beginning at 9:15 a.m. Eastern time at http://www.nasdaq.com/about/marketsitetowervideo.asx.

About PRGX Global, Inc.

Headquartered in Atlanta, Georgia, PRGX Global, Inc. is pioneering “profit discovery,” the combination of audit, analytics and advisory services to improve client financial performance. PRGX remains the world’s leader in recovery auditing. It serves a majority of the top 50 global retailers and many other leading companies, and is active in an expanding range of markets, including healthcare. Until January 2010, PRGX was known as PRG-Schultz International, Inc.

For more information please visit http://www.prgx.com.

The PRGX Global, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7003

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 opportunities and expected benefits related to the company’s new service offerings. 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 not meeting expectations or justifying costs incurred, the level of acceptance of the company’s new service offerings not meeting the company’s expectations, competition being greater than anticipated, the company’s ability to develop material sources of new revenue in addition to revenues from its core accounts payable recovery audit 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 and other aspects of the company’s business, 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.

This news release was distributed by GlobeNewswire, http://www.globenewswire.com

SOURCE: PRGX Global, Inc.

CONTACT: PRGX Global, Inc.

Chip Reid

770-779-6543