News Release

PRG-Schultz to Open NASDAQ Stock Market on January 21, 2010

ATLANTA, Jan 14, 2010 (GlobeNewswire via COMTEX)—PRG-Schultz International, Inc. (Nasdaq:PRGX), the world’s leading recovery audit firm, announced today that it will open the NASDAQ stock market on Thursday, January 21, 2010. The ceremony at the NASDAQ MarketSite at Times Square in New York City will be broadcast live beginning at 9:15 a.m. Eastern time via the NASDAQ webcam and may be accessed online at http://www.nasdaq.com/about/marketsitetowervideo.asx.

As part of the bell ringing event, the Company will officially launch its new brand and new service offerings, which it believes will create new opportunities to help existing clients discover hidden profits and accelerate its further expansion into new industry segments.

Romil Bahl, President and Chief Executive Officer of PRG-Schultz, will announce the new brand and provide an overview of the new services and the expected benefits for clients and shareholders during his opening remarks.

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.

For more information please visit 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 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 that do not meet expectations or justify costs incurred, the level of acceptance of the Company’s new service offerings may not meet the Company’s expectations, 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.

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

SOURCE: PRG-Schultz International, Inc.

CONTACT:  PRG-Schultz International, Inc.
Robert Lee, Chief Financial Officer
770-779-6464